WAL Token

WAL is the payment token for storage on the Walrus protocol, with the payment mechanism designed to keep storage costs stable in fiat terms and protect against long-term fluctuations in the WAL token price. When users pay for storage, they pay to have data stored for a fixed amount of time and the WAL paid upfront is distributed across time to storage nodes and stakers as compensation for their services. This mechanism ensures both that the Walrus protocol is financially sustainable and that users can expect their data to be held safely and securely.