WDYM & esWDYM Token's Utility

WDYM serves as the cornerstone currency for the WDYM network, mirroring the utility functions seen in tokens across well-known Layer 1 (L1) and Layer 2 (L2) platforms, with full transferability ensured.

On the WDYM Layer 3 (L3), WDYM tokens are utilized as gas fees and can be converted into esWDYM, which is not transferable but plays a crucial role in staking for diverse benefits. esWDYM rewards and benefits are specifically designed for Sentry node operators, enhancing their network contribution rewards.

Key advantages of staking esWDYM include:

• Yield Enhancement: Staking esWDYM in a yield account boosts esWDYM accumulation.

• Exclusive Pool Creation: Ownership of WDYM City Node Keys grants the exclusive right to create pools, enhancing WDYM's utility and rewarding those with a history of supporting the WDYM community.

• Key Pooling: Community members can join forces by pooling Keys, reducing reward emission randomness and securing more consistent, significant rewards for pool participants.

• Increased Staking Rewards: Pooling more Keys allows for more esWDYM to be staked, heightening the reward potential.

• Rewarding Pool Participants: Rewards, primarily in esWDYM, can be augmented through additional incentives defined by pool owners, fostering a community-centric, collaborative ecosystem. This approach mirrors successful strategies from other blockchains, promoting direct engagement and rewarding experiences for users.

• Seamless Redemption and Staking: WDYM holders can directly convert their tokens to esWDYM on a 1:1 basis and participate in staking within pools to earn rewards, ensuring open access to the staking ecosystem for everyone.

• Cultural and Governance Participation: Staking esWDYM also opens doors to exclusive events and assets in games on the WDYM Network, in addition to granting DAO governance rights, such as proposing initiatives for the DAO/Foundation treasury.

This comprehensive framework not only incentivizes participation and supports the WDYM community but also aligns with the broader goal of fostering a rich, collaborative, and rewarding network ecosystem.