⚜️Hedera SRB
The SRB Reward Rate for Hedera is a benchmark that represents the annualized staking rate for the HBAR token.
It is calculated and published by Staking Rewards via the HBAR asset page and Staking Data API.
Hedera is the open source, leaderless proof-of-stake network powering the next generation of the web. Hedera’s robust ecosystem is built by its global developer community, on a network governed by a decentralized Governing Council of industry-leading web3 projects, enterprises, and higher education institutions. Hedera offers developers and retail users the ability to use, build, and deploy decentralized applications using EVM-based smart contracts, as well as native tokenization and decentralized logging services.
Token | HBAR | |
Consensus | Hashgraph | |
Staking Lock Up | - | |
Minimum Stake | - | |
Slashing Penalties | - | |
Validator Set | Permissioned Set |
Token Utility
HBAR is the native token of the Hedera Hashgraph network that is used to carry out the key functions of the platform as detailed below:
Staking: Users can stake HBAR up to contribute to the security of the Hedera Hashgraph Network and earn staking rewards in return.
Gas token: HBAR is used for transaction fees. For every transaction submitted to the network, HBAR is used to pay fees that compensate validator nodes for bandwidth, compute, and storage.
There are three major benefits to staking on Hedera: 1. There is no lock-up period. 2. There are no risks of slashing. 3. There are no validator commission fees.
Methodology
Every individual network implements its unique approach to handling inflation rates, providing staking rewards, and managing tokenomics.
1. Network Metrics
Specific Numbers and Stats of the network. In order to comprehend the reward options and inflation, it is crucial to have a clear understanding of the source of these metrics.
Staked Tokens | 34.7b HBAR | The total number of tokens that are currently being staked across Hedera. https://mainnet-public.mirrornode.hedera.com/api/v1/network/stake |
Daily Reward per HBAR | 0.00017808 HBAR | Fix reward rate per staked HBAR per day. It's based on the staking reward account (mainnet account 0.0.800), which will distribute rewards. This account can be funded by anyone who chooses to donate and will distribute rewards to stakers once it reached the minimum threshold of 250M HBAR. The HBAR Foundation donated HBAR to account 0.0.800 to help it reach the minimum threshold but is not and may not be the only entity that donates to that account. 1 billion HBAR is currently distributed for staking rewards per annum. https://mainnet-public.mirrornode.hedera.com/api/v1/network/stake |
Staked HBAR Reward Ratio | 15% | The number of accounts that claim their staking rewards. It is worth noting that this number is relatively low because all foundation accounts do not claim rewards. https://mainnet-public.mirrornode.hedera.com/api/v1/network/nodes |
Maxmium Stake Nodes | 1,78M HBAR | The maximum amount of HBAR that can be staked with a node. https://mainnet-public.mirrornode.hedera.com/api/v1/network/nodes |
Minimum Stake Nodes | 0.45M HBAR | The minimum amount of HBAR that is needed to run a node. https://mainnet-public.mirrornode.hedera.com/api/v1/network/nodes |
Stader Epoch Rewards | 25,000 HBAR | Incentive program to stake HBAR with Stader, HBAR tokens are emitted to liquid stakers. |
Stader HBAR TVL | 450M | The amount of HBAR staked with Stader. https://universe.staderlabs.com/common/tvl |
Protocol Fees | 200k-300k daily HBAR | We take into account all fees paid on the network. Specifically, we monitor the fees associated with Account 0.0.98 to determine the fees generated for network and services. Additionally, we analyze the Node fees to identify the operation fees paid directly to the node for accepting transactions. https://mainnet-public.mirrornode.hedera.com/api/v1/network/nodes & https://mainnet-public.mirrornode.hedera.com/api/v1/balances?account.id=[account.id]×tamp=[timestamp] |
2. Staking Options and Inflation
Overview of staking options of the asset and its inflation. When it comes to selecting reward options, there are a variety of network metrics that can be taken into consideration. These metrics may include emission schedules and transaction fees, among others. We view alterations in the circulating supply as inflation, which is determined by network statistics such as emissions, token burns, and mints.
| Staking Type | Calculation |
|---|---|
Native Stake to Governing Council Node | Daily Reward per HBAR * 365 days * 100 (%) = 6.5% Native Staking Option for Hedera |
Liquid Stake Hbar | (Daily Reward per HBAR * 365 days + (Stader Epoch Rewards * 365 days/ Stader HBAR TVL)) * 100 (%) Staking with Stader is incentivized with additional HBAR |
Inflation of the Circulating HBAR Supply | (Daily Reward per HBAR * HBAR Staked Rewarded + Stader Epoch Rewards) * 365 days * 100 (%) / Circulating Supply = 1.2% Increase in Circulating Supply over 1 year period The amounf of HBAR Staked Not Rewarded is going back to account 008, as they are not burned, they go not negatively into inflation! |
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