# The SLAY Token

## About SLAY

The SLAY token is the ecosystem token of SatLayer. It plays a central role in coordinating incentives, governance, and security across Bitcoin Validated Services (BVS) and integrated chains.

SLAY is used for staking and restaking to secure protocol operations, while also aligning users, operators, and partner applications around sustainable rewards. The token underpins our BVS products such as liquidity float, insurance coverage, and many more, ensuring that restaked Bitcoin assets remain productive in a secure, decentralized manner.

## Supported Networks & Token Addresses

Below are the list of supported and canonical token addresses of SLAY. You may use a bridge like [Stargate Finance](https://stargate.finance/) to bridge SLAY across different chains.

<table><thead><tr><th width="240">Network</th><th>Token Standard</th><th>Token</th><th>Address</th></tr></thead><tbody><tr><td>Ethereum</td><td>ERC-20</td><td>SLAY</td><td><a href="https://etherscan.io/token/0x51477A3002ee04B7542aDfe63ccdb50c00Ee5147">0x51477A3002ee04B7542aDfe63ccdb50c00Ee5147</a> </td></tr><tr><td>BNB Chain</td><td>BEP-20</td><td>SLAY</td><td><a href="https://bscscan.com/address/0xfC5a743271672E91D77F0176e5CEa581Fbd5D834">0xfC5a743271672E91D77F0176e5CEa581Fbd5D834</a></td></tr><tr><td>Base</td><td>ERC-20</td><td>SLAY</td><td><a href="https://basescan.org/token/0x3e248ab4554cfdec8fc4f18f569fe6f46de61db1">0x3e248ab4554cFdec8fc4f18F569FE6F46dE61DB1</a> </td></tr><tr><td>HyperEVM</td><td>ERC-20</td><td>SLAY</td><td><a href="https://hyperevmscan.io/token/0x9efdfc72c1bc90b36f8aae35247e62310c58eacf">0x9EfdFC72C1BC90b36f8aae35247e62310c58eACf</a></td></tr><tr><td>Hyperliquid</td><td>HIP-1</td><td>SLAY</td><td><a href="https://app.hyperliquid.xyz/explorer/token/0xf9dadbe873e83783630c7089320f361a">0xf9dadbe873e83783630c7089320f361a</a></td></tr></tbody></table>

{% hint style="danger" %}
Only use the official token addresses listed here. Beware of scams or fake contracts.
{% endhint %}

## How It Works

To understand more about SLAY in depth, you can explore the following docs:

{% content-ref url="the-slay-token/utility" %}
[utility](https://docs.satlayer.xyz/slay/the-slay-token/utility)
{% endcontent-ref %}

{% content-ref url="the-slay-token/tokenomics" %}
[tokenomics](https://docs.satlayer.xyz/slay/the-slay-token/tokenomics)
{% endcontent-ref %}

{% content-ref url="the-slay-token/supply-and-distribution" %}
[supply-and-distribution](https://docs.satlayer.xyz/slay/the-slay-token/supply-and-distribution)
{% endcontent-ref %}