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$ABNK is the governance and utility token of the AgentBank protocol. It is an ERC-20 token with ERC-20Permit and ERC-20Votes extensions, deployed natively on Mantle with omnichain bridging via LayerZero OFT. Holding and locking ABNK gives you voting power over protocol parameters, a share of weekly fee revenue, and priority in the intent auction system.

Token utility

ABNK serves four purposes in the protocol:

1. Governance (veABNK voting)

Lock ABNK to receive veABNK voting power. veABNK holders vote on:
  • Protocol parameter changes (auction duration, slash rates, fee splits)
  • New strategy and code hash approvals
  • Treasury fund allocation
  • Emergency circuit breaker activation (67% supermajority required)
See veABNK for locking mechanics.

2. Analyst staking and security

  • Minimum analyst stake: 1,000 ABNK to register as an analyst (slashable)
  • Solver bond augmentation: ABNK bonds accepted at 1.5× multiplier vs stablecoins
  • Protocol insurance: Staked ABNK serves as backstop capital for vault losses

3. Fee capture

Protocol fees flow through ABNK:
  • 80% of protocol fees → veABNK holders (weekly distribution)
  • 10% of protocol fees → treasury
  • 10% of protocol fees → burned (deflationary)

4. Access and incentives

  • Signal NFT minting: Requires 50 ABNK burn per mint
  • Intent auction priority: Higher ABNK stake = priority in tiebreakers
  • Reputation bootstrapping: Burn up to 500 ABNK/epoch to accelerate new analyst reputation (capped at 2× normal rate)

Supply distribution

Deflationary mechanisms

ABNK supply decreases over time through:
  • 10% of protocol fees converted to ABNK and burned weekly
  • Signal NFT minting — 50 ABNK burned per mint
  • Reputation burns — up to 500 ABNK per analyst per epoch
Estimated burn rate at maturity: ~85,000 ABNK/month (1.02% of supply annually).

Cross-chain availability

ABNK is bridgeable to Ethereum, Arbitrum, and Base via LayerZero OFT. Total supply is conserved across all chains: