Agoric

Time factors

	Protocol time	Human readable time
Protocol time	Block	5 seconds
First reward delay	1 block	5 seconds
Reward frequency	Every block	5 seconds
Unbonding period	21 days	21 days

• Block times are not fixed.

Lifecycle

Must know before staking

Minimum stake amount	❌
Partial stake changes	✅
Partial reward withdrawal	❌
Compounding	❌
Penalty	✅	Offline
Slashing	✅	Equivocation - 5%

• Redelegation without unstaking. The protocol allows stakers to switch their validators without having to unstake and then stake again. The redelegation function can be used only once every 21 days.

Advanced topics

General

• Governance power delegation. By staking with a validator, stakers are delegating governance power to that validator as well. Stakers have the option to overwrite their validator’s governance vote.

Rewards

• Rewards come from newly issued tokens and transaction fees.

  • Fixed inflation rate applied to total token supply. 5% of total supply is newly issued by the protocol and distributed to stakers.

• Factors that impact realized rewards.

  • Commissions.

Risks

• Penalty. A validator that fails to be online for 250 blocks out of the most recent 5,000 blocks will be considered offline. The offline validator will be kicked off the active validator set and will be able to join after 10 minutes has passed.

• Slashing. A validator that attests to two different blocks will be slashed. Stakers of a slashed validator will lose 5% of their stake. The slashed validator will be indefinitely kicked off the active validator set and will need to create a new validator.

Validators

Total validator cap	✅	100
Validator requirements	❌

Resources

• Agoric documentation: https://docs.agoric.com/

• Agoric explorer: https://bigdipper.live/agoric