🧪ZetaChain SRB

ZETA Staking Rewards Benchmark (ZETASRB™) Methodology

ZETASRB is a benchmark representing the mean, annualized staking rate across all active ZETA validators.

ZETASRB is calculated and published by Staking Rewards via the ZetaChain Profile and Staking Data API.

ZETASRB=(dpap+dfty)/stZETASRB = (dp*ap + df*t_y ) / st
Formula keyMetric nameDescription

dp

Distribution Proportion

Distribution Proportion is the validator emissions percentage, currently set to 75%.

ap

Annual Provisions

The total amount of tokens emitted per year.

df

Daily Fees

The total number of ZETA tokens paid as transaction fees in the last 24 hours.

st

Staked Tokens

The total number of ZETA tokens bonded with active, non-jailed validators.

tyt_y

Year Constant

365d

  • ZETASRB takes into account all accumulated rewards, whether they have been claimed or remain unclaimed.

  • ZETASRB operates on a non-compounded basis, meaning it excludes returns generated from the reinvestment of rewards.

  • ZETASRB is based on an assumption of 100% validator efficiency. For a ZETASRB adjusted according to individual validator performance, please refer to ZETASRB(v).

Slashing

  1. ZETASRB does not factor in the possibility of slashing occurrences.

  2. It's important to note that if validator entities face slashing, rewards will increase, as the slashed ZETA tokens are reallocated among validators.


ZetaChain Validator Staking Rewards Rate: ZETASRB(v)

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

ZETASRB(v)=ZETASRB(1p)(1cr)ZETASRB(v) = ZETASRB * (1*p)*(1-cr)
Formula keyMetric nameDescription

p

Performance

The percentage of successfully validated blocks.

cr

Commission Rate

The percentage commission rate the validator has set as a delegation fee for all delegators.


Observation Period:

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

  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

ZETASRB employs a 365-day convention for annualizing current block provisions and daily fees. This convention remains consistent and does not accommodate adjustments for leap years.


ZETA Real Reward Rate (ZETASRB^R)

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

ZETASRBR=1+ZETASRB/(1+i)1ZETASRB^R = 1+ZETASRB /(1+i)-1
Formula keyMetric nameDescription

i

Inflation Rate

The annual provisions adjusted by the actual block time of the last 24h and divided by the total token supply in the network.

Inflation Rate Behaviour

After approximately 4 years after the TGE. based on a set curve, the protocol will plan to initiate a target of ~2.5% yearly inflation based on the current circulating supply, providing a mechanism to sustain the network into the future.


Other metrics calculated by Staking Rewards:

MetricDescription

Delegated Tokens

The number of tokens delegated to validators

Self Staked Tokens

The number of tokens staked by validators directly.

Staking Wallets

This metric refers to the total quantity of distinct delegations made. It doesn't distinguish based on unique delegator addresses and excludes considerations of any minimum delegation thresholds.


Data Sources:


References:


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Last updated on 05/23/2024

Last updated