LEVEL: Stabilize your DePIN service#3
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lyronctk merged 14 commits intoSeismicSystems:mainfrom Feb 11, 2025
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make sure to add your one liner update to the top level readme |
…unlocking after a *global* unlock time, not a timestamp every day
lyronctk
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LEVEL is a new mechanism for reducing the impact of token volatility on DePIN service quality in token incentive networks. Operators receive rewards above a base price set by the protocol each epoch, covering estimated operating costs, and can liquidate up to a set withdrawal amount every epoch.
We introduce the following contracts:
WidgetInterfacea service interface with the ability for consumers to pay for service and operators to withdraw funds in USDC. Operators can check their maximum remaining withdraw amount for an epoch.WDGSRC20an ISRC20 token type where only a trusted AMM and service interface are whitelisted to transfer and view balances until after a certain unlock time.PermissionedAMMa constant-product AMM, owned by the service interface.