What is KILT?
KILT is an open-source FAT blockchain protocol that provides a base layer for verifiable, revocable and anonymous credentials in the Web 3.0 world. It allows users to claim arbitrary attributes about themselves, get them attested by trusted entities, and store the claims as self-sovereign and trusted credentials (certificates) without revealing any private information.
KILT Staking Rewards
Collator & Delegator
Collator's Staking Rewards
The staking rewards for collators are based on a maximum of 10% (maxCollatorStakeRate) of the total number of issued coins to date, staked by all collators.
For each collator candidate the minimum self-stake is 10 thousand KILT Coins while the maximum is 200 thousand KILT. The system prevents collators from staking more than 200 thousand KILT.
Collator rewards are up to 10% per annum on their stake in the first year, decreasing by 2% per year. The block reward thus is as follows where t is full years from TGE:
Delegator's Staking Rewards
Similarly, the staking rewards for delegators are based on a maximum of 40% (maxDelegatorStakeRate) of the total number of issued coins to date staked by all delegators. If the actual staking rate is higher than the maximum, all delegator rewards are reduced accordingly such that the total inflation due to block rewards is capped.
For each delegator the minimum stake is one thousand KILT and there is no maximum.
Delegator rewards are up to 8% per annum on their stake in the first year, 6% in the second year, and no reward starting from the third year:
Reward per block paid to delegators who back successful collators is: