# Waves SRB

WAVESSRB is a benchmark representing the mean, annualized staking rate across all active Waves nodes.

WAVESSRB is calculated and published by Staking Rewards via the [Waves Profile](https://www.stakingrewards.com/asset/waves) and [Data API](https://www.stakingrewards.com/data-api).

> **TL;DR:** Waves staking rewards combine three sources: 1/3 of annual provisions allocated to generating nodes, block rewards distributed to the Waves DAO, and monthly transaction fees -- all divided by total staked tokens.

### WAVES Staking Rewards Rate: WAVESSRB

$$
WAVESSRB = ((ap \* vs)  + (bn \* wdlp)+(mf\*t\_m))/st
$$

<table><thead><tr><th width="149">Formula key</th><th width="180">Metric name</th><th>Description</th></tr></thead><tbody><tr><td>ap</td><td>Annual Provisions</td><td>The total amount of tokens emitted per year.</td></tr><tr><td>vs</td><td>Validator Share</td><td>The amount of annual provisions allocated to generating nodes, set to 1/3.</td></tr><tr><td>bn</td><td>Number of Blocks</td><td>The number of Waves blocks created per year.</td></tr><tr><td>wdlp</td><td>Waves DAO LP Tokens</td><td>The share of the block reward distributed to the Waves DAO treasury.</td></tr><tr><td>mf</td><td>Monthly Fees</td><td>The number of tokens paid as transaction fees.</td></tr><tr><td><span class="math">t_m</span></td><td>Month Constant</td><td>12m</td></tr><tr><td>st</td><td>Staked Tokens</td><td>The total tokens staked with generating nodes.</td></tr></tbody></table>

#### Slashing

* WAVESSRB does not factor in the possibility of slashing occurrences.
* It's important to note that if validator entities face slashing, rewards will increase, as the slashed tokens are reallocated among validators.

***

### WAVES Validator Staking Reward Rate: WAVESSRB(v)

Staking Rewards calculates the WAVESSRB for each node based on blocks generated, DAO rewards, accrued fees, and commission rate.

$$
WAVESSRB(v) = (br +dr+fr) \*(1-cr)
$$

<table><thead><tr><th width="142">Formula key</th><th width="198">Metric name</th><th>Description</th></tr></thead><tbody><tr><td>br</td><td>Block Rewards</td><td>The rewards earned from generating blocks.</td></tr><tr><td>dr</td><td>DAO Rewards</td><td>The rewards earned from WAVESDLP. Each generated block yields 2 WAVESDLP tokens.</td></tr><tr><td>fr<span class="math">dt_1</span></td><td>Fee Rewards</td><td>The rewards earned from transaction fees.</td></tr><tr><td>cr</td><td>Commission Rate</td><td>The percentage commission rate the node has set.</td></tr></tbody></table>

***

#### Observation Period:

* The WAVESSRB is determined based on the latest generated block at the point of evaluation.
* This data is then annualized for a comprehensive year-long projection.

#### Calculation

The calculation happens every 2 hours and is immediately published via [Data API](https://www.stakingrewards.com/data-api).

***

### WAVES Real Reward Rate: WAVESSRB^R

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

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

<table><thead><tr><th width="140">Formula key</th><th width="144">Metric name</th><th>Description</th></tr></thead><tbody><tr><td>ir</td><td>Inflation Rate</td><td>The annual provisions divided by the circulating supply.</td></tr></tbody></table>

**Inflation Rate Behavior**

* The issuance of new WAVES tokens equals 6 WAVES per block.

***

### Other Waves metrics calculated by Staking Rewards:

<table><thead><tr><th width="190">Metric</th><th>Description</th></tr></thead><tbody><tr><td>Delegated Tokens</td><td>The number of WAVES tokens leased to generating nodes.</td></tr><tr><td>Staking Wallets</td><td>The total number of unique delegations on-chain. It doesn't distinguish based on unique delegator addresses.</td></tr></tbody></table>

#### Data Sources:

* [Staking Rewards](https://www.stakingrewards.com/) from indexed Waves Blockchain RPC Endpoints

***

#### References:

* <https://docs.waves.tech/en/>

***

:books:[ Learn more about WAVES Staking](https://www.stakingrewards.com/asset/waves)

:bar\_chart: [Calculate your WAVES Staking Rewards](https://www.stakingrewards.com/calculator?asset=waves)

:gear: [Access historic Waves Staking Data via API](https://www.stakingrewards.com/data-api)

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Last updated on 08/27/2024
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