GEN, the anchor
COIN · ugen · 6 DEC · Staking · governance
SUPPLY MODEL
100% of GEN exists at genesis. No mint path, the cap cannot move.
WHAT IT IS
GEN is the chain's security collateral. One billion, fixed, the mint function is disabled at genesis, so no policy, vote, or committee can issue more. It is a protocol-level coin: its staking and governance roles are baked into consensus and the ante handler, not delegated to a module.
WHAT IT DOES
Validators and delegators stake GEN to produce blocks and secure finality (1 GEN = 1 unit of consensus power). Staking GEN grants governance rights: every parameter, the fee split, the emission schedule, the canonical denom allowlist, changes only by GEN vote. GEN stakers earn the 30% staking share of every transaction fee the chain collects.
WHY IT'S NEEDED
A staking asset must be scarce, stable in supply, and attractive to hold, it prices long-term security. If the asset securing the chain were also the asset being spent and burned every block, its monetary policy would fight itself: high staking yields paid in inflation would debase the very collateral they protect. GEN is the fixed pole of the economy.