The $WAL Token: More Than Just Governance**
Yes, $WAL holders will govern @Walrus 🦭/acc . But the token's utility runs deeper. It is the primary security collateral, staked by validators to protect the network. This creates a direct alignment: as network usage grows, so does the demand for $WAL to secure it. Furthermore, the token is expected to be central to the protocol's fee mechanics, potentially being used for transaction settlements or offering fee discounts. This multi-faceted role—security, governance, and fee utility—creates a robust economic model designed for sustainable growth. #walrus