Alaya is the world's leading distributed financial infrastructure of a new generation, Integrating blockchain and privacy-preserving computation capabilities, Alaya promotes the technology sharing and exchange of financial data in a secure, private, and compliant way, with an ultimate goal to serve the world's inclusive finance. Also, Alaya is the pilot zone of PlatON, the global next-generation privacy-preserving AI infrastructure.
What is Alaya Network?
Alaya is the world's leading next-generation distributed financial infrastructure that integrates blockchain and privacy-preserving computing capabilities to facilitate the technical sharing and exchange of financial data in a secure, private and compliant way, with the ultimate goal of serving global financial inclusion.
What are validating and delegating?
The generation and validation of new blocks on Alis done by a validator. In order for the Alaya network to work seamlessly, validators need the technical ability to provide a secure, always-on infrastructure.
Not everyone can do this. Some token holders participate indirectly by entrusting the tokens they own to the validator. The Validators is providing a service to the delegator. They usually charge a fee to cover their operating costs.
Why should you delegate?
By delegating ATP, you help secure the network. You get a part of the reward provided by the protocol. If you are planning to hold on to your ATP for a period of time, delegating will help you accumulate more ATP while contributing to the health of the network, otherwise over time your ATP will depreciate in value due to inflation.
Is there any risk in delegating ATP to the validator?
The ATP delegated to the validator is transferred to Alaya's built-in Staking contract for locking. Instead of transferring its own ATP to the validator, the delegator has ownership of the delegated ATP from start to finish.
Therefore, the correct delegation is not risky.
What are the risks of delegating on Alaya Network?
In Alaya Network, only the validator's self-stakes are at risk of slashing. The validator is punished by the protocol for missing too many blocks or for double-signing a block. The delegator does not bear the punishment
What is the calculation for each type of reward?
Validators are rewarded for becoming active validators and producing blocks. Rewards include staking rewards and block rewards, and are distributed to the delegator according to the delegated reward ratio.
Take the Alaya MainNetwork as an example:
Assume that the delegated reward ratio of the validator V is 10%. In a certain period of time, a total of n blocks are produced, the total block reward of 1,000 LAT, total transaction fee is 100 ATP, and staking reward is 2000 ATP.
Therefore, 3000 ATP(block reward + staking reward) is involved in reward distribution.
Validator V total reward: 1000 * 90% + 2000 * 90% + 100 = 2800 ATP
Delegators total reward: 1000 * 10% + 2000 * 10% = 300 ATP
Each delegator obtains reward according to the ratio of its effective delegations to the total effective delegations of the validator V.
What does Terminet get out of this?
We set a 90% reward distribution ratio for the delegator. For example, if a validator receives 100 ATPs as a reward, Terminet will receive 10 ATPs and the delegator will receive 90 ATPs.
How are rewards disbursed?
You need to withdraw their rewards from the protocol and then decide to delegate if you wish to compound rewards.
Note that you need to lock in a full Epoch(10750 Blocks) to earn your delegation rewards.
Terminet is never in control of the rewards.
Can you undelegate anytime?
You can get your ATP immediately when your undelegate transaction finished.
What are digital wallets that support Alaya Network？
ATON App, ATON is a secure and user-friendly mobile wallet for PlatON Network and Alaya Network. The ATON Mobile Wallet allows you to easily transfer ATP tokens to others, view your transaction history and account balance. At the same time, it provides convenient delegation service for you.
If you have any questions about our services, please do not hesitate to contact us. We are happy to talk to anyone.