Utility of TOSI
Note: TOSI token model is a work in progress and not final.
TOSI token fuels the Tosi network. TOSI has various uses:
Publishers pay datachain creation and update fees in TOSI
TOSI is staked by nodes to secure the network
TOSI is staked by publishers to increase their credibility
Nodes are rewarded with TOSI for verifying assets
Nodes are rewarded with TOSI bonus to kick-start node network
We'll describe the token model in more detail in the near future.
Besides using TOSI to secure the network, we're exploring the option to use EigenLayer's restaking service. With Eigenlayer, Tosi can specify two quorums, an Ethereum restakers quorum and a TOSI quorum. In order for operators on EigenLayer to secure Tosi, they either have to restake their ETH or they have to stake TOSI. Tosi can treat both quorums as two independent quorums and use an AND clause to combine the majority response from both the quorums. If TOSI value would decrease, the restaked ETH quorum works as a hedge.
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