🎚 Protocol Parameters

Off-Chain

USDRelayTargetRange

Current Value: $0.00036–0.00059 per relay

The range of USD/relay prices the DAO doesn’t want the real price of a relay to exceed, accounting for the USD price of POKT.

ReturnOnInvestmentTarget

Current Value: 10 months

How long the DAO wants it to take for the USD/relay price to be achieved, since the cost basis of a relay decreases over the lifetime of an app stake.

Application Module

ApplicationStakeMinimum

Current Value: 1000000

The minimum stake required of an app, denominated in StakeDenom. This does not have the same economic security requirements as a node's minimum stake because an app's access to the network (relay throughput) is already proportional to the stake.

AppUnstakingTime

Current Value: 1814000000000000

The time, in seconds, that an app must wait after initiating an unstake before they can use the POKT for anything else.

BaseRelaysPerPOKT

Current Value: 167

The number of relays that an app is entitled to for every POKT it stakes, multiplied by 100.

The formula for calculating the MaxRelays an app is entitled to is

MaxRelays=StabilityAdjustment+(ParticipationRateβˆ—BaseThroughput)MaxRelays = StabilityAdjustment + (ParticipationRate * BaseThroughput)

Where BaseThroughput is

(BaseRelaysPerPOKT/100)βˆ—StakedPOKT(BaseRelaysPerPOKT/100) * StakedPOKT

The /100 is included in the formula to enable the DAO to make more granular adjustments, since the protocol is unable to use decimal numbers.

In practice, this means if the BaseRelaysPerPOKT parameter is 100 then the baseline throughput that apps are entitled to is 1 relay per POKT.

MaxApplications

Current Value: 9223372036854775807

The number of staked applications that the protocol allows.

MaximumChains

Current Value: 15

An app can only be configured for up to this many chains on one stake.

ParticipationRateOn

Current Value: false

The protocol may adjust an application's MaxRelays at the time of staking according to network-wide stake rates, where the ParticipationRate acts as a proxy for utilization of the network on a block by block basis.

MaxRelays=StabilityAdjustment+(ParticipationRateβˆ—BaseThroughput)MaxRelays = StabilityAdjustment + (ParticipationRate * BaseThroughput)

This parameter was set to false at genesis and will only be activated if the DAO decides.

StabilityAdjustment

Current Value: 0

The DAO may manually adjust an application's MaxRelays at the time of staking to correct for short-term fluctuations in the price of POKT, which may not be reflected in ParticipationRate.

MaxRelays=StabilityAdjustment+(ParticipationRateβˆ—BaseThroughput)MaxRelays = StabilityAdjustment + (ParticipationRate * BaseThroughput)

When this parameter is set to 0, no adjustment is being made.

PoS (Node) Module

BlocksPerSession

Current Value: 4

The number of blocks allowed before a Session tumbles.

DAOAllocation

Current Value: 10

The DAO treasury earns this % of all POKT block rewards.

DAOOwner

Current Value: a83172b67b5ffbfcb8acb95acc0fd0466a9d4bc4

The account which has the permission to submit governance transactions on behalf of the DAO.

DowntimeJailDuration

Current Value: 3600000000000

The amount of time (in nanoseconds) before a node can unjail and resume service.

MaxEvidenceAge

Current Value: 120000000000

The amount of time (in nanoseconds) a node has to submit their Tendermint evidence in memory before it expires.

MaximumChains

Current Value: 15

A node can only be configured for up to this many chains on one stake.

MaxJailedBlocks

Current Value: 37960

The amount of time (in blocks) a node has to unjail before being force unstaked and slashed.

Warning: Reaching MaxJailedBlocks will result in a node's entire stake being slashed.

MaxValidators

Current Value: 50,000

The number of staked nodes that the protocol allows.

MinSignedPerWindow

Current Value: 0.6

The minimum proportion of the SignedBlocksWindow that a node must sign to stay out of jail.

If SignedBlocksWindow is 10 and MinSignedPerWindow is 0.6, this means a node can miss up to 4 blocks out of every 10 blocks before it is jailed.

ProposerAllocation

Current Value: 1

Block proposers earn this % of the POKT block reward.

RelaysToTokensMultiplier

Current Value: 10000

The amount of POKT, denominated in StakeDenom, that is minted as block rewards per relay.

SignedBlocksWindow

Current Value: 10

The number of consecutive blocks within which the MinSignedPerWindow proportion of blocks must be signed by a node to stay out of jail.

If SignedBlocksWindow is 10 and MinSignedPerWindow is 0.6, this means a node can miss up to 4 blocks out of every 10 blocks before it is jailed.

SlashFractionDoubleSign

Current Value: 0.000001

The % of a node's stake that is burned for double signing, where 1 is 100%.

SlashFractionDowntime

Current Value: 0.000001

The % of a node's stake that is burned for downtime, where 1 is 100%.

StakeDenom

Current Value: upokt

POKT amounts are defined by the protocol in this denomination as defined by:

StakeMinimum

Current Value: 15000000000

The minimum stake required of a node, denominated in StakeDenom, for the economic security of the protocol.

UnstakingTime

Current Value: 1814000000000000

The time, in seconds, that a node must wait after initiating an unstake before they can use the POKT for anything else.

Pocket Core Module

ClaimExpiration

Current Value: 120

The amount of time (in blocks) a node has to submit a proof for an already existing claim.

MinimumNumberOfProofs

Current Value: 10

The minimum number of relays a node must have for a claim and proof to be payable.

ProofWaitingPeriod

Current Value: 3

The minimum amount of time (in Sessions) a node must wait to submit a proof for an existing claim.

ReplayAttackBurnMultiplier

Current Value: 3

The multiplier slash factor for submitting a replay attack. The base slash is directly proportional to the amount of relays claimed.

SessionNodeCount

Current Value: 5

The number of nodes an app will be matched with in a session.

SupportedBlockchains

Only blockchains with sybil-resistant demand from apps are whitelisted to generate revenue for nodes.

Auth Module

FeeMultiplier

Current Value: 1

The multiplier factor for each transaction type. The base transaction fee is universally set at 10,000 uPOKT.

MaxMemoCharacters

Current Value: 75

The character limit of transaction memos.

TxSigLimit

Current Value: 8

The maximum number of signatures that a multi-sig account can have.