๐ง๐ต๐ฒ ๐ฆ๐ฒ๐น๐ณ-๐ฅ๐ฒ๐ถ๐ป๐ณ๐ผ๐ฟ๐ฐ๐ถ๐ป๐ด ๐๐๐ฐ๐น๐ฒ ๐ผ๐ณ ๐๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐ฉ๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐๐ผ๐บ๐ฝ๐๐๐ฒ
The ๐๐ผ๐๐ป๐ฑ๐น๐ฒ๐๐ ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ is architected as a decentralized, permissionless marketplace for ๐๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐๐๐ฎ๐๐ถ๐ผ๐ป, leveraging ๐ญ๐ฒ๐ฟ๐ผ-๐๐ป๐ผ๐๐น๐ฒ๐ฑ๐ด๐ฒ ๐ฃ๐ฟ๐ผ๐ผ๐ณ๐ (๐ญ๐๐ฃ๐) to decouple execution from consensus. The native token, $๐ญ๐๐, is not just a medium of exchange; it is a ๐ฐ๐ฟ๐๐ฝ๐๐ผ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ด๐ฟ๐ฎ๐๐ถ๐๐ ๐๐ฒ๐น๐น that binds ๐ฅ๐ฒ๐พ๐๐ฒ๐๐๐ผ๐ฟ๐ (๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐ฒ๐ฟ๐/๐ฑ๐๐ฝ๐ฝ๐) and ๐ฃ๐ฟ๐ผ๐๐ฒ๐ฟ๐ (๐ป๐ผ๐ฑ๐ฒ ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐๐ผ๐ฟ๐) into a self-reinforcing flywheel.
๐ญ. ๐ง๐ต๐ฒ ๐จ๐๐ถ๐น๐ถ๐๐-๐๐ฟ๐ถ๐๐ฒ๐ป ๐๐ผ๐ฐ๐ธ๐๐ฝ ๐ ๐ฒ๐ฐ๐ต๐ฎ๐ป๐ถ๐๐บ: ๐๐ผ๐น๐น๐ฎ๐๐ฒ๐ฟ๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ฃ๐ผ๐ฉ๐ช
๐. ๐จ๐๐ถ๐น๐ถ๐๐ ๐ฎ๐ ๐๐ผ๐น๐น๐ฎ๐๐ฒ๐ฟ๐ฎ๐น
๐ฃ๐ฟ๐ผ๐๐ฒ๐ฟ ๐ฅ๐ฒ๐พ๐๐ถ๐ฟ๐ฒ๐บ๐ฒ๐ป๐: Prover Nodes must stake $๐ญ๐๐ to accept computation tasks.
๐ฆ๐น๐ฎ๐๐ต๐ถ๐ป๐ด ๐๐ผ๐ด๐ถ๐ฐ: Fraudulent/faulty proofs โ $๐ญ๐๐ stake slashed.
๐๐๐ป๐ฎ๐บ๐ถ๐ฐ ๐๐ผ๐ฐ๐ธ๐๐ฝ: Rising demand โ more Provers โ more $๐ญ๐๐ staked โ reduced liquidity.
๐. ๐จ๐๐ถ๐น๐ถ๐๐ ๐ฎ๐ ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ฎ๐ป๐ฑ ๐ฅ๐ฒ๐๐ฎ๐ฟ๐ฑ (๐ฃ๐ฟ๐ผ๐ผ๐ณ ๐ผ๐ณ ๐ฉ๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ช๐ผ๐ฟ๐ธ โ ๐ฃ๐ผ๐ฉ๐ช)
๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ: Requestors must pay in $๐ญ๐๐.
๐ฃ๐ผ๐ฉ๐ช ๐ฅ๐ฒ๐๐ฎ๐ฟ๐ฑ: Provers earn $๐ญ๐๐ for valid proofs, proportional to computation complexity.
๐ฎ. ๐ง๐ต๐ฒ ๐๐น๐๐๐ต๐ฒ๐ฒ๐น ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐: ๐จ๐๐ถ๐น๐ถ๐๐ โ ๐๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป โ ๐๐ฒ๐บ๐ฎ๐ป๐ฑ
๐ฆ๐๐ฎ๐ด๐ฒ ๐ญ: ๐จ๐๐ถ๐น๐ถ๐๐ ๐๐ฟ๐ถ๐๐ฒ๐ ๐๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป (๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ ๐ฆ๐๐ฝ๐ฝ๐น๐) โ๏ธ
High $๐ญ๐๐ ๐ฟ๐ฒ๐๐ฎ๐ฟ๐ฑ๐ + staking โ more ๐ฃ๐ฟ๐ผ๐๐ฒ๐ฟ๐ โ greater compute capacity + scalability.
๐ฆ๐๐ฎ๐ด๐ฒ ๐ฎ: ๐๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป ๐๐ฟ๐ถ๐๐ฒ๐ ๐จ๐๐ถ๐น๐ถ๐๐ (๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ ๐๐ฒ๐บ๐ฎ๐ป๐ฑ) ๐ป
More Provers โ lower latency & costs โ higher ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐ฒ๐ฟ ๐ฎ๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป.
More ๐ฅ๐ฒ๐พ๐๐ฒ๐๐๐ผ๐ฟ๐.
Higher ๐ฝ๐ฟ๐ผ๐ผ๐ณ ๐๐ผ๐น๐๐บ๐ฒ.
๐ฆ๐๐ฎ๐ด๐ฒ ๐ฏ: ๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ฅ๐ฒ๐ถ๐ป๐ณ๐ผ๐ฟ๐ฐ๐ฒ๐ ๐ฉ๐ฎ๐น๐๐ฒ (๐ง๐ผ๐ธ๐ฒ๐ป ๐ฉ๐ฎ๐น๐๐ฒ) ๐
More proof requests โ higher $๐ญ๐๐ ๐ณ๐ฒ๐ฒ๐ + collateral lockup โ scarcity.
Increased $๐ญ๐๐ ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ.
Higher ๐ฐ๐ผ๐น๐น๐ฎ๐๐ฒ๐ฟ๐ฎ๐น ๐น๐ผ๐ฐ๐ธ๐๐ฝ.
๐๐ฒ๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐ฟ๐ ๐ฝ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ via slashing/fee burn.
This loops back, reinforcing $๐ญ๐๐โ๐ ๐๐ฎ๐น๐๐ฒ.
๐ฏ. ๐ง๐ต๐ฒ ๐๐ผ๐๐ป๐๐ฒ๐ฟ๐ฏ๐ฎ๐น๐ฎ๐ป๐ฐ๐ฒ: ๐๐ป๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐๐ผ๐ป๐ด-๐ง๐ฒ๐ฟ๐บ ๐ฆ๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐
๐๐ผ๐๐ป๐ฑ๐น๐ฒ๐๐ uses an inflationary model (โ7% โ 3%). Stability depends on:
๐๐ฒ๐บ๐ฎ๐ป๐ฑ (๐ณ๐ฒ๐ฒ๐ + ๐น๐ผ๐ฐ๐ธ๐๐ฝ) > ๐ฆ๐๐ฝ๐ฝ๐น๐ (๐ถ๐ป๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป/๐ฟ๐ฒ๐๐ฎ๐ฟ๐ฑ๐)
Thus, $๐ญ๐๐ captures value from the decentralized compute market.
