🔍 What is $PROVE?
PROVE is the native token of the Succinct Prover Network, a decentralized protocol designed to outsource zero-knowledge proof (ZKP) generation to a global network of provers.
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🧠 Key Features
Proof Payments: Users pay for ZKPs using PROVE, with all transactions settled on-chain via the SuccinctVApp contract.
Staking & Auctions: Provers must stake $PROVE to access proof request auctions. Token holders can delegate stake to earn rewards.
Nested Vault System: Staking is done through iPROVE and stPROVE tokens, enabling liquidity and governance participation.
Governance: Starts with a security council, then transitions to full on-chain voting based on staked $PROVE.
Slashing Mechanism: Ensures accountability—provers who fail to deliver get penalized.
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🌐 Use Cases
$PROVE powers scalable, trust-minimized infrastructure for:
- Rollups
- Bridges
- Oracles
- AI agents
It aligns incentives across users, provers, and stakers in an open, permissionless marketplace.