🪙H1 Token - The Core Utility of Haven1
The H1 token is the essential unit of utility within the Haven1 ecosystem. It is designed to power network operations, enable governance, and align incentives across participants.
Token Addresses
H1 (ERC-20) token contract address on Ethereum Mainnet: 0x9e3b5582b22e3835896368017baff6d942a41cd9
H1 (wH1) token contract address on Haven1 Mainnet: 0xB041be50694f3018912c18c710e7BBB931002598
esH1 (escrowed H1) token address on Haven1 Mainnet: 0xC6414DC21b94f88e7aD43b92d98E27EcA6e97cbE
The H1 token is the payment and utility unit of Haven1. It is required to interact with applications, participate in governance, and support network operations. H1 also serves as the common settlement token across Haven1’s integrated protocols, ensuring consistent and reliable use of the network.
Here is the link to Tokenomics if that is of interest
1. Application Fees
Haven1 operates as a gasless network. Developers may choose to charge fees for advanced features within their decentralized applications (hApps). These fees are always settled in H1.
For developers: A standardized method to enable monetization of premium services.
For users: A consistent token that provides access to Haven1’s applications and services.
2. Network Participation & Staking
H1 holders can support Haven1’s security and reliability by staking their tokens. Stakers actively contribute to safeguarding the network and maintaining its infrastructure. Incentives are provided as protocol-level compensation for services performed, ensuring ongoing contribution to the network’s reliability.
Protocol alignment: Incentives directly reward active support for network operations.
Operational resilience: Staking fosters reliable participation and liquidity.
3. Ecosystem Fee Recycling
Haven1’s core protocols (e.g., hSwap, hLend, hPerps, hNFTs, hNames, hRFQ, hAI) generate usage fees. Usage fees are recycled into the ecosystem through H1 to maintain protocol incentives for validators, developers, and active stakers.
Sustainable contribution: Fees help maintain protocol incentives for ongoing participation.
Unified utility: H1 remains the settlement token across all Haven1 applications.
Aligned participation: Protocol incentives are distributed to validators, developers, and contributors in recognition of their active role in maintaining and supporting the ecosystem.
4. Governance
H1 underpins Haven1’s governance model. Holders of staked H1 who receive veH1 can propose and vote on protocol parameters, ecosystem initiatives, and other decisions shaping the network’s evolution.
Influence decisions: Token holders participate in changes to Haven1’s protocols and applications.
Community voice: Governance ensures inclusive and transparent network development.
5. Ecosystem Incentives
Haven1 uses H1 to align contributions across all key stakeholders.
Validators: Incentivized for securing the network and ensuring uptime.
Developers: Encouraged to innovate by building new hApps and features.
Community participants: Recognized for active involvement in governance and adoption.
6. Core Protocol Utility
Haven1 integrates DeFi applications directly into the network — including decentralized exchange, lending, and derivatives. H1 acts as the settlement token that ensures smooth operation across all services.
Unified settlement layer: H1 is required for interaction with Haven1 applications.
Operational consistency: Reduces friction and ensures interoperability across the ecosystem.
Summary
The H1 token is not a financial instrument. It is explicitly designed and framed as a hybrid payment–utility token that:
Powers application-level fees,
Enables participation in governance,
Supports security through staking,
Recycles protocol fees to fund protocol incentives for active participants.
Serves as the unified settlement token for Haven1’s applications.
H1 provides the operational infrastructure for Haven1, ensuring that participants can interact, contribute, and sustain the network effectively.
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