- inflation rate
- staker’s expected return
Rewards are currently 13.71% but go down as more people vote and up as less people vote
Inflation Rate is not tracked online anywhere afaik, but I made this model which I recently updated with approximate stats. You can make a copy of this and keep for yourself if you want to update. It’s just under 6% currently, but also all tx fees are burned so it’s slightly lower than that.
Thank you for the answer.
So rewards changes when there are more people vote. I read somewhere that rewards are changed if there are higher percentage of tokens staked? is that correct?
If inflation rate is 6%, how could the reward rate to be 13.71%? Where does the extra tokens coming from if it is not from the inflation? Thank you.
Yes, as more people vote, the voting reward goes down. The lowest it can go is 6%, and that will be when 70% of all ICX is voting.
As for your second question, think about it this way: Imagine there are 100 total ICX coins, and imagine only 50 of them voted and the reward is 10%. That means only 50 coins are earning 10%, so the network only needs to create 5 new coins (50 coins x 10%). With 5 new coins (and originally 100 total), that’s an inflation rate of 5% but reward rate of 10%. This same concept applies with ICX.
To further expand upon what Benny said;
Exchanges, ICON, and some trader whales hold large ICX wallets. They effectively bare the cost of inflation for those of us that are staking.