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Document below for background on how we got here
FIP-21 for FIO Chain functionality: https://github.com/fioprotocol/fips/blob/master/fip-0021.md
Reward modeling: SRT modeling spreadsheet and analysis
Go-to-market plan: Staking go-to-market
Discussion: Discord Staking channel
Page directory
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Initiative Committee
Pawel Mastalerz David Gold Luke Stokes Eric Butz George Worrell
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Tokens staked.
Other protocol’s staking
Protocol | Staking purpose | Source of staking rewards | Has lock | Has un-staking period | Requires a transfer out of account | Allows partial account balance staking | Staking reward | ||||||||||||||||
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Staked pools produce blocks. Block production is influenced by stake size. Tokens can be pledged by pool operator or delegate to a pool by token holder. |
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Tokens pledged by stake pool operator can be changed every epoch (5 days) |
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| 3-6% | |||||||||||||||||
Block publishing (baking) rights are influenced by stake size. Tokens are delegated to bakers. |
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Baker’s security deposit has a ~10 day lock |
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| 5-10% | |||||||||||||||||
Bonded validators sign blocks. Token holders can delegate stake to validators. |
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| 5-7% | |||||||||||||||||
Algorand | Stakers are randomly selected to add blocks. All token holders receive staking rewards, even if they choose not to add blocks. |
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| 5-8% | ||||||||||||||||
EOS core | Get network resources | N/A |
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| N/A | ||||||||||||||||
EOS off-core | Vote for BPs in exchange for share of inflation rewards |
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| May vary |
Proposed Functionality
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Staking will be incorporated into the future Dashboard
A wallet could build a simple UX without the complexity of voting, by simply saying “click here to stake” and behind the scenes the tokens would be proxied.
Rewards can be computed real-time based on current SRT balance and Rate of Exchange.
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