WAL as a Storage Yield Curve on Sui
Walrus turns storage into an on chain market. Red Stuff erasure coding hits about a 4.5x replication factor, yet data stays recoverable even if up to two thirds of nodes go offline. Mainnet runs 100+ independent operators. Blobs can be 13.3 GB and are leased in 2 week epochs, so apps price retention instead of babysitting infra. WAL max supply is 5B with 1.25B initial circulating. Distribution is 43% Community Reserve, 10% user drop, 10% subsidies, 30% contributors, 7% investors. The reserve started with 690M available at launch and unlocks linearly until March 2033. Payments are upfront but streamed to nodes and stakers, designed to keep storage pricing stable in fiat terms. Burn mechanics are planned via stake shift fees and slashing. Privacy is practical. Store ciphertext blobs, keep keys off chain. Takeaway. Track paid storage demand per circulating WAL. If usage grows faster than unlocks as subsidies fade, WAL becomes a real cash flow token.
