FIDA is the native utility and governance token of the Bonfida ecosystem on Solana, formerly focused on Serum DEX enhancements and now rebranded toward the Solana Name Service (SNS)—a decentralized .sol domain system .
It plays key roles in governance, paying transaction fees (including discounts), staking for rewards and access, and domain registrations .
The total supply is capped at 1 billion FIDA, with most in circulation (~990 M) .
1. Governance: Holders vote on ecosystem upgrades via quadratic voting .
2. Staking: Users stake FIDA for rewards, receive gFIDA (governance tokens), and benefit from multipliers on longer lockups .
3. Fee Utility: Used to pay, and burn, trading and domain registration fees—boosting scarcity .
4. Advanced Tools Access: Unlocks Bonfida features like VIP API, bots, DEX UI, and the Solible NFT marketplace .
5. Decentralized Identity (SNS): Enables purchase and management of .sol domains for user-friendly identities .