Version: Next

`x/distribution`

Overview

This simple distribution mechanism describes a functional way to passively distribute rewards between validators and delegators. Note that this mechanism does not distribute funds in as precisely as active reward distribution mechanisms and will therefore be upgraded in the future.

The mechanism operates as follows. Collected rewards are pooled globally and divided out passively to validators and delegators. Each validator has the opportunity to charge commission to the delegators on the rewards collected on behalf of the delegators. Fees are collected directly into a global reward pool and validator proposer-reward pool. Due to the nature of passive accounting, whenever changes to parameters which affect the rate of reward distribution occurs, withdrawal of rewards must also occur.

Whenever withdrawing, one must withdraw the maximum amount they are entitled to, leaving nothing in the pool.
Whenever bonding, unbonding, or re-delegating tokens to an existing account, a full withdrawal of the rewards must occur (as the rules for lazy accounting change).
Whenever a validator chooses to change the commission on rewards, all accumulated commission rewards must be simultaneously withdrawn.

The above scenarios are covered in hooks.md.

The distribution mechanism outlined herein is used to lazily distribute the following rewards between validators and associated delegators:

multi-token fees to be socially distributed
inflated staked asset provisions
validator commission on all rewards earned by their delegators stake

Fees are pooled within a global pool. The mechanisms used allow for validators and delegators to independently and lazily withdraw their rewards.

Shortcomings

As a part of the lazy computations, each delegator holds an accumulation term specific to each validator which is used to estimate what their approximate fair portion of tokens held in the fee pool is owed to them.

entitlement = delegator-accumulation / all-delegators-accumulation

Under the circumstance that there was constant and equal flow of incoming reward tokens every block, this distribution mechanism would be equal to the active distribution (distribute individually to all delegators each block). However, this is unrealistic so deviations from the active distribution will occur based on fluctuations of incoming reward tokens as well as timing of reward withdrawal by other delegators.

If you happen to know that incoming rewards are about to significantly increase, you are incentivized to not withdraw until after this event, increasing the worth of your existing accum. See #2764 for further details.

Effect on Staking

Charging commission on Atom provisions while also allowing for Atom-provisions to be auto-bonded (distributed directly to the validators bonded stake) is problematic within BPoS. Fundamentally, these two mechanisms are mutually exclusive. If both commission and auto-bonding mechanisms are simultaneously applied to the staking-token then the distribution of staking-tokens between any validator and its delegators will change with each block. This then necessitates a calculation for each delegation records for each block - which is considered computationally expensive.

In conclusion, we can only have Atom commission and unbonded atoms provisions or bonded atom provisions with no Atom commission, and we elect to implement the former. Stakeholders wishing to rebond their provisions may elect to set up a script to periodically withdraw and rebond rewards.

Concepts
State
Begin Block
Messages
Hooks
Events
Parameters
Client
- CLI
- gRPC

Concepts

In Proof of Stake (PoS) blockchains, rewards gained from transaction fees are paid to validators. The fee distribution module fairly distributes the rewards to the validators' constituent delegators.

Rewards are calculated per period. The period is updated each time a validator's delegation changes, for example, when the validator receives a new delegation. The rewards for a single validator can then be calculated by taking the total rewards for the period before the delegation started, minus the current total rewards. To learn more, see the F1 Fee Distribution paper.

The commission to the validator is paid when the validator is removed or when the validator requests a withdrawal. The commission is calculated and incremented at every BeginBlock operation to update accumulated fee amounts.

The rewards to a delegator are distributed when the delegation is changed or removed, or a withdrawal is requested. Before rewards are distributed, all slashes to the validator that occurred during the current delegation are applied.

Reference Counting in F1 Fee Distribution

In F1 fee distribution, the rewards a delegator receives are calculated when their delegation is withdrawn. This calculation must read the terms of the summation of rewards divided by the share of tokens from the period which they ended when they delegated, and the final period that was created for the withdrawal.

Additionally, as slashes change the amount of tokens a delegation will have (but we calculate this lazily, only when a delegator un-delegates), we must calculate rewards in separate periods before / after any slashes which occurred in between when a delegator delegated and when they withdrew their rewards. Thus slashes, like delegations, reference the period which was ended by the slash event.

