Klaytn

Time factors

Protocol timeHuman readable time

Protocol time 1

Block

1 second

Protocol time 2

Cycle (= 86,400 blocks)

24 hours

First reward delay

2 cycles

48 hours

Reward frequency

Every block

1 second

Unbonding period

1 week

7 days

  • The protocol has an implicit block time target of 1 second. However, this is not an enforced parameter and block times can fluctuate depending on network conditions.

Lifecycle

Must know before staking

Minimum stake amount

βœ…

5,000,000 KLAY

Partial stake changes

βœ…

Partial reward withdrawal

❌

Compounding

❌

Penalty

❌

Slashing

❌

  • No delegations. The protocol does not support delegations. Stakers must run a validator or use third party apps that lets them stake with existing validators.

  • All transaction fees are burned.

Advanced topics

Rewards

  • Rewards come from newly issued tokens.

    • Fixed number of tokens issued every block. The protocol issues 6.4 KLAY per block. 10% goes to the block proposer, 40% goes to all stakers, 20% goes to the Klaytn Growth Fund, and 30% goes to the Klaytn Improvement Reserve.

Risks

  • The protocol does not have any penalties or slashing.

  • Since the protocol does not natively support delegations, stakers need to rely on third party apps, which have their own sets of terms and conditions.

Validators

Total validator cap

❌

Validator requirements

βœ…

5,000,000 KLAY

  • A validator must go through a qualification review process by Klaytn’s governance in order to become part of the active validator set.

Resources

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