Token Utility

Introduction

The Masa Token (CORN) provides utility to protocol users and is required in order to access core functionality across the Masa Protocol

Validators

In order to be able to become a Validator, a node operator must stake tokens and then be elected to become a validator by getting a >50% vote from the existing validators on the network. A validators stake will be slashed by the protocol and they will be removed if they are faulty. Transaction fees are paid in tokens to Validators by users of the protocol.

Voters

Loans are approved by Voters who stake tokens in the Voting Pool. Liquidity providers can also participate as Voters and earn tokens based on their participation in the liquidity pool. The liquidity provider's votes are weighted by 2x.

Developers

Developers stake tokens to access the Masa Developer API and pay discounted API call rates based on the number of tokens staked. API calls are priced in tokens; if a developer wants to pay in USD/USDC the payment is converted into tokens automatically. Developers also pay transaction fees in tokens when deploying smart contracts or making private transactions.

Liquidity Rewards

Liquidity providers earn rewards in tokens by providing liquidity to the protocol. Liquidity providers also receive loan interest in tokens. Interest received in USDC is converted into tokens before being paid to liquidity providers.

Data Farming

End users who share data for training credit models earn data through participation in Data Farming pools.


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