L1 Staking Rewards

Overview

L1 token holders can liquid-stake their tokens through Suzaku to secure L1s and earn staking rewards. Rewards are distributed to stakers every epoch and are deacreasing over time.

Rewards formula

The following rewards formula is used as a baseline to calculate L1 staking rewards for each epoch:

$\Large R(e) = Res(e) \cdot \frac{L(e)}{L_{\max}} \cdot \frac{D}{365} \cdot C \cdot \exp(-d \cdot e)$

Where:

$e$ – Epoch index (starting from 0)
$R(e)$ – Reward emitted during epoch $e$
$Res(e)$ – Remaining reward reservoir at the start of epoch $e$
$L(e)$ – Staking limit at epoch $e$
$L_{\max}$ – Maximum network staking limit
$D$ – Epoch duration in days (usually 3.5 days)
$C$ – Base emission coefficient
$d$ – Exponential decay coefficient

Specific L1 parameters

PLYR L1

The PLYR L1 (opens in a new tab) uses the following parameters:

Parameter	Value
$L_{\max}$	250,000,000 PLYR
$L(0)$	27,500,000 PLYR
$R(0)$	150,000,000 PLYR
$C$	30
$d$	0.0005

PLYR has allocated 150,000,000 PLYR to the staking rewards reservoir. The initial epoch rewards compute to 47,465.75 PLYR, or an APR of 18% (if $L(0)$ is reached).

Suzaku Points Protocol Specifications