Infrastructure Credits (ICs)
Infrastructure Credits (ICs) are the key to accessing Yelay's robust suite of smart contracts. Like Amazon AWS credits, ICs allow businesses to pay for using Yelay's infrastructure, ensuring a fair and scalable system for all participants.
How Infrastructure Credits (ICs) Work
Purchasing ICs: Companies can buy Infrastructure Credits directly from Yelay. This straightforward option allows businesses to integrate Yelay's technology into their products or services quickly.
Generating ICs through Staking: YLAY token holders can stake their tokens to generate Infrastructure Credits. By converting YLAY to sYLAY (staked YLAY), users begin earning ICs, which can be used personally or sold to businesses needing access to Yelay's infrastructure.
Node Creation and Delegation: For businesses requiring a significant amount of ICs or looking to maximize their involvement in the Yelay ecosystem, creating a node is an attractive option. Nodes generate ICs faster and can attract additional YLAY stakers, multiplying their IC generation.
Node Operator Strategies
When a business creates a node, it opens up opportunities for other YLAY holders to stake their tokens (as sYLAY) to that node. This introduces an element of game theory to the Yelay ecosystem:
Node operators must offer incentives to attract sYLAY from holders. These incentives can take various forms:
Sharing the YLAY tokens generated from node emissions
Offering their native tokens as additional rewards
Providing a combination of YLAY and native tokens.
The more sYLAY a node attracts, the more Infrastructure Credits it generates, creating a positive feedback loop that benefits both the node operator and the stakers. Businesses must strategically balance their need for ICs with the incentives they offer to attract stakers, optimizing the cost of accessing Yelay's infrastructure.
Ecosystem Dynamics
This system creates a dynamic ecosystem where:
YLAY token holders have multiple options for putting their tokens to work, choosing between different nodes based on the incentives offered.
Businesses can choose to buy ICs directly for simplicity or engage more deeply with the ecosystem by creating nodes and attracting stakers.
The competition between nodes to attract stakers drives innovation in reward structures, potentially leading to more efficient and attractive staking options over time.
The overall demand for YLAY tokens is driven by both the need for Infrastructure Credits and the potential rewards from staking, creating a robust token economy.
By implementing this Infrastructure Credit system, Yelay ensures that access to its smart contracts is both flexible and aligned with the interests of all participants in the ecosystem. Whether a business needs occasional access or is deeply integrated with Yelay's technology, there's a path to obtain the necessary Infrastructure Credits while contributing to the network's growth and stability.
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