⚖️Skale SRB

Learn how SKALE staking rewards are calculated. SKLSRB formula covers daily validator rewards, total staked SKL tokens, and annualized node yield.

SKLSRB is a benchmark representing the annualized staking rate for the SKL token.

SKLSRB is calculated and published by Staking Rewards via the SKL Profile and Data API.

TL;DR: SKALE staking rewards come from daily distributed validator rewards. The reward rate equals daily rewards annualized over 365 days divided by total staked SKL tokens. Validator-level rates are adjusted by commission.

$$SKLSRB = dr * t_y / st$$

Formula key	Metric name	Description
dr	Daily Reward	The calculated distributed daily rewards for all validators.
st	Staked Tokens	The total staked tokens amount.
$t_y$	Year Constant	365d

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Skale Validator Staking Rewards Rate: SKLSRB(v)

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

$$SKLSRB(v) = vr * t_y * (1 - cr) / vst$$

Formula key	Metric Name	Description
vr	Validator Rewards	The rewards collected by the validators.
cr	Commission Rate	The commission rate the validators has set as a delegation fee.
vst	Validator Staked Tokens	The stake of the validator in the network (investment).
$t_y$	Year Constant	365d

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Skale Real Reward Rate (SKLSRB^R)

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

$$SKLSRB^R = 1+SKLSRB/(1+i)-1$$

Formula Key	Metric name	Description
i	Inflation Rate	Total tokens added to the circulating supply in the last 365 days.

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Data Sources:

• Indexed Ethereum Data via Dune.

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References:

• https://docs.skale.network/

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📚 Learn more about SKL Staking

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Last updated on 05/23/2024