The MAYA token is a revenue share token on the Maya Protocol ecosystem. Here are the key points about the MAYA token:
- MAYA tokens are designed to capture 10% of all the fees generated by the Maya Protocol, which primarily come from users paying fees for swapping assets against the protocol's reserves.
- MAYA tokens are essentially a tokenization of the Maya Protocol's cash flows, unlike the CACAO token which is used as the medium of exchange within the protocol.
- MAYA tokens do not grant any governance voting power, and they are not paired or tradable within the Maya Protocol's liquidity pools.
- MAYA holders are paid out in CACAO tokens every 24 hours based on their proportion of MAYA holdings and the amount of fees generated by the network.
- The team has opted to have allocations of MAYA tokens rather than CACAO, ensuring they are aligned with the long-term success of the protocol as they cannot benefit unless Maya Protocol is profitable.
- Eligible RUNE holders and early Maya node operators were rewarded with MAYA tokens as an acknowledgment of the THORchain protocol and a way to thank the community.
The MAYA token is designed to provide revenue sharing to its holders as a way to incentivize long-term support for the growth of the Maya Protocol ecosystem.
Liquid
The MAYA token on the Maya Protocol does not need to be staked. It is designed to be in liquid form and provide revenue sharing to its holders.
Here are the key points:
- MAYA tokens are not paired or tradable within the Maya Protocol's liquidity pools. They are designed to capture 10% of all the fees generated by the protocol.
- There is no requirement to stake MAYA tokens. They remain in liquid form and can be freely held or traded by users.
- The team opted to have allocations of MAYA tokens rather than CACAO to ensure they are aligned with the long-term success of the protocol, as they cannot benefit unless Maya Protocol is profitable.
In summary, the MAYA token is a revenue share token that allows holders to passively earn a portion of the protocol's fees without needing to stake or lock up their tokens. The token remains in liquid form and can be freely held or traded by users.