Last updated: 2025‑08‑31 (America/Toronto)

This page explains the economics of SYL, how it’s allocated and vested, and how value moves through the Sylan marketplace. Numbers below reflect the current configuration on testnet; mainnet parameters will be published on Contracts → Addresses at launch.

At a glance

• Token: SYL (ERC‑20)
• Decimals: 18
• Chain (mainnet target): Polygon
• Total supply (TGE hard cap): 100,000,000 SYL
• Primary utility: marketplace payments (pay‑per‑call & subscriptions), staking incentives, node rewards via slashing redistribution, governance (future).

Allocation

Note: A portion of Ecosystem may be earmarked as a Node Incentive Reserve (e.g., 5%) during the bootstrap phase. Any such earmark will be announced in Changelog.

Visual

Vesting & locks

Why pre‑funded public sale?

• We transfer a fixed allotment of SYL to the sale contract; unsold tokens are burned after finalize. This preserves the 100M hard cap and improves buyer trust.

Staking emissions:

• Funded model: pay rewards from the Staking bucket. No new minting; transparent cap.

Utility of SYL

1. Marketplace payments
   • Pay‑per‑call: consumers approve Escrow and prepay per request.
   • Subscriptions: consumers lock SYL for a period; providers accrue earnings.
2. Node & security incentives
   • Honest nodes receive payouts from node fees (a share of user payments) and a share of slashing proceeds (from misbehaving nodes), redistributed from the Node Pool.
3. Staking
   • Users may stake SYL to receive rewards (APR depends on program parameters). Rewards are paid either from the Staking reserve (funded) or via controlled minting.
4. Governance (future)
   • SYL will be used to signal preferences on parameters (fees, caps, listings) and ratify upgrades.

Value flows (fees & rewards)

1) Payments → Provider / Nodes / Platform

Let a consumer pay price SYL for a call or period.

• Split is defined in basis points and must sum to 10_000:
  • providerBps + nodeBps + platformBps = 10_000.
• Escrow collects price and accrues balances accordingly.

Example (for intuition only): providerBps=8500, nodeBps=1000, platformBps=500.

• Provider earns price * 0.85.
• Nodes (Node Pool) earn price * 0.10.
• Platform earns price * 0.05.

Refund path: if a request expires without quorum, Escrow refunds the consumer minus any protocol‑defined fees.

2) Slashing → Treasury / Node Pool / Burn

When a node is slashed, the penalty is split by bps across Treasury, Node Pool, and Burn (sum = 10_000).

• The Node Pool’s share is later redistributed to honest nodes when requests finalize.

Parameters

These parameters are on‑chain configurable and published per network on the Contracts page.

• Escrow fees: providerBps, nodeBps, platformBps (sum = 10,000)
• Slashing split: treasuryBps, nodePoolBps, burnBps (sum = 10,000)
• Request timing caps: max request expiry, provider timestamp skew, TTL caps
• Staking: reward source (funded address vs mint), APR targets, lock periods

All changes are gated by admin/multisig + (eventually) governance signaling. Major changes land in Changelog.

Supply policy

• Genesis supply: 100,000,000 SYL minted and allocated as above.
• Inflation: none by default (funded staking rewards). If governance later approves mint‑on‑reward, an updated cap and schedule will be published.
• Burns: protocol may burn a portion of slashes (burnBps); no other programmatic burns.
• Unsold public sale tokens: burned after sale finalize (pre‑funded mode).

Transparency & addresses

• Contracts & ABIs: see Contracts → Addresses for each network.
• Vaults & timelocks: DAO and LP locks are published with tx links.
• Vesting schedules: SylanVesting schedules (team & private sale) are publicly queryable.

Risks & disclaimers

• Parameters (fees, splits, staking APR) may evolve through governance and audits.
• Token does not represent equity; no rights to revenue or dividends are implied.
• This page is informational, not financial advice. Always verify contract addresses from official sources.