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Trias: TRY the Best Staking System in 2019

I. Difference in Time Steps

Staking undoubtedly ranks among the most popular concepts of this year. Nowadays, more and more people are scrambling to get involved.

As a method for mining under the PoS mechanism, staking does not consume massive computational resources compared with Bitcoin and other PoW mechanisms. Coin holders only need to pledge their coins temporarily to a node and can share the reward from the block or verification block with the node in a certain period.

As many optimists believe, the bear market has exposed the drawbacks of the PoW mechanism, but staking will be less affected by the bear market, so it is safer; some believe that staking, similar to a financial product, will bring stable dividends to everyone; others believe that staking can be regarded as an act of governance able to help more users participate in the community governance.

Of course, staking is not perfect either. Some have questioned that, under some designs, it may lead to high inflation and let participants earn coins but lose money. Furthermore, others may use the Internet model to subsidize thinking, through burning money to subsidize vicious competition and thus cause hidden dangers for economic and ecological security.

In spite of different opinions, in any case, the threshold is very low and the benefits are fairly obvious. Staking, debuting while peaking, has become a major change in the history of blockchain development.

I hope that every partner concerned about Trias can join in the staking design currently released by Trias and leave their valuable suggestions. We will try our best to solve all the problems encountered in the discussion and make sufficient improvement accordingly.

II. Rules for Start and Stop

As we have introduced in the previous article, the economic ecology of Trias has three layers (Leviatom, Prometh and MagCarta) overall and the design in this article only covers the top application layer, namely, the economic design of the MagCarta layer.

As we can find, for some staking projects, inflation is caused because the percentage of inflation is determined purely by hype. To solve this problem, we believe that the tokens newly generated should be closely related to on-chain activities and productivity, that is, the staking return should be in direct proportion to the actual economic output.

In order to implement our beliefs, we have created a dividend pool to provide returns for enterprises. In this way, the number of tokens in the pool can well reflect the economic output from DSaaS applications. In the process of dividend distribution, if no new tokens are generated, the awards will come from the circulation of the market and gradually flow to the open source community.

We believe that the inflation in staking on the market can be effectively controlled in this way. However, as for the core concept with this staking combined with DSaaS, we call it as “mapping to efficiency inflation”.

Definition for mapping to efficiency inflation:

Record the total number s of tokens flowing into the dividend pool over a certain period (for example, t0 — t1). Generate a specified staking pool according to the mapping to efficiency inflation. This pool represents the performance from t0 to t1, and the mapping index of efficiency inflation is θ. Then, sθ is the staking reward tokens of this pool.

III. Balance of Dreams and Fantasies

Here I will first analyze the above definition. For example, from January 1 to March 1, 2019, a total of 1,000 TRY tokens had flowed into the dividend pool. Then the dividend pool will be mapped into a staking pool. If the efficiency inflation index is 5, then the total reward tokens of the staking pool is 5*1000=5000.

In the Trias system, there are many such staking pools. These pools will change with the business cycle in the traditional economy. As a staking reward, the new tokens in each staking pool correspond to the accumulation in the dividend pool during that period.

The rate of return on staking rewards can be derived from this formula:

Where, X = token rewards in the staking pool (that is, the accumulated inflow of tokens per unit time into the dividend pool * efficiency inflation index), Y = staking tokens in a pool.

X comes from the token rewards in the pool and π is determined by the Trias system. Now, here is the point that the rewards in the staking