Token Utility
The $TSS token is not merely a governance instrument; it is the functional fuel of the Secret Service ecosystem. It is designed to capture value from protocol usage, secure the compliance layer, and provide native privacy to holders.
1. Native Confidentiality
Unlike standard SPL or ERC-20 tokens that broadcast every transfer to the world, $TSS is built on the Solana standard with Confidential Transfer extensions.
Go Dark: Holders can choose to "Shield" their $TSS balance.
The Result: When transacting in shielded mode, the amount being transferred is cryptographically encrypted on the ledger. Only the sender and receiver know the value.
Whale Protection: This prevents "wallet watching" and predatory front-running of large stakeholders.
2. The "License to Operate" (Governance)
TSS is the first privacy protocol to implement Decentralized Compliance. The protocol must remain clean of illicit funds (OFAC/Hacks) to survive. $TSS holders are the guardians of this whitelist.
Merkle Root Management: Holders vote to update the Compliance Merkle Tree. If a new hack occurs (e.g., a bridge exploit), governance can vote to add those hacker addresses to the blocklist, protecting the pool's integrity.
Protocol Parameters: Vote on fees, new asset support (e.g., adding USDT or SOL), and Relayer incentives.
3. Fee Abstraction & Rebates
Privacy should be affordable. $TSS creates a tiered membership system for protocol users.
The Standard Fee: Users who do not hold $TSS pay a standard protocol fee (taken from the withdrawal amount) to cover Relayer costs and protocol revenue.
The Agent Tier: Users holding a specific threshold of $TSS in their wallet automatically qualify for Fee Rebates. The smart contract verifies the holding and waives the protocol fee, charging only the bare minimum for Solana network gas.
4. Relayer Staking
The Relayer Network is the infrastructure that breaks the on-chain link by paying gas for users' fresh wallets.
Bonded Security: To operate a Relayer node and earn fees, operators must stake $TSS.
Slashing: If a Relayer attempts to censor transactions or acts maliciously, their staked $TSS is slashed (burned), ensuring the network remains trustless and censorship-resistant.
Last updated
Was this helpful?