All stored historical rewards records for periods which are no longer referenced by any delegations or any slashes can thus be safely removed, as they will never be read (future delegations and future slashes will always reference future periods). This is implemented by tracking a ReferenceCount along with each historical reward storage entry. Each time a new object (delegation or slash) is created which might need to reference the historical record, the reference count is incremented. Each time one object which previously needed to reference the historical record is deleted, the reference count is decremented. If the reference count hits zero, the historical record is deleted.

State

FeePool

The FeePool is used to store decimal rewards to allow for fractions of coins to be received from operations like inflation.

Once those rewards are big enough, they are sent as sdk.Coins to the community pool.

FeePool: 0x00 -> ProtocolBuffer(FeePool)

// coins with decimal
type DecCoins []DecCoin

type DecCoin struct {
    Amount math.LegacyDec
    Denom  string
}

Validator Distribution

Validator distribution information for the relevant validator is updated each time:

delegation amount to a validator is updated,
any delegator withdraws from a validator, or
the validator withdraws its commission.

ValidatorDistInfo: 0x02 | ValOperatorAddrLen (1 byte) | ValOperatorAddr -> ProtocolBuffer(validatorDistribution)

type ValidatorDistInfo struct {
    OperatorAddress     sdk.AccAddress
    SelfBondRewards     sdkmath.DecCoins
    ValidatorCommission types.ValidatorAccumulatedCommission
}

Delegation Distribution

Each delegation distribution only needs to record the height at which it last withdrew fees. Because a delegation must withdraw fees each time it's properties change (aka bonded tokens etc.) its properties will remain constant and the delegator's accumulation factor can be calculated passively knowing only the height of the last withdrawal and its current properties.

DelegationDistInfo: 0x02 | DelegatorAddrLen (1 byte) | DelegatorAddr | ValOperatorAddrLen (1 byte) | ValOperatorAddr -> ProtocolBuffer(delegatorDist)

type DelegationDistInfo struct {
    WithdrawalHeight int64    // last time this delegation withdrew rewards
}

Params

The distribution module stores it's params in state with the prefix of 0x09, it can be updated with governance or the address with authority.

Params: 0x09 | ProtocolBuffer(Params)

proto/cosmos/distribution/v1beta1/distribution.proto
loading...

See full example on GitHub

Begin Block

At each BeginBlock, all fees received in the previous block are transferred to the distribution ModuleAccount account. When a delegator or validator withdraws their rewards, they are taken out of the ModuleAccount. During begin block, the different claims on the fees collected are updated as follows:

The reserve community tax is charged.
The remainder is distributed proportionally by voting power to all bonded validators

The Distribution Scheme

See params for description of parameters.

Let fees be the total fees collected in the previous block, including inflationary rewards to the stake. All fees are collected in a specific module account during the block. During BeginBlock, they are sent to the "distribution" ModuleAccount. No other sending of tokens occurs. Instead, the rewards each account is entitled to are stored, and withdrawals can be triggered through the messages WithdrawValidatorCommission and WithdrawDelegatorReward.

Reward to the Community Pool

The community pool (x/protocolpool) gets community_tax * fees, plus any remaining dust after validators get their rewards that are always rounded down to the nearest integer value.

Reward To the Validators

The proposer receives no extra rewards. All fees are distributed among all the bonded validators, including the proposer, in proportion to their consensus power.

powFrac = validator power / total bonded validator power
voteMul = 1 - community_tax

All validators receive fees * voteMul * powFrac.

Rewards to Delegators

Each validator's rewards are distributed to its delegators. The validator also has a self-delegation that is treated like a regular delegation in distribution calculations.

The validator sets a commission rate. The commission rate is flexible, but each validator sets a maximum rate and a maximum daily increase. These maximums cannot be exceeded and protect delegators from sudden increases of validator commission rates to prevent validators from taking all of the rewards.

The outstanding rewards that the operator is entitled to are stored in ValidatorAccumulatedCommission, while the rewards the delegators are entitled to are stored in ValidatorCurrentRewards. The F1 fee distribution scheme is used to calculate the rewards per delegator as they withdraw or update their delegation, and is thus not handled in BeginBlock.

Example Distribution

For this example distribution, the underlying consensus engine selects block proposers in proportion to their power relative to the entire bonded power.

