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Alliance Assets 🆕
Interchain staking for mutual economic partnerships
Staking an Alliance asset on Carbon is as seamless as staking SWTH; Delegators can stake, unstake, redelegate, or earn rewards with an Alliance asset just like they can when staking SWTH.
Users can stake the following Alliance assets on Carbon to start earning rewards.
To learn more cross-chain staking on Carbon, please refer to the following information:
Rewards are determined by two parameters.
The specifications for Alliance assets on Carbon are outlined as follows:
Carbon has three stakeable assets:
SWTHwill always maintain a reward weight of
From the equation above,
SWTHwill receive ~98% of the total consensus rewards.
stLUNAwill each receive ~0.98% of the total consensus rewards.
To preserve the role of SWTH and prevent the power dilution of SWTH, each Alliance asset added to Carbon is given a
Reward Weight determines the amount of staking rewards a staked Alliance asset on Carbon will generate in proportion to SWTH.
More details soon.
In addition to the
RewardWeightparameter, Alliances assets are subject to a
RewardDelayTime. This module parameter defines the amount of time users have to stake their new Alliance assets before the consensus power of the Alliance asset is applied to the chain. This delay prevents early stakers from gaining outsized rewards with a relatively small total stake of a new Alliance asset.
On Carbon, the setting for this parameter is
When a new Alliance asset is whitelisted on Carbon, the
RewardDelayTimeperiod begins, and users must wait until the end of the period to start earning rewards.
In addition to the native Carbon block rewards, the Alliance module introduces another source of rewards, called the Take Rate.
The Take Rate is an annualized tax specific to each Alliance asset. It is periodically applied to a staked Alliance asset, and the generated revenue is distributed among all stakers. As the Take Rate is a tax applied on Alliance assets, rewards from the Take Rate are denominated in whatever Alliance asset they came from.
Take Rate rewards can add diversity to a staker’s wallet, strengthening their position against volatility while encouraging the exploration of other chains.
All parameters for Alliance assets are updated and controlled by governance.
Only delegators who stake SWTH tokens directly to validators can participate in governance, using the existing 1 staked SWTH = 1 vote standard.
The process for staking Alliance assets is similar to staking SWTH on Carbon: