The network's native cross-chain utility token. One asset that lets a user carry a single token across every supported chain, and the cheapest way to pay for what the protocol does.
Teleport (TLPT) is the network's native cross-chain utility token. It is the protocol's settlement and convenience asset: the single token a user can carry to transact across every supported chain, and the cheapest way to pay. TLPT is a Chainlink CCT-standard token with a fixed supply.
Protocol fees are payable in more than one token by design. Multi-token payment removes onboarding friction, a new user is never blocked for lack of TLPT, while the discount makes TLPT the rational default for anyone who transacts more than once.
Fees are payable in the tokens users already hold. New users are onboarded with zero TLPT required. Standard protocol fee rate applies.
Paying with TLPT applies a discount off the standard rate. Through account abstraction a user can also pay all fees, including chain-native gas, in TLPT alone, but is never required to.
Staking TLPT earns fee credits redeemable against the staker's own future protocol activity, plus issuer pricing tiers and governance rights. Commitment is rewarded with lower costs and a voice, not a cash distribution.
Bridge fees follow an 80/10/10 split: 80% flows to the protocol treasury, 10% is burned (deflationary), and 10% funds the staker fee-credit pool. Demand is grounded in real network usage and a controlled, deflationary supply, not a promised yield.
The clearer the guardrails, the easier to reason about the token. Four things TLPT is deliberately not.
TLPT is not pegged to any fiat currency or asset. It is a utility asset whose demand is tied to protocol usage, not to a reserve.
Staking earns fee credits (cost savings on your own future activity) plus governance rights. Not a cash distribution and not a claim on protocol revenue.
Every protocol action can be paid for in USDC, ETH, or the chain's native gas. TLPT is the cheapest path, never the only path.
No promised yield, no APY, no fixed distribution. Value is grounded in real network usage and a fixed, deflationary supply.