All validators are equally performant at including pre-commits in their proposed blocks. Then hold (pre_commits included) / (total bonded validator power) constant so that the amortized block reward for the validator is ( validator power / total bonded power) * (1 - community tax rate) of the total rewards. Consequently, the reward for a single delegator is:

(delegator proportion of the validator power / validator power) * (validator power / total bonded power)
  * (1 - community tax rate) * (1 - validator commission rate)
= (delegator proportion of the validator power / total bonded power) * (1 -
community tax rate) * (1 - validator commission rate)

Messages

MsgSetWithdrawAddress

By default, the withdraw address is the delegator address. To change its withdraw address, a delegator must send a MsgSetWithdrawAddress message. Changing the withdraw address is possible only if the parameter WithdrawAddrEnabled is set to true.

The withdraw address cannot be any of the module accounts. These accounts are blocked from being withdraw addresses by being added to the distribution keeper's blockedAddrs array at initialization.

Response:

proto/cosmos/distribution/v1beta1/tx.proto
loading...

See full example on GitHub

func (k Keeper) SetWithdrawAddr(ctx context.Context, delegatorAddr sdk.AccAddress, withdrawAddr sdk.AccAddress) error
 if k.blockedAddrs[withdrawAddr.String()] {
  fail with "`{withdrawAddr}` is not allowed to receive external funds"
 }

 if !k.GetWithdrawAddrEnabled(ctx) {
  fail with `ErrSetWithdrawAddrDisabled`
 }

 k.SetDelegatorWithdrawAddr(ctx, delegatorAddr, withdrawAddr)

MsgWithdrawDelegatorReward

A delegator can withdraw its rewards. Internally in the distribution module, this transaction simultaneously removes the previous delegation with associated rewards, the same as if the delegator simply started a new delegation of the same value. The rewards are sent immediately from the distribution ModuleAccount to the withdraw address. Any remainder (truncated decimals) are sent to the community pool. The starting height of the delegation is set to the current validator period, and the reference count for the previous period is decremented. The amount withdrawn is deducted from the ValidatorOutstandingRewards variable for the validator.

In the F1 distribution, the total rewards are calculated per validator period, and a delegator receives a piece of those rewards in proportion to their stake in the validator. In basic F1, the total rewards that all the delegators are entitled to between to periods is calculated the following way. Let R(X) be the total accumulated rewards up to period X divided by the tokens staked at that time. The delegator allocation is R(X) * delegator_stake. Then the rewards for all the delegators for staking between periods A and B are (R(B) - R(A)) * total stake. However, these calculated rewards don't account for slashing.

Taking the slashes into account requires iteration. Let F(X) be the fraction a validator is to be slashed for a slashing event that happened at period X. If the validator was slashed at periods P1, ..., PN, where A < P1, PN < B, the distribution module calculates the individual delegator's rewards, T(A, B), as follows:

stake := initial stake
rewards := 0
previous := A
for P in P1, ..., PN`:
    rewards = (R(P) - previous) * stake
    stake = stake * F(P)
    previous = P
rewards = rewards + (R(B) - R(PN)) * stake

The historical rewards are calculated retroactively by playing back all the slashes and then attenuating the delegator's stake at each step. The final calculated stake is equivalent to the actual staked coins in the delegation with a margin of error due to rounding errors.

Response:

proto/cosmos/distribution/v1beta1/tx.proto
loading...

See full example on GitHub

WithdrawValidatorCommission

The validator can send the WithdrawValidatorCommission message to withdraw their accumulated commission. The commission is calculated in every block during BeginBlock, so no iteration is required to withdraw. The amount withdrawn is deducted from the ValidatorOutstandingRewards variable for the validator. Only integer amounts can be sent. If the accumulated awards have decimals, the amount is truncated before the withdrawal is sent, and the remainder is left to be withdrawn later.

Common distribution operations

These operations take place during many different messages.

Initialize delegation

Each time a delegation is changed, the rewards are withdrawn and the delegation is reinitialized. Initializing a delegation increments the validator period and keeps track of the starting period of the delegation.

// initialize starting info for a new delegation
func (k Keeper) initializeDelegation(ctx context.Context, val sdk.ValAddress, del sdk.AccAddress) {
    // period has already been incremented - we want to store the period ended by this delegation action
    previousPeriod := k.GetValidatorCurrentRewards(ctx, val).Period - 1

 // increment reference count for the period we're going to track
 k.incrementReferenceCount(ctx, val, previousPeriod)

 validator := k.stakingKeeper.Validator(ctx, val)
 delegation := k.stakingKeeper.Delegation(ctx, del, val)

 // calculate delegation stake in tokens
 // we don't store directly, so multiply delegation shares * (tokens per share)
 // note: necessary to truncate so we don't allow withdrawing more rewards than owed
 stake := validator.TokensFromSharesTruncated(delegation.GetShares())
 k.SetDelegatorStartingInfo(ctx, val, del, types.NewDelegatorStartingInfo(previousPeriod, stake, uint64(ctx.BlockHeight())))
}

MsgUpdateParams

Distribution module params can be updated through MsgUpdateParams, which can be done using governance proposal and the signer will always be gov module account address.

proto/cosmos/distribution/v1beta1/tx.proto
loading...

