Token Dynamics
Validators, data request resolvers, and bridge nodes are required to stake SEDA tokens. Validators stake SEDA to participate in the main chain consensus and secure the network. In order to ensure predictable behavior with the token, all staking will be done on the main chain.
The SEDA token will have a few dynamics in order to manage its value while network traffic increases.
SEDA will have a mint feature that pays out tokens in the form of rewards to network participants, and will also have a burn feature where requesting protocols must burn a set amount of SEDA for each request they submit.
The mint & burn rates will be regulated by the DAO to manage the impact of inflation while properly paying out validators.
Last modified 8mo ago