SEDA Token Utility

• Network Security

• Network Utilization

• Network Participation

• Governance

Quick Links

Token Metrics

• Token Burn Supply: https://explorer.seda.xyz/trends

• Circulating and Staked Supply: https://explorer.seda.xyz

Third Party Token Trackers

• DeFi Llama: https://defillama.com/chain/seda?chainFees=true&chainRevenue=true

Network Security

The SEDA Chain uses a Proof-of-Stake (PoS) consensus mechanism. Validators that participate in block production and batch signing are required to stake SEDA Tokens in order to operate a validator node.

Validators that follow protocol rules receive a portion of the SEDA Chain’s native inflation issuance to incentivise compliant performance. Validators that violate protocol rules may be subject to slashing, which results in the reduction or loss of a portion of their staked tokens. The function of token burns associated with network usage is to enhance SEDA network security by reducing SEDA token supply.

View current staked supply: https://explorer.seda.xyz

Network Utilization

SEDA Tokens are used to enable core network operations by covering native network fees associated with computation, data delivery, and deployment of Oracle Programs and Data Proxies to the SEDA Network. In certain execution paths, tokens are permanently removed from supply as part of protocol-defined processes associated with the usage of the SEDA Network.

View burnt supply: https://explorer.seda.xyz/trends View circulating supply: https://explorer.seda.xyz/

Network Participation

Operation of core network infrastructure requires staking SEDA Tokens.

• Main chain validators must stake SEDA Token to participate in consensus.

• Overlay node operators are required to stake SEDA Token to operate nodes used for querying Data Proxies.

SEDA Token holders may delegate tokens to main chain validators through the native Keplr Dashboard to support network consensus. Through delegation, SEDA Token holders may participate in network security by providing their SEDA to active validators actively securing the chain.

Governance

Validators and delegates may participate in onchain governance by voting on protocol proposals. Governance proposals are conducted through the Kepler governance forum.