Why CYPH Holders Stake

Individuals or institutions who hold $CYPH will be incentivized to hold the token long term by staking, which will let them participate in various protocol functions. The level of rewards for the different types of activities will be determined by the protocol’s inflationary policy. In the future, $CYPH holders will be able to vote on governance proposals put forth by the community and eventually the DAO. Similar to $FTT and $SRM tokens, staked $CYPH will be utilized to lower trading fees on the platform, there will be a tiered fees structure implemented in the future as well.
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