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Staking and Fees
L1 gas fees represent the cost of on-chain compute, SIN transaction fees represent the cost of interchain compute.
Solving the interchain communication problem is important enough to require its own network with its own economics. L1 gas fees represent the cost of on-chain compute, SIN transaction fees represent the cost of interchain compute.
This ecosystem of dapps and users paying fees for interchain compute and agents staking to earn fees opens the opportunity for an economic ecosystem built around interchain compute fees.
For example, in the future, the network could support an LSD (liquid staking derivative) of the token used for staking. As well as a DPOS (delegated proof of stake) model where token holders who want to earn fees can delegate their tokens to those running agents.
Note: In today's Synapse Interchain Network testnet, fees are paid in origin chain gas and staking is disabled.
Note: The terms stake and bond are used interchangeably.
In the event agents submit invalid attestations they will be reported and slashed with the reporter receiving the stake of the agent that commited fraud.
Stakers also have to wait a period of time before being able to unstake. How long this ends up being will decided when the staking module is activated.
Note: The terms tips and SIN fees are used interchangeably.
All transactions that go through SIN require multiple participants to be compensated for their participation in consensus and gas fees and infrastructure costs. This process is completely trustless and happens on a per-transaction basis. Fees are dynamically adjusted based on gas prices using the GasOracle with a markup value defined in the oracle contract on a per-chain basis.
Tip values returned by the GasOracle represent the minimum value required for messages to be included. Client contracts can pay additional fees to ensure faster execution by agents.
The fee distribution per message is as follows:
- Executor Tips-
- Execution Tip- Tip paid to the first executor performing a valid execution attempt (correct proofs, optimistic period over).
- Delivery Tip- Tip paid to the executor who successfully delivers the message.
Tips are eligible for collection only after the first valid attempt at message execution.