AVAIL token
TypeToken
PageRank0.0015
Also known asAvail Token
Overview
Avail is a data availability (DA) layer designed for rollups and validiums. It uses a nominated proof-of-stake consensus mechanism secured by the AVAIL token. The token is used for staking, governance, and paying transaction fees for data submissions.
Within the DeFi Intel graph, AVAIL connects to 1 tracked entity, most strongly to Avail.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Avail | 90% |
Frequently asked questions
What is the AVAIL token used for?
The AVAIL token is used for staking, governance, and paying transaction fees for data submissions on the Avail data availability layer.
What consensus mechanism does Avail use?
Avail uses a nominated proof-of-stake consensus mechanism secured by the AVAIL token.
What type of layer is Avail designed for?
Avail is a data availability (DA) layer designed for rollups and validiums.