See full example on GitHub

The message handling can fail if:

signer is not the gov module account address.

Hooks

Available hooks that can be called by and from this module.

Create or modify delegation distribution

triggered-by: staking.MsgDelegate, staking.MsgBeginRedelegate, staking.MsgUndelegate

Before

The delegation rewards are withdrawn to the withdraw address of the delegator. The rewards include the current period and exclude the starting period.
The validator period is incremented. The validator period is incremented because the validator's power and share distribution might have changed.
The reference count for the delegator's starting period is decremented.

After

The starting height of the delegation is set to the previous period. Because of the Before-hook, this period is the last period for which the delegator was rewarded.

Validator created

triggered-by: staking.MsgCreateValidator

When a validator is created, the following validator variables are initialized:

Historical rewards
Current accumulated rewards
Accumulated commission
Total outstanding rewards
Period

By default, all values are set to a 0, except period, which is set to 1.

Validator removed

triggered-by: staking.RemoveValidator

Outstanding commission is sent to the validator's self-delegation withdrawal address. Remaining delegator rewards get sent to the community pool.

Note: The validator gets removed only when it has no remaining delegations. At that time, all outstanding delegator rewards will have been withdrawn. Any remaining rewards are dust amounts.

Validator is slashed

triggered-by: staking.Slash
The current validator period reference count is incremented. The reference count is incremented because the slash event has created a reference to it.
The validator period is incremented.
The slash event is stored for later use. The slash event will be referenced when calculating delegator rewards.

Events

The distribution module emits the following events:

BeginBlocker

Type	Attribute Key	Attribute Value
proposer_reward	validator	{validatorAddress}
proposer_reward	reward	{proposerReward}
commission	amount	{commissionAmount}
commission	validator	{validatorAddress}
rewards	amount	{rewardAmount}
rewards	validator	{validatorAddress}

Handlers

MsgSetWithdrawAddress

Type	Attribute Key	Attribute Value
set_withdraw_address	withdraw_address	{withdrawAddress}
message	module	distribution
message	action	set_withdraw_address
message	sender	{senderAddress}

MsgWithdrawDelegatorReward

Type	Attribute Key	Attribute Value
withdraw_rewards	amount	{rewardAmount}
withdraw_rewards	validator	{validatorAddress}
message	module	distribution
message	action	withdraw_delegator_reward
message	sender	{senderAddress}

MsgWithdrawValidatorCommission

Type	Attribute Key	Attribute Value
withdraw_commission	amount	{commissionAmount}
message	module	distribution
message	action	withdraw_validator_commission
message	sender	{senderAddress}

Parameters

The distribution module contains the following parameters:

Key	Type	Example
communitytax	string (dec)	"0.020000000000000000" [0]
withdrawaddrenabled	bool	true

[0] communitytax must be positive and cannot exceed 1.00.
baseproposerreward and bonusproposerreward were parameters that are deprecated in v0.47 and are not used.

note

The community tax is collected and sent to the community pool (x/protocolpool).

Client

CLI

A user can query and interact with the distribution module using the CLI.

Query

The query commands allow users to query distribution state.

simd query distribution --help

commission

The commission command allows users to query validator commission rewards by address.

simd query distribution commission [address] [flags]

Example:

simd query distribution commission cosmosvaloper1...

Example Output:

commission:
- amount: "1000000.000000000000000000"
  denom: stake

params

The params command allows users to query the parameters of the distribution module.

simd query distribution params [flags]

Example:

simd query distribution params

Example Output:

base_proposer_reward: "0.000000000000000000"
bonus_proposer_reward: "0.000000000000000000"
community_tax: "0.020000000000000000"
withdraw_addr_enabled: true

rewards

The rewards command allows users to query delegator rewards. Users can optionally include the validator address to query rewards earned from a specific validator.

simd query distribution rewards [delegator-addr] [validator-addr] [flags]

Example:

simd query distribution rewards cosmos1...

