Band Protocol
Specifications | Details |
|---|---|
Platform (underlying architecture) | Oracle (built on top of BandChain) |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Cosmos |
Token | BAND |
Native Token Ticker | $BAND |
Smallest Unit | uBAND (micro BAND, 1 BAND = 10^6 uBAND) |
ARR or APY | ~13% |
Max Supply | ∞ |
Delegation Requirements (Min-Max) | No minimum and maximum limit |
Stake Activation Period | None |
Reward Distribution Period | Every block (~3 seconds) |
Compounding | Manual |
Compounding Frequency | Rewards can be relegated as earned. It requires manual claiming of rewards and then redelegating them back to the same validator |
Unbonding Period | 21 days |
Lockup Period | None |
Penalties and Slashing | Yes - 5% slashing for double-signing and 0.01% slashing + jailed for excessive downtime |
Burn Mechanism | None |
Validator Self-Bond Requirement | 1 BAND is required for setup |
Inflation | 7.88% |
Validator Set Diversity | Currently, BAND protocol’s active validator set is comprised of the top 100 validator candidates with the most token staked to them. |
Governance Mechanism | On-chain governance |
Smart Contract Support | |
Smart Contract Programming Language | |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | |
Transaction Finality | ~3 seconds |
Link to Explorer(s) | https://www.cosmoscan.io/, https://www.mintscan.io/band , https://atomscan.com/band-protocol |
Testnet Faucet | Check HERE |
Figment’s Public Validator Address |
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Figment Staking Guide | |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Ledger |
CoinGecko Profile |
Updated 3 days ago