💿Bittensor SRB
TAO Staking Rewards Benchmark (TAOSRB™) Methodology
TAOSRB is a benchmark representing the mean, annualized staking rate across all active Bittensor validators.
TAOSRB is calculated and published by Staking Rewards via the Bittensor Profile and Staking Data API.
| Formula key | Metric name | Description |
|---|---|---|
ae | Annual Emissions | The annual reward emissions established by the protocol. |
vrs | Validator Reward Share | The share of the emissions that are to be distributed to validators of the protocol. |
st | Staked Tokens | The sum of all staked tokens that are eligible for validator rewards. |
Slashing
TAOSRB does not factor in the possibility of slashing occurrences.
The Bittensor protocol applies slashing when validators act maliciously
TAO Validator Staking Reward Rate: TAOSRB(v)
Staking Rewards calculates the TAOSRB for each validator based on their individual performance and commission rate.
| Formula key | Metric name | Description |
|---|---|---|
dr | Daily Rewards | The rewards attributed to each validator based on performance, supported subnets, and staked tokens. |
c | Commission | The fee imposed by a specific validator to its delegators. |
Observation Period:
The TAOSRB is determined based on the latest generated block at the evaluation point.
This data is then annualized for a comprehensive year-long projection.
Calculation
The calculation happens every 2 hours and is immediately published via Staking Data API.
Limitations
TAOSRB employs a 365-day convention for annualizing current slot times. This convention remains consistent and does not accommodate adjustments for leap years.
TAO Real Reward Rate: SOLSRB^R
The real reward rate calculates the TAOSRB adjusted for inflation in the network.
| Formula key | Metric name | Description |
|---|---|---|
ir | Inflation Rate | The annual rate at which supply increases. This value is equal to the annual emissions. |
Other Bittensor metrics calculated by Staking Rewards:
| Metric | Description |
|---|---|
Delegated Tokens | The number of TAO tokens delegated to validators. |
Self Staked Tokens | The number of TAO tokens staked by validators directly. |
Staking Wallets | Total number of unique delegations onchain. It doesn't distinguish based on unique delegator addresses. |
References:
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