Example Output:

rewards:
- reward:
  - amount: "1000000.000000000000000000"
    denom: stake
  validator_address: cosmosvaloper1..
total:
- amount: "1000000.000000000000000000"
  denom: stake

slashes

The slashes command allows users to query all slashes for a given block range.

simd query distribution slashes [validator] [start-height] [end-height] [flags]

Example:

simd query distribution slashes cosmosvaloper1... 1 1000

Example Output:

pagination:
  next_key: null
  total: "0"
slashes:
- validator_period: 20,
  fraction: "0.009999999999999999"

validator-outstanding-rewards

The validator-outstanding-rewards command allows users to query all outstanding (un-withdrawn) rewards for a validator and all their delegations.

simd query distribution validator-outstanding-rewards [validator] [flags]

Example:

simd query distribution validator-outstanding-rewards cosmosvaloper1...

Example Output:

rewards:
- amount: "1000000.000000000000000000"
  denom: stake

validator-distribution-info

The validator-distribution-info command allows users to query validator commission and self-delegation rewards for validator.

simd query distribution validator-distribution-info cosmosvaloper1...

Example Output:

commission:
- amount: "100000.000000000000000000"
  denom: stake
operator_address: cosmosvaloper1...
self_bond_rewards:
- amount: "100000.000000000000000000"
  denom: stake

Transactions

The tx commands allow users to interact with the distribution module.

simd tx distribution --help

set-withdraw-addr

The set-withdraw-addr command allows users to set the withdraw address for rewards associated with a delegator address.

simd tx distribution set-withdraw-addr [withdraw-addr] [flags]

Example:

simd tx distribution set-withdraw-addr cosmos1... --from cosmos1...

withdraw-all-rewards

The withdraw-all-rewards command allows users to withdraw all rewards for a delegator.

simd tx distribution withdraw-all-rewards [flags]

Example:

simd tx distribution withdraw-all-rewards --from cosmos1...

withdraw-rewards

The withdraw-rewards command allows users to withdraw all rewards from a given delegation address, and optionally withdraw validator commission if the delegation address given is a validator operator and the user proves the --commission flag.

simd tx distribution withdraw-rewards [validator-addr] [flags]

Example:

simd tx distribution withdraw-rewards cosmosvaloper1... --from cosmos1... --commission

gRPC

A user can query the distribution module using gRPC endpoints.

Params

The Params endpoint allows users to query parameters of the distribution module.

Example:

grpcurl -plaintext \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/Params

Example Output:

{
  "params": {
    "communityTax": "20000000000000000",
    "baseProposerReward": "00000000000000000",
    "bonusProposerReward": "00000000000000000",
    "withdrawAddrEnabled": true
  }
}

ValidatorDistributionInfo

The ValidatorDistributionInfo queries validator commission and self-delegation rewards for validator.

Example:

grpcurl -plaintext \
    -d '{"validator_address":"cosmosvalop1..."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/ValidatorDistributionInfo

Example Output:

{
  "commission": {
    "commission": [
      {
        "denom": "stake",
        "amount": "1000000000000000"
      }
    ]
  },
  "self_bond_rewards": [
    {
      "denom": "stake",
      "amount": "1000000000000000"
    }
  ],
  "validator_address": "cosmosvalop1..."
}

ValidatorOutstandingRewards

The ValidatorOutstandingRewards endpoint allows users to query rewards of a validator address.

Example:

grpcurl -plaintext \
    -d '{"validator_address":"cosmosvalop1.."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/ValidatorOutstandingRewards

Example Output:

{
  "rewards": {
    "rewards": [
      {
        "denom": "stake",
        "amount": "1000000000000000"
      }
    ]
  }
}

ValidatorCommission

The ValidatorCommission endpoint allows users to query accumulated commission for a validator.

Example:

grpcurl -plaintext \
    -d '{"validator_address":"cosmosvalop1.."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/ValidatorCommission

Example Output:

{
  "commission": {
    "commission": [
      {
        "denom": "stake",
        "amount": "1000000000000000"
      }
    ]
  }
}

ValidatorSlashes

The ValidatorSlashes endpoint allows users to query slash events of a validator.

