🎮Near-Protocol SRB
NEAR Staking Rewards Benchmark (NEARSRB™) Methodology
NEARSRB is a benchmark representing the mean, annualized staking rate across all active Near-Protocol validators.
NEARSRB is calculated and published by Staking Rewards via the Near Profile and Staking Data API.
| Formula key | Metric name | Description |
|---|---|---|
rpy | Rewards per Year | The Near-Protocol has established a 5% inflation rate, of which 90% (4.5% of total supply) goes to validators as rewards. |
epst | Staked Tokens | The total amount of staked NEAR in the protocol's active validator set. |
Slashing
Currently, slashing is not implemented in the Near Protocol
NEAR Validator Staking Reward Rate: NEARSRB(v)
Staking Rewards calculates the NEARSRB for each validator based on their individual commission rate.
| Formula key | Metric name | Description |
|---|---|---|
c | Commission | The fee imposed by a specific validator to its delegators. |
Observation Period:
The NEARSRB is determined based on the latest generated block at the evaluation point.
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
NEARSRB employs a 365-day convention for annualizing current slot times. This convention remains consistent and does not accommodate adjustments for leap years.
NEAR Real Reward Rate: NEARSRB^R
The real reward rate calculates the APTSRB adjusted for inflation in the network.
| Formula key | Metric name | Description |
|---|---|---|
ir | Inflation Rate | The annual rate at which supply increases. This value is equal to the annual emissions. |
Other NEAR metrics calculated by Staking Rewards:
| Metric | Description |
|---|---|
Delegated Tokens | The number of NEAR tokens delegated to validators. |
Self Staked Tokens | The number of NEAR tokens staked by validators directly. |
Staking Wallets | Total number of unique delegations onchain. It doesn't distinguish based on unique delegator addresses. |
References:
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