🔲Saga SRB

Saga Staking Rewards Benchmark (SAGASRB™) Methodology

SAGASRB is a benchmark representing the mean, annualized staking rate across all active Saga validators.

SAGASRB is calculated and published by Staking Rewards via the Saga 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

SAGA Staking Rewards Rate: SAGASRB

SAGASRB = (ti*ts + df * t_y) * (1 - ct) / st

Formula Key

Metric Name

Description

Token Inflation

The annual inflation rate.

Total Supply

The total supply of tokens.

Daily Fees

The total number of tokens paid as transaction fees.

Community Tax

Community Tax is the percentage of inflation rewards and fees that are sent to the community pool at each block.

Staked Tokens

The total number of tokens bonded with active, non-jailed validators.

$t_y$

Year Constant

365d

SAGA Validator Staking Rewards Rate: SAGASRB(v)

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

SAGASRB(v) = ATOMSRB(v)

SAGA Real Reward Rate: SAGASRB^R

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

SAGASRB^R = ATOMSRB^R

Inflation Rate Behavior

To ensure sufficient economic security for the system, Saga employs a staking inflation schedule very similar to that of the Cosmos Hub. The network targets a specific stake rate by varying the inflation rate. The annual inflation is capped between minimum and maximum rates. If more than ⅔ of SAGA is staked, the block rewards decrease gradually down to a floor of a minimum rate of annualized inflation. If less than ⅔ of SAGA is staked, the block rewards increase gradually up to a ceiling of a maximum annualized inflation.

Other Saga 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.