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What is a "Node Token"
A "node token" is a token where people who create "nodes" lock their tokens in it forever. In exchange, they get perpetual yield through virtual (DaaS, DeFi-as-a-service) or real nodes (NaaS, Node-as-a-Service). The generated yield mostly varies from 1%-10% per day, Universe offers 4% per day per Planet at the moment.
The goal is to bring passive income to its holders through various means (grouped staking and farming mostly but not limited to) to help sustain the rate of emission. This helps expose its holders to various protocols without to even having to deal with it. No network fees, swapping, bridging, staking or bonding are required.
Universe calls it "Planets" as they are very different on the technical side. However, it's conceptually similar to a DaaS.
Last modified 10h ago
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