Celestia

Time factors

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

Lifecycle

Must know before staking

Minimum stake amount
Partial stake changes
Partial reward withdrawal
Compounding
Penalty
Offline
Slashing
Equivocation - 2%
  • 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

Rewards

  • Rewards come from newly issued tokens and transaction fees.
    • Decreasing number of tokens issued per year. Inflation begins at 8% and drops each year by 10% until the inflation rate reaches 1.5%. The inflation rate is applied to the beginning total supply of each year. For example, at genesis, Celestia had a total supply of 1 billion TIA and an inflation rate of 8%. For year 1, only 80 million TIA will be issued. 2% of the newly issued tokens is sent to the community pool before the rest is distributed as staking rewards.
  • Factors that impact realized rewards.
    • Commissions.

Risks

  • Penalty. A validator that fails to be online for 3,750 blocks out of the most recent 5,000 blocks will be considered offline. The offline validator will kicked off the active validator set and will be able to join after 1 minute has passed.
  • Slashing. A validator that attests to two different blocks will be slashed. Stakers of a slashed validator will lose 2% 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
  • Minimum commissions. A validator cannot set a commission rate lower than 5%.

Resources

Last modified 3mo ago