The On-Chain Innovation Funding (OCIF) protocol breathes new life into development & helps fuel innovation by directly incentivizing developers & creators of IP Sets. This includes the ability to stake IP Sets to the network in exchange for network fees (IP Staking), the ability to provide IP Tokens in exchange for staking rewards & establish IPT liquidity (IP Farming), and the ability to receive donated staking rewards in the form of a grant that is delivered to an IP Set (IP Donating).
On-Chain Staking For dApps, DAOs, Smart Contracts, & Other IP Set Based Assets. Individuals Can Elect To Stake Toward Projects, Proposals, & Other Technology Built On InvArch.
IP Staking allows users to propose their intellectual property (stored as an IP Set) to the InvArch network & the world, making them available to receive community feedback & network funds. It is a no-barrier entry method for sharing ideas with the world & fueling funding. It provides an immediate, immutable, & transparent platform for exposure, receiving community feedback, and then receiving funding allocations based on the feedback received.
Instead of individuals selecting a network Collator to stake their network tokens toward in exchange for staking rewards, this process is circumvented & replaced with the practice of instead choosing an IP set or a dApp (or smart contract) to stake towards. By staking to it, users allocate their voting weight (their share of network tokens compared to others) toward that project. Finally, fees generated by the network are then proportionately reallocated towards staked dApps depending on the total weight of their votes.
Built-In Liquidity Tools For dApps, DAOs, & IP Tokens. Individuals Can Elect To Allocate Some Or All Of Their Staking Rewards Toward A Staked IP Set In Exchange For A Set Yield Of Its IP Tokens.
IP Farming brings a platform to establish liquidity, user base, & decentralized governance needs for startup endeavors by allowing controlled crowdfunding campaigns to be launched & managed entirely on-chain! IP Set Owners can define a minimum & maximum range of network tokens they would like to raise, the total percentage or rate of pegged IP Tokens they will provide in exchange & the utility of those IPTs.
Full Or Partial Donations Of Staking Rewards For dApps, DAOs, Smart Contracts, & Other IP Set Based Assets. Users Can Select IP & Proposals Built On InvArch To Support.
IP Donations allows users to either receive or contribute towards the funding & support of on-chain grants that are funded via on-chain donations. A pure-of-heart (and possibly tax-deductible) approach to bringing philanthropy-style funding opportunities to the entire world.
| Variable | InvArch | Tinker |
|---|---|---|
| Minimum nomination amount | 5 VARCH | 5 TNKR |
| Round duration | 300 blocks, time per round is approximately 1 hour | 300 blocks, time per round is approximately 1 hour |
| Max eligible nominators per collator | for a given round, only the top 100 nominators by staked amount are eligible for staking rewards | for a given round, only the top 100 nominators by staked amount are eligible for staking rewards |
| Max collators per nominator | a nominator can nominated 25 different collators | a nominator can nominated 25 different collators |
| Bonding duration | nomination takes effect in the next round (funds are withdrawn immediately) | nomination takes effect in the next round (funds are withdrawn immediately) |
| Unbonding duration | 2 rounds | 2 rounds |
| Reward payout time | 2 rounds. Rewards are distributed automatically to the free balance | 2 rounds. Rewards are distributed automatically to the free balance |
| Collator commission | fixed at 20% of the annual inflation (5%). Not related to the nominators reward pool | fixed at 20% of the annual inflation (5%). Not related to the nominators reward pool |
| Nominators reward pool | 50% of the annual inflation | 50% of the annual inflation |
| Nominator rewards | variable. It's the aggregate nominator rewards distributed over all eligible nominators, taking into account the relative size of stakes | variable. It's the aggregate nominator rewards distributed over all eligible nominators, taking into account the relative size of stakes |
| Slashing | currently, there is no slashing. This can be later changed through governance. Collators who produce blocks that are not finalized by the relay chain won't receive rewards | currently, there is no slashing. This can be later changed through governance. Collators who produce blocks that are not finalized by the relay chain won't receive rewards |
| Collator information | list of collators: InvArch Subscan. Collator data for the last two rounds: InvArch Explorer | list of collators: Tinker Subscan. Collator data for the last two rounds: Tinker Explorer |
| Manage staking related actions | visit the InvArch dApp | visit the Tinker dApp |
To learn how to get the current value of any of the parameters around staking, check out the Retrieving Staking Parameters section of the How to Stake your Tokens guide.
Collators are rewarded at the end of every round (300 blocks) for their work from 2 rounds ago.
The distribution of the 5% annual inflation goes as follows:
- 1% goes to incentivizing collators
- 1.5% goes to the parachain bond reserve
- The remaining 2.5% will go to users that stake their tokens
Out of that 2.5%, collators gets the rewards corresponding to their stake in the network.The rest are distributed among nominators by stake.
Mathematically speaking, for collators, the reward distribution per block proposed and finalized would look like this:
reward = (0.2 x amount _due) + (0.5 x amount_due x stake)
Where amount_due is the corresponding inflation being distributed in a specific block, the stake corresponds to the number of tokens bonded by the collator in respect to the total stake of that collator (accounting nominations).
For each nominator, the reward distribution (per block proposed and finalized by the nominated collator) would look like this:
reward = (0.5 x amount_due x stake)
Where amount_due is the corresponding inflation being distributed in a specific block, the stake corresponds to the amount of tokens bonded by each nominator in respect to the total stake of that collator.