Sei

Time factors

	Protocol time	Human readable time
Protocol time	Block	0.35 seconds
First reward delay	1 block	0.35 seconds
Reward frequency	Every block	0.35 seconds
Unbonding period	21 days	21 days

Lifecycle

Must know before staking

Minimum stake amount	❌
Partial stake changes	✅
Partial reward withdrawal	❌
Compounding	❌
Penalty	⚠️	Offline
Slashing	❌

• 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.

  • Tokens released according to a fixed schedule. The protocol issues a fixed number of tokens each year that gets distributed to stakers.

    Start date	End date	Tokens released
    2023-08-15	2024-08-14	300,000,000
    2024-08-15	2025-08-14	225,000,000
    2025-08-15	2026-08-14	180,000,000
    2026-08-15	2027-08-14	165,000,000
    2027-08-15	2028-08-14	135,000,000
    2028-08-15	2029-08-14	120,000,000
    2029-08-15	2030-08-14	112,500,000
    2030-08-15	2031-08-14	112,500,000
    2031-08-15	2032-08-14	75,000,000
    2032-08-15	2033-08-14	75,000,000

• Factors that impact realized rewards.

  • Commissions.

Risks

• Penalty. A validator that fails to be online for 5,400 blocks out of the most recent 108,000 blocks will be considered offline. The offline validator will kicked off the active validator set and will be able to join after 10 minutes have passed.

Validators

Total validator cap	✅	35
Validator requirements	❌

• Validators cannot set a commission rate lower than 5%.

Resources

• Sei documentation: https://docs.sei.io/

• Sei explorer: https://www.seiscan.app/pacific-1