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

  1. 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.

  2. Governance:

    • Staking $MSK allows users to participate in network governance, influencing critical decisions such as:

      • Rewards subsidy percentages

      • Fee adjustments

      • Chain expansions

  3. Gas Payments:

    • Users can opt-in to pay gas fees in $MSK exclusively to get a discount.

Last updated