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The native token WAL of the Walrus protocol plays multiple roles within the ecosystem. Starting from staking, participants can obtain delegation rights by locking up WAL tokens. These tokens not only drive the reward distribution mechanism but also support the entire payment system of the storage network, while also holding voting power in protocol governance decisions.
For storage node operators, WAL staking is a prerequisite for participating in the network. Only nodes that have completed token staking can register and become eligible to participate in storing blobs data. This design ensures the economic commitment of nodes, making participants responsible for their actions.
However, it should be noted that the staked tokens are not entirely risk-free. If a node fails to meet the protocol's specified availability standards or does not pass verification mechanisms, it risks having its staked tokens forfeited. This penalty mechanism safeguards network security and encourages storage nodes to maintain stable service quality.