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

Last modified 7mo ago