Question 1

What is SWAY?

Accepted Answer

SWAY is the native utility token of Sway Protocol, primarily used for its Proxy Staking Pools (PSP). A PSP binds a pool to a specific wallet address or NFT contract; participants stake SWAY in that pool to express support for that address, creator, or project through a visible financial commitment. Accordingly, SWAY's role within the protocol is not to independently represent ownership of a particular NFT, but to serve as the staking asset for establishing and participating in this signal of trust and reputation. The token contract address stated on the official website is 0x262B8AA7542004f023B0eB02bc6b96350A02b728.

Question 2

How do Proxy Staking Pools work?

Accepted Answer

A Proxy Staking Pool is a smart-contract pool paired with a specific wallet address or NFT contract. The pool's associated object determines who the support signal is directed toward; stakers deposit SWAY into the pool to participate in that signal with capital at stake. This design connects “support” with an economic position that can be locked: if the wallet or contract generates revenue related to NFT sales or royalties, the pool may use that revenue to reward stakers according to its rules; if there is no such actual revenue, staking itself does not guarantee returns.

Question 3

What is SWAY used for in the protocol?

Accepted Answer

SWAY is the primary staking token for creating and participating in Proxy Staking Pools. When staking into an existing pool, participants use SWAY to establish a position linked to the pool's associated wallet or NFT contract; when creating an unclaimed pool, the creator must first deposit SWAY as an initial stake. The purpose of the initial stake is to give the pool a base position at creation rather than leaving it empty. It does not mean purchasing rights in the associated wallet or NFT, nor does it automatically confer a guaranteed claim on its revenue; whether rewards arise still depends on actual revenue generated by the associated object and the pool's rules.

Question 4

When can the initial stake be redeemed after creating a Proxy Staking Pool?

Accepted Answer

Immediate redemption is not guaranteed. Initial SWAY deposited to create an unclaimed pool cannot be redeemed while other staking positions remain in the pool; in other words, whether other stakers remain in the pool directly affects the liquidity of the creator's base position. This restriction ties the initial position to the pool's continuing participation status: the creator cannot withdraw the base stake first while others still have positions. The official website also states that the initial position may continue to earn corresponding rewards during the restricted period; whether it earns rewards and how much still depend on pool rules and distributable revenue.

Question 5

Where do returns from staking SWAY come from?

Accepted Answer

Staker returns may come from NFT sales or royalty revenue generated by the associated wallet, which is then used to reward stakers under the pool's rules. Revenue must first be generated by activity of the associated wallet before it can potentially become a distributable pool reward; it is not a token issuance reward that arises at a fixed rate merely from holding or staking SWAY. Therefore, two things should be distinguished: staking SWAY establishes a position in the pool; actual returns depend on whether the associated object generates relevant revenue and how that revenue is distributed under the rules. If there is no sales or royalty revenue, or the applicable pool rules are not met, returns should not be inferred on that basis.

Question 6

What is SWAY's supply?

Accepted Answer

The official website states that SWAY launched in October 2021, has a supply of 100,000,000 tokens, and has 18 decimal places. Eighteen decimal places means balances can be recorded on-chain in smaller units; it does not indicate additional supply. This supply figure is token-level quantity information and cannot be directly treated as the quantity tradable on the market at a particular time or as the amount already staked in pools. The available sources do not explicitly provide the real-time circulating supply, allocation, or unlock status required for this question, so these data should not be inferred from total supply.

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