Overview
$MSK is the native utility token of the Musafir Network and serves several key purposes, including securing the network, facilitating governance, and incentivizing participation.
Token Utility
Dual Staking:
Validators can stake $MSK alongside $ETH using EigenLayer, increasing their staking weightage.
$MSK holders can delegate tokens to Musafir validators, contributing to the network’s economic security and earning rewards.
Governance:
Staking $MSK allows users to participate in network governance, influencing critical decisions such as:
Rewards subsidy percentages
Fee adjustments
Chain expansions
Gas Payments:
Users can opt-in to pay gas fees in $MSK exclusively to get a discount.
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