The Gasp network is a peer-to-peer system designed for exchanging cryptocurrencies between blockchains (including L2s). The Gasp network is a blockchain itself, implemented as a L2 (Layer 2) on Ethereum using Eigenlayer restaked security. The network's operations are censorship resistant, prioritizing security, self-custody, and guarantee of liquidity withdrawal through Gasp's escape hatch mechanism. It functions without any trusted intermediaries.

GASP is a token that powers the Gasp network. GASP's main function is to facilitate exchange transactions within the Gasp network through staking. Staking GASP tokens ensures that the Gasp network is always operational while remains censorship resistant; whilst also determining transaction throughput. The larger a user's GASP stake, the more transaction throughput they will unlock within the Gasp network.