SKALE
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 2 |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Ethereum |
Token | SKALE |
Native Token Ticker | $SKL |
Smallest Unit | wei (1 SKL = 10^18 wei OR 10^9 Gwei) |
ARR or APY | ~12% |
Max Supply | 7B (capped supply) |
Delegation Requirements (Min-Max) | There is no minimum or maximum delegation requirement however validators may specify what is the minimum delegation that they accept |
Stake Activation Period | 1st of the upcoming month at 00:00 UTC |
Reward Distribution Period | Every epoch (1 epoch = 1 calendar month), Distributed every month and will be available for delegators to claim every 1st day of each month. |
Compounding | Manual |
Compounding Frequency | Redelegate rewards after claiming |
Unbonding Period | No unbonding period. Undelegation requests are processed at the end of each month. |
Lockup Period | Staked tokens are locked during the selected staking period length |
Penalties and Slashing | Yes - For Double-signing and Downtime |
Burn Mechanism | |
Validator Self-Bond Requirement | No minimum bonding is needed for a validator. However, a minimum of 20 million SKL staking is required to set up a node, either self delegated or from others. |
Inflation | Token inflation was set at 9.3% in year one and gradually descend over the span of 6 years |
Validator Set Diversity | Any validator can join the SKALE Network if they fulfill technical and staking requirements. Currently, 27 validator operators running 81 validator nodes. |
Governance Mechanism | On-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | Solidity |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | |
Transaction Finality | ~10 seconds |
Link to Explorer(s) | https://portal.skale.space/chains, https://green-giddy-denebola.explorer.mainnet.skalenodes.com/ |
Testnet Faucet | |
Figment’s Public Validator Address |
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Figment Staking Guide | |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Ledger, Metamask |
CoinGecko Profile |
Updated 3 days ago