SWTCH Token Overview

Quick overview of SWTCH token utilities and governance

What is SWTCH?

SWTCH is the governance and utility token that powers the Switchboard oracle network. It serves as the foundation for economic security, governance participation, and network incentives across the entire Switchboard ecosystem.

Key Token Details

Property	Value
Symbol	SWTCH
Standard	Solana SPL Token
Contract	SW1TCHLmRGTfW5xZknqQdpdarB8PD95sJYWpNp9TbFx
Total Supply	1,000,000,000 SWTCH

Core Utilities

🗳️ Governance Power

• Stake SWTCH to receive svSWTCH (staked-vote SWTCH)

• Vote on protocol parameters, oracle requirements, and network upgrades

• Participate in decentralized decision-making

🔒 Network Security

• Oracle operators must have svSWTCH delegated to participate

• Slashing mechanisms punish bad actors

• Economic alignment between all network participants

💰 Yield Generation

• Earn rewards from oracle fees and network activity

• Distributed through Jito NCN vault system

• Epoch-based reward distribution (every 2-3 days)

⚡ Enhanced Access

• Higher rate limits for data requests with svSWTCH holdings

Staking Process

1. Obtain SWTCH: Claim tokens or acquire through exchanges

2. Stake via Jito NCN: Delegate SWTCH through Jito's Node Consensus Network vault

3. Receive svSWTCH: Get staked voting tokens that accrue rewards

4. Participate: Use svSWTCH for governance and enhanced network access

Who Should Care About SWTCH?

Oracle Operators

• Required: Must have svSWTCH delegated to participate in the network

• Competitive Advantage: More delegation = more work opportunities

• Aligned Incentives: Economic stake ensures data quality

DApp Developers & Protocols

• Cost Optimization: Stake for better rate limits instead of higher fees

• Network Voice: Governance participation in protocol evolution

Token Holders & DeFi Users

• Yield Generation: Earn yield helping secure the network

• Governance Participation: Influence the future of oracle infrastructure

• Cross-Chain Benefits: Single token securing multiple blockchain networks

Getting Started

🎯 For Token Holders

1. Claim your SWTCH tokens (starting Sept 9, 2025)

2. Stake through Jito NCN to get svSWTCH

3. Participate in governance discussions

🔗 For Oracle Operators

1. Set up your oracle node

2. Add a Jito NCN operator to your node to receive stake

3. Maintain high performance to earn more rewards

🏗️ For Developers

1. Review staking benefits for your application

2. Integrate enhanced rate limits with svSWTCH

3. Explore Switchboard Surge to take advantage of higher rate limits

Related Documentation

• Full Governance Guide - Complete tokenomics and governance details

• Providing Stake - How to stake SWTCH tokens

• Oracle Staking Setup - For oracle operators

• Re-staking Benefits - Advanced staking strategies

• Running Oracles - Oracle operator guides

Community & Support

• Discord: discord.gg/switchboardxyz

• Twitter: @switchboardxyz

• Foundation: switchboard.foundation

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SWTCH empowers the community to shape the future of decentralized oracle infrastructure while earning rewards and accessing premium network features.