Practical Application of HUB
HUB is a token staked by Minter Hub oracles. Its main features are:
- Validation of the Minter Hub network (up to 1% on all cross-chain transfers)
- Voting on DAO-related issues
- Reduction of fees charged for making cross-chain transfers
- Provision of liquidity to the pools (0.2–0.3% on the amount swapped)
By staking HUB, validators receive up to 1% of cross-chain transfers made by users as a fee. The transaction cost can go to as low as 0.4%, provided the sender holds HUB tokens on their balance. Users may also earn on delegating HUB to oracles and receiving a share of fees charged for cross-chain transfers.
For more detail on HUB's use cases and its broader tokenomics, read here.
This material serves educational purposes only. The information contained herewithin does not constitute an investment, financial, legal, or tax advice, and it is not an offer or solicitation to purchase or sell any financial instrument.