fragSWTCH grants direct voting power over the future of the Switchboard protocol, enabling holders to make decisions around:
- Node onboarding, performance requirements, and slashing conditions
- Staking, delegation, and reward parameters
- Core protocol fee structures
- Priority technical upgrades and integrations
How to stake SWTCH
To wield the true power of SWTCH and access the full set of utilities mentioned above, holders can stake their SWTCH (and mint fragSWTCH) using Fragmetric Vault. https://app.fragmetric.xyz/restake/Rewards within the protocol are distributed as follows: Switchboard Oracle Network fees together with SWTCH subsidies fund the Fragmetric Restaking Vault, and the protocol auto-compounds these rewards into fragSWTCH.