🔀Fluence SRB

Fluence Staking Rewards Benchmark (Fluence SRB™) Methodology

FluenceSRB is a benchmark that represents the reward rate of staking the asset.

FluenceSRB is calculated and published by Staking Rewards via the Fluence Profile and Staking Data API.

FluenceSRB=(fa×fp+(0.33×cu))×0.2FluenceSRB = ( fa ​ ×fp ​ +(0.33×cu ​ ) ​ )×0.2
Formula key
Metric name
Description

fa

FLT earned

Total staking rewards to be paid out during the current Block

fp

FLTPrice

Sum of all the FLT staked by all the participants in the network.

cu

CUCount

Number of CUs assigned to a specific Capacity Commitment (CC).

Slashing

  • The slashing rate for one failed epoch per Compute Unit (CU) is set to 0% for the first month of the Mainnet, with plans to increase it in the future.

  • Slashing penalizes Capacity Commitments when CUs fail to prove their claimed capacity or act maliciously against the network. As a security measure, the collateral locked in the Capacity Commitment ensures that the Peer consistently submits the required number of proofs for each CU in every epoch throughout the commitment's duration.

  • A portion of slashed funds is rewarded to those who report violations, while the rest goes to the If a Peer fails to submit the required proofs for some CUs during an epoch, the CC collateral is slashed based on the slashing rate at the end of the epoch.

    The total amount of collateral slashed is determined by the formula:

    TotalSlashedCollateral=TotalFailCount×CollateralPerUnit×SlashingRateTotalSlashedCollateral=TotalFailCount×CollateralPerUnit×SlashingRate

FluenceSRB Validators Staking Reward Rate: FluenceSRB (v)

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

FluenceSRB(v)=FluenceSRB(1cr)FluenceSRB(v) = FluenceSRB* (1-cr)
Formula key
Metric name
Description

cr

Commission Rate

The percentage commission rate the validator has set as a delegation fee for all delegators

Observation Period:

  • The FluenceSRB is determined based on the latest generated block at the point of evaluation, with each epoch corresponding to 1 day.

  • 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

  • FluenceSRB does not guarantee the specified reward rate for individual validators, as it is subject to various factors such as network conditions, validator performance, and adherence to protocol rules.

  • FluenceSRB's annual projections are estimates and may fluctuate due to changes in network participation, Ethereum usage patterns, and evolving network dynamics, making long-term predictions inherently uncertain.

FluenceSRB Real Reward Rate: FluenceSRB ^R

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

FluenceSRBR=1+FluenceSRB/(1+ir)1FluenceSRB ^R=1 + FluenceSRB /(1+ir) -1
Formula key
Metric name
Description

ir

Inflation Rate

The annual provisions divided by the circulating supply.


Other FluenceSRB metrics calculated by Staking Rewards:

Metric
Description

Staked tokens

The number of FLT tokens staked

Compute Units Total

Total number of Compute Units (CUs) available in the network

Total Ccs

Total number of active Capacity Commitments (CCs) in the network

Compute Units Count

Number of CUs assigned to a specific Capacity Commitment (CC).

Data Sources:


References:


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Last updated on 08/27/2024

Last updated