Example:

grpcurl -plaintext \
    -d '{"validator_address":"cosmosvalop1.."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/ValidatorSlashes

Example Output:

{
  "slashes": [
    {
      "validator_period": "20",
      "fraction": "0.009999999999999999"
    }
  ],
  "pagination": {
    "total": "1"
  }
}

DelegationRewards

The DelegationRewards endpoint allows users to query the total rewards accrued by a delegation.

Example:

grpcurl -plaintext \
    -d '{"delegator_address":"cosmos1...","validator_address":"cosmosvalop1..."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/DelegationRewards

Example Output:

{
  "rewards": [
    {
      "denom": "stake",
      "amount": "1000000000000000"
    }
  ]
}

DelegationTotalRewards

The DelegationTotalRewards endpoint allows users to query the total rewards accrued by each validator.

Example:

grpcurl -plaintext \
    -d '{"delegator_address":"cosmos1..."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/DelegationTotalRewards

Example Output:

{
  "rewards": [
    {
      "validatorAddress": "cosmosvaloper1...",
      "reward": [
        {
          "denom": "stake",
          "amount": "1000000000000000"
        }
      ]
    }
  ],
  "total": [
    {
      "denom": "stake",
      "amount": "1000000000000000"
    }
  ]
}

DelegatorValidators

The DelegatorValidators endpoint allows users to query all validators for given delegator.

Example:

grpcurl -plaintext \
    -d '{"delegator_address":"cosmos1..."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/DelegatorValidators

Example Output:

{
  "validators": ["cosmosvaloper1..."]
}

DelegatorWithdrawAddress

The DelegatorWithdrawAddress endpoint allows users to query the withdraw address of a delegator.

Example:

grpcurl -plaintext \
    -d '{"delegator_address":"cosmos1..."}' \
    localhost:9090 \
    cosmos.distribution.v1beta1.Query/DelegatorWithdrawAddress

Example Output:

{
  "withdrawAddress": "cosmos1..."
}

x/distribution

Overview​

Shortcomings​

Effect on Staking​

Contents​

Concepts​

Reference Counting in F1 Fee Distribution​

State​

FeePool​

Validator Distribution​

Delegation Distribution​

Params​

Begin Block​

The Distribution Scheme​

Reward to the Community Pool​

Reward To the Validators​

Rewards to Delegators​

Example Distribution​

Messages​

MsgSetWithdrawAddress​

MsgWithdrawDelegatorReward​

WithdrawValidatorCommission​

Common distribution operations​

Initialize delegation​

MsgUpdateParams​

Hooks​

Create or modify delegation distribution​

Before​

After​

Validator created​

Validator removed​

Validator is slashed​

Events​

BeginBlocker​

Handlers​

MsgSetWithdrawAddress​

MsgWithdrawDelegatorReward​

MsgWithdrawValidatorCommission​

Parameters​

Client​

CLI​

Query​

commission​

params​

rewards​

slashes​

validator-outstanding-rewards​

validator-distribution-info​

Transactions​

set-withdraw-addr​

withdraw-all-rewards​

withdraw-rewards​

gRPC​

Params​

ValidatorDistributionInfo​

ValidatorOutstandingRewards​

ValidatorCommission​

ValidatorSlashes​

DelegationRewards​

DelegationTotalRewards​

DelegatorValidators​

DelegatorWithdrawAddress​

`x/distribution`

Overview

Shortcomings

Effect on Staking

Contents

Concepts

Reference Counting in F1 Fee Distribution

State

FeePool

Validator Distribution

Delegation Distribution

Params

Begin Block

The Distribution Scheme

Reward to the Community Pool

Reward To the Validators

Rewards to Delegators

Example Distribution

Messages

MsgSetWithdrawAddress

MsgWithdrawDelegatorReward

WithdrawValidatorCommission

Common distribution operations

Initialize delegation

MsgUpdateParams

Hooks

Create or modify delegation distribution

Before

After

Validator created

Validator removed

Validator is slashed

Events

BeginBlocker

Handlers

MsgSetWithdrawAddress

MsgWithdrawDelegatorReward

MsgWithdrawValidatorCommission

Parameters

Client

CLI

Query

commission

params

rewards

slashes

validator-outstanding-rewards

validator-distribution-info

Transactions

set-withdraw-addr

withdraw-all-rewards

withdraw-rewards

gRPC

Params

ValidatorDistributionInfo

ValidatorOutstandingRewards

ValidatorCommission

ValidatorSlashes

DelegationRewards

DelegationTotalRewards

DelegatorValidators

DelegatorWithdrawAddress