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Demand

Demand drivers​

Warden Protocol aims to drive a sustainable equilibrium between supply and demand of $WARD. To drive demand of $WARD, there will be a number of intrinsic demand drivers built into the ecosystem:

Fees​

  • Transaction fees: $WARD will be the primary gas/fee token in the ecosystem, for both Warden Protocol and Warden.
  • Agent fees: $WARD will be used as the currency for unlocking gated/premium Agents on Warden Agent Hub.
  • App subscriptions: A premium version of Warden will be unlocked by either having a $WARD stake or making monthly $WARD subscription.
  • Publish an Agent fee: Any third party wishing to publish their Agent to Warden will pay a flat fee in $WARD for an instant onchain identity and wallet.
  • Verification as a service: All verification services of any model will be payable in $WARD.
  • Gas abstraction: $WARD will be the universal payment token for gas payments in the Warden ecosystem.
  • Operator bonds: Operators of certain services must bond $WARD, reducing the circulating supply of $WARD and enhancing the protocol's collective security and stability.
  • Governance: $WARD will be used for community governance initiatives, creating a lasting need for a meaningful stake in Warden.

Demand levers​

A percentage of Warden revenue will be used to buy back $WARD, at the discretion of Warden Labs.

Keychain operators​

Keychain operators serve a vital role within Warden Protocol.

A Keychain is an offchain service that provides key management services to Warden users. The selected Keychain creates and stores a key material locally and publishes the public key on Warden. Users can then request signatures for various purposes.

Keychains are required to pay a $WARD bond to Warden Protocol by the Total Value Secured concept. This $WARD bond is locked and can only be unbonded after a 6-month notice period.

Validator bonds​

To operate a validator on Warden Protocol, validators will be required to hold a meaningful stake of $WARD.