It has been disabled by default by OnePlus. You can enable the option using the below given steps:
1. Dial *#800#
2. Go to Oneplus logkit
3. Go to function switch
4. Check on Vowifi switch
5. Reboot your phone
6. go to settings -- wifi & internet -- sim & network
7. Turn on WIFI Calling
8. Reboot your phone
Wait few minutes you will see volte will be replaced by vo-wifi .