🕌Islamic Coin SRB

Islamic Coin Staking Rewards Benchmark (ISLMSRB™) Methodology

ISLMSRB is a benchmark representing the mean, annualized staking rate across all active Islamic Coin validators.

ISLMSRB is calculated and published by Staking Rewards via the Islamic Coin Profile and Staking Data API.

The calculations are derived from the ATOMSRB documentation, serving as the foundational reference to ensure the accuracy of relevant metrics.

For more information visit the ATOMSRB docs.

⚛️Cosmos Hub SRB

ISLM Staking Rewards Rate: ISLMSRB

$$ISLMSRB = rc /100 *(1-ct)$$

Formula Key	Metric Name	Description
rc	Reward Coefficient	It defines the coefficient used to calculate the inflation.
ct	Community Tax	Community Tax is the percentage of inflation rewards and fees that are sent to the community pool at each block.

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ISLM Validator Staking Rewards Rate: ISLMSRB(v)

Staking Rewards calculates the ISLMSRB for each validator based on their individual performance and commission rate.

$$ISLMSRB(v) = ATOMSRB(v)$$

Cosmos Hub SRB | Staking Data

ATOM Validator Staking Rewards Rate

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ISLM Real Reward Rate: ISLMSRB^R

The real reward rate calculates the ISLMSRB adjusted for inflation in the network.

$$ISLMSRB^R = ATOMSRB^R$$

Cosmos Hub SRB | Staking Data

ATOM Real Reward Rate

Inflation Rate Behavior

• ISLM supply is limited to 100 billion coins. Inflation is calculated as a percentage of total bonded coins which is a parameter Reward Coefficient controlled by governance and is initially set to 7.78% (i.e. expected to generate ~7% yield for staked ISLM).

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Other Islamic Coin metrics calculated by Staking Rewards

Metric	Description
Delegated Tokens	The number of tokens delegated to validators.
Self Staked Tokens	The number of tokens staked by validators directly.
Staking Wallets	This metric refers to the total quantity of distinct delegations made. It doesn't distinguish based on unique delegator addresses and excludes considerations of any minimum delegation thresholds.

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Data Sources:

• Staking Rewards from indexed Islamic Coin Blocks and Blockchain RPC Endpoints.

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References:

• https://docs.haqq.network/

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Last updated on 10/07/2024