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RE: LeoThread 2024-12-07 11:02

in LeoFinance10 months ago

Validator nodes can charge a commission rate on delegated SCRT. Currently, the commission rate floor is 0%, with a maximum rate of 20%. The commission rate of validators is only capable of changing by up to 1% every twenty-four hours. Separate from commission rate, there are two additional sets of fees on earned block rewards: the community fee (2%) and the Secret Foundation fee (15%). The annual approximate ROI for Secret Network staking ranges between 22% to 27% depending on the validator of choice. The community fee gets pulled from all block rewards and is sent to a pool of funds known as the Community Pool. This pool is used to help fund on-chain governance proposals that help advance the Secret Network ecosystem and protocol. No single entity owns these funds; they are governed in a completely decentralized fashion, empowering the community to voice their opinions and help shape the identity of Secret Network.