Utility

Governance & Decentralization

• SLAY holders play a central role in shaping the future of the SatLayer Protocol.

• Token holders may propose and vote on governance matters, including incentive parameters, allocation of the Foundation Treasury, and funding for new ecosystem initiatives.

Value Accrual

A portion of protocol fees is directed to the SatLayer Foundation Treasury. Over time, SLAY holders influence the strategic use of these resources, resulting in long-term value accrual as the Treasury expands.

Staking & Security for BVSs

• BTC stakers may opt in to secure Bitcoin Verifiable Services (BVSs) within the SatLayer Protocol.

• Participation requires staking a minimum amount of SLAY alongside BTC. In return, stakers earn rewards in the form of SLAY from the Protocol, as well as potential additional rewards distributed by individual BVSs.

Slashing

• Stakers risk losing a portion of their BTC and/or SLAY collateral if delegated operators fail to uphold the security standards of the BVSs they support.

• Each BVS defines its own slashing conditions, ensuring accountability and incentivizing honest, reliable participation.

See the Whitepaper for additional information on the SatLayer Protocol here.