Provenance FAQ
On Friday, May 19, 2023, we are sunsetting our public validators for Provenance.
If you are a delegator, we strongly recommend unbonding before this date. Refer to the Provenance Delegation Guide for protocol-specific unbonding periods. This change does not impact any other validator nodes for staking.
What are Provenance Blockchain's inflation and reward rates*?
The Provenance Blockchain protocol is non-inflationary, meaning that all rewards are based on transaction volume. Transaction fees are collected globally and distributed in proportion to stake, not based on the fees associated with the specific blocks produced by a validator.
| Behavior type | Criteria | Punishment |
|---|---|---|
| Excessive downtime | Missing more than 50% of 32000 blocks | 1% of all HASH on the validator |
| Double signing | Proposing more than one block at the same block height | 5% of all HASH on the validator |
* Reward rates published by Coinbase Cloud are estimates based on publicly available information from third-party sources. Coinbase Cloud has not verified and does not guarantee the accuracy of this information. Reward rates on some protocols may vary based on the amount staked and/or other variables, including validator performance, so you should not rely on the accuracy of any reward rate ranges we publish, which are intended to provide an estimate. The actual rate of rewards earned may vary substantially and may change over time and Coinbase Cloud does not guarantee that you will receive any staking rewards. Staked assets may be subject to slashing penalties and risk of loss is possible, including up to the full loss of principal.
What are the risks associated with delegating?
As with other Tendermint chains, Provenance Blockchain enacts slashing for excessive downtime and double signing, up to 5% of your staked tokens. Slashing punishments are applied proportionally to all tokens staked to the validator.
How does Coinbase Cloud's service fee work?
Coinbase Cloud charges a percentage service fee on all rewards earned by tokens delegated to our Provenance Blockchain validator. The service fee is paid to Coinbase Cloud automatically by the protocol. You can withdraw your rewards from the protocol directly.