Roll

ROLL is presented as a coordination layer between traders, liquidity providers and builders. Its uses include:

• Trading utilities (via holding or staking ROLL) - fee reductions - access to tiers and referral conditions - access to tooling and limits that can depend on balance or stake, such as: - TWAP/VWAP execution tools - higher API limits - additional order types

• Liquidity and safety mechanisms - incentives for participants in vaults or pools linked to protocol liquidity - an insurance backstop staking mechanism intended to support system safety in extreme scenarios, where stakers may take loss risk when applicable

• Builder and strategy alignment - staking by strategy managers and copy-trading vault operators as an alignment mechanism - unlocking operating conditions, such as: - routing priority - higher API limits

• Governance - voting on protocol decisions and parameters, including: - listings - risk haircuts - funding parameters - fee schedules - incentive budgets - other protocol parameters - a governance approach described as starting off-chain and moving towards on-chain governance, with specialist councils proposing changes

• Described future use - staking for validators or sequencers if an appchain design is deployed - linking network security and fee capture to market operation