Introduction

Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data, aiming to build a neutral and open internet rooted in Web3 principles. Secured by ZK proofs, the Subsquid network boasts a modular architecture that enables exceptional scalability and developer convenience optimized for blockchain indexing, dApp development, and analytics.
Subsquid is a response to unscalable and rigid monolithic indexing frameworks that had previously gained popularity and market traction among Web3 developers. Today, these frameworks are struggling to adapt in a rapidly evolving blockchain environment. Additionally, the network serves as a highly efficient and decentralized alternative to centralized infrastructure firms, including large RPC and API providers.

Key Highlights

Permissionless data access that builders can rely on
Web3 applications have become far too dependent on centralized RPC and API providers. Subsquid’s unique modular architecture offers infinite horizontal scalability, providing Web3 developers with a long-term solution for decentralized applications aimed at consumers and real-world use cases.
Unified data lake for all of Web3
Subsquid stands as the most ambitious endeavor in blockchain data lakes, aiming to structure and prepare all data from all chains (envision a Google for Web3!). This initiative extends support to data-heavy chains like Solana, and expansive ecosystems such as ETH and its L2s.
Permissive & open-source developer friendliness
Subsquid’s modular structure empowers developers and analysts with seamless access to blockchain data. This decentralized data lake can be accessed using a wide range of programming languages, and the stack has been integrated with a comprehensive set of popular Web2 and Web3 developer tools.
Innovative growth-focused economic model
As blockchain data production surges due to innovations like alt L1s, L2s, and danksharding, the demand for network participants to store this data will intensify. As data storage and network participation grow, the value entering the Subsquid Network will increase. Subsquid’s token design is intended to capture this value and provides a mechanism that aims to bring data costs for developers and analysts down to zero. 

Tokenomics

SQD is the ERC-20 protocol token that is native to the Subsquid Network ecosystem. The token smart contract is to be deployed on the Ethereum mainnet and bridged to Arbitrum One. This strategy seeks to ensure the blockchain serves as a reliable, censorship-resistant, and verifiably impartial ledger, facilitating reward settlements and managing access to network resources.
Token Utility
The SQD token is a critical component of the Subsquid ecosystem. Use cases for the SQD token are focused on streamlining and securing network operations in a permissionless manner:

• Alignment of incentives for infrastructure providers: SQD is used to reward node operators that contribute computation and storage resources to the network.
• Curation of network participants: Via delegation, the SQD token design includes built-in curation of nodes, facilitating permissionless selection of trustworthy operators for rewards.
• Fair resource consumption: By locking SQD tokens, consumers of data from the decentralized data lake may increase rate limits.
• Network decision making: SQD tokenholders can participate in governance, and are enabled to vote on protocol changes and other proposals.

The SQD token’s innovative curation component allows the Subsquid community to delegate SQD to Node Operators of their choice, ensuring trustlessness. SQD’s utility as a tool for adjusting rate limits is unique in increasing trustless performance, by locking SQD tokens, without having to pay a centralized provider for quicker or more efficient data access.
Release Schedule*Category% of Total SupplyDescriptionPre-Seed Backers12Subsquid’s earliest backers from the beginning of 2021.
6-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.Seed Backers16.3Early backers from late 2021.
6-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.Strategic I Backers4.6Strategic backers from early 2022.
12-month linear vesting after TGE.Strategic II Backers2Strategic backers from 2022.
6-month lockup after TGE, with a 25% release followed by a 18-month linear vesting for the remaining 75%Team156-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.Reserved Treasury28.1Allocated for network development, grant programs, bounties, and ecosystem activities.
36-month linear vesting after TGE.Liquid Treasury5Liquid tokens for market making, liquidity provision on CEX/DEX, other ecosystem activities and events.Worker Rewards10Allocated to reward network node operators.
84-month vesting after TGE.Community Sale520% release at TGE, followed by a 6-month linear vesting.Testnet Participants1Allocated to reward early adopters of the network who participated in the testnet on CoinList.
6-month linear vesting after TGE.Testnet Worker1Allocated to reward early node operators in the network who participated in the testnet on CoinList.
12-months lockup after TGE, followed by a 24-month linear vesting.
*Please note that all figures are approximate based on date estimates, and may be impacted by alternate dates and other events.

Project Roadmap

Subsquid Ecosystem

Subsquid is unique among data platforms and providers through its commitment to developer-friendly decentralization. For that reason, the network’s intrinsic modularity is combined with a continuously growing ecosystem of popular tools, seamlessly integrated or fully compatible with the decentralized data lake.
Presently, developers can access Subsquid Network using their preferred programming language and frameworks. They can retrieve data from virtually any source and route it to custom targets. This remarkable flexibility not only empowers Web3-native developers but also unlocks potential for large enterprise use cases.