Stafi
APR 18.89%
mainnet
Fees 10.00 %
Market Cap$19,036,290Price$0.344
RewardsEvery 6 hours on average (every 1 era)
APR18.89%
Lock-up period7 days (28 eras)
CompoundingCompounding is automatic as rewards are sent to the delegator account, increasing its voting power.
Stakin proceeds to claim transactions every 4 days. Nominators can manually do a claim transaction if they wish to claim earlier. The process is fully non-custodial, and rewards are sent from the blockchain to the nominator’s address.
Slashing riskThere are 4 Levels of Slashing Risks on Stafi
• Level 1: isolated unresponsiveness, i.e., being offline for an entire epoch (4 hours). Generally, no slashing.
• Level 2: concurrent unresponsiveness (coordinated downtime) or isolated equivocation (double signing). A small amount of the stake is slashed (up to 1%) but ultimately dependent on how many nodes are simultaneously down. The validator is removed from the active set for the next epoch (chilling).
• Level 3: misconducts unlikely to be accidental but which do not harm the network's security. Examples include concurrent equivocation or isolated cases of unjustified voting. Again, slashing up to 10%, followed by ‘chilling’.
• Level 4: misconduct that poses severe security or monetary risk to the system or mass collusion. Risk of an entire delegation being slashed, followed by ‘chilling.’
To mitigate downtime risks, Stakin uses a redundant infrastructure with 24/7 monitoring and alerting. Double signing risks are mitigated with a manual redundancy process, as most double signing occurs due to a deficient automated redundancy process.
For slashing caused by protocol bugs, Stakin will use its best endeavours to recover the funds and influence protocol governance, including coordinating an on-chain motion.
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