Zilliqa

Time factors

	Protocol time	Human readable time
Protocol time 1	Block	30 seconds
Protocol time 2	Cycle (= 2,200 blocks)	18.33 hours
First reward delay	1 cycle	18.33 hours
Reward frequency	End of every cycle	18.33 hours
Unbonding period	30,800 blocks	14 days

• Block times are not fixed. Cycles have been clocking closer to 24 hours.

Lifecycle

Must know before staking

Minimum stake amount	✅	10 ZIL
Partial stake changes	❌
Partial reward withdrawal	❌
Compounding	❌
Penalty	❌
Slashing	❌

Advanced topics

General

• The protocol uses staking to incentivize seed node operators. Seed nodes serve as the access point to the protocol, forwarding transactions received from users.

  • Seed nodes do not participate in the network’s consensus.

• Delegators can transfer their entire stake and rewards to a new address without waiting for the unbonding period by requesting a RequestDelegatorSwap.

Rewards

• Rewards come from newly issued tokens.

  • Fixed issuance per every 100 blocks. The protocol issues 204,000 of new tokens. 60% is distributed to the miners securing the protocol. The remaining 40% gets distributed to the staked seed nodes and their delegators.

• Factors that impact realized rewards.

  • Commissions.

Risks

• The protocol does not have any penalties or slashing mechanism.

Validators

Total validator cap	✅	30
Validator requirements	✅	10,000,000 ZIL

Resources

• Zilliqa documentation: https://dev.zilliqa.com/

• Zilliqa explorer: https://viewblock.io/zilliqa