Governance: The WalletConnect Foundation currently oversees network development by issuing grants, supporting app development, and forging partnerships. As the network moves toward decentralization, specialized councils will form to take on different responsibilities. WCT tokenholders will be able to vote on proposals and influence decisions, with increasing community involvement over time. The transition to full community control is planned in phases.
Rewards: To encourage early engagement, 17.5% of the total token supply is allocated for network rewards over the first few years. Rewards will go to various contributors based on performance and alignment with WalletConnect’s goal of improving the on-chain user experience. Node operators will also earn rewards based on uptime and performance, incentivizing continued infrastructure improvements.
Staking: WCT holders can stake their tokens to help secure and support the network, earning rewards in return. Staking rewards come from the overall rewards pool, with distribution rates governed by the community. Rewards are proportional to each staker’s contribution, though caps are in place to avoid excessive concentration. Longer lock-up periods and higher stakes result in greater rewards.
Fees: Initially, no fees will be implemented. However, once the ecosystem matures, the community can propose and vote on fee structures through governance. A proposed model suggests using a Monthly Active User (MAU) fee structure for the relay service, allowing for scalable, usage-based fees.
