✉️Near 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.

$$NEARSRB = rpy / st$$

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

1. Currently, slashing is not implemented in the Near Protocol

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NEAR Validator Staking Reward Rate: NEARSRB(v)

Staking Rewards calculates the NEARSRB for each validator based on their individual commission rate.

$$NEARSRB(v) = NEARSRB * (1 - c)$$

Formula key	Metric name	Description
c	Commission	The fee imposed by a specific validator to its delegators.

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Observation Period:

1. The NEARSRB is determined based on the latest generated block at the evaluation point.

2. 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

1. 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.

$$NEARSRB^R=1 +NEARSRB/(1+ir) -1$$

Formula key	Metric name	Description
ir	Inflation Rate	The annual rate at which supply increases. This value is equal to the annual emissions.

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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:

• Near Documentation
• Staking Rewards NEAR profile

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Last updated on 22/10/2024