㊙️Secret SRB

Secret Network Staking Rewards Benchmark (SCRTSRB™) Methodology

SCRTSRB is a benchmark representing the mean, annualized staking rate across all active Secret Network validators.

SCRTSRB is calculated and published by Staking Rewards via the Secret Network 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

SCRT Staking Rewards Rate: SCRTSRB

$$SCRTSRB = ATOMSRB$$

Cosmos Hub SRB | Staking Data

ATOM Staking Rewards Rate

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SCRT Validator Staking Rewards Rate: SCRTSRB(v)

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

$$SCRTSRB(v) = ATOMSRB(v)$$

Cosmos Hub SRB | Staking Data

ATOM Validator Staking Rewards Rate

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SCRT Real Reward Rate: SCRTSRB^R

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

$$SCRTSRB^R = ATOMSRB^R$$

Cosmos Hub SRB | Staking Data

ATOM Real Reward Rate

Inflation Rate Behavior

• Secret Network's inflation parameters are designed to balance token supply and staking participation. The annual inflation rate for SCRT ranges between a minimum of 5% and a maximum of 10%, with an inflation rate change set at 13%. The network aims to have 67% of SCRT tokens bonded to maintain network security, with adjustments made over time to encourage this target.

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Other Secret Network 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 Secret Network Blocks and Blockchain RPC Endpoints.

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References:

• https://docs.scrt.network/secret-network-documentation

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Last updated on 10/28/2024