Aleo
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Aleo |
Token | ALEO |
Native Token Ticker | $ALEO |
Smallest Unit | Microcredit (1 credit = 1 million microcredits) |
ARR or APY | 10-11% |
Max Supply | ∞ |
Delegation Requirements (Min-Max) | Minimum - 10000 Aleo tokens. However, to earn staking rewards it’s must to stake at least 10 Aleo tokens. Maximum - No capped limit |
Stake Activation Period | Stakes becomes active immediately, allowing you to start earning rewards without delay |
Reward Distribution Period | Every block (~15 s) |
Compounding | Yes |
Compounding Frequency | Staking rewards are distributed every block and automatically added to the active stake |
Unbonding Period | Typically, the unbonding period lasts for 1 hour. If you're using the Leo Wallet, the unbonding period is defined as 360 blocks, which translates to approximately 3 hours. |
Lockup Period | In the Aleo network, the term "lockup period" is often used interchangeably with "unbonding period," referring to the time frame during which staked tokens remain inaccessible after initiating an unstaking request. There is a mandatory waiting period of 360 blocks, which equates to approximately 3 hours. |
Penalties and Slashing | Slashing penalties are not implemented |
Burn Mechanism | This mechanism operates primarily through transaction fees and specific platform activities. A small percentage of ALEO tokens is collected as transaction fees. A portion of these fees is subsequently burned |
Validator Self-Bond Requirement | 10M Aleo tokens |
Inflation | The inflation rate decreases over time from around 12% in year 1, to 2% in year 10, approaching 0% over time. |
Validator Set Diversity | 25 validators |
Governance Mechanism | On-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | |
Cross-chain Compatibility (Interoperability) | Aleo's interoperability is facilitated through its interoperability middleware layer, this acts as a bridge between different blockchain networks. This middleware enables seamless data and asset transfers across blockchains, enhancing the network's ability to interact with various platforms |
TPS (Transaction Throughput) | 50 |
Transaction Finality | Instant |
Link to Explorer(s) | |
Testnet Faucet | |
Figment’s Public Validator Address |
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Figment Staking Guide | |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | |
CoinGecko Profile |
Updated 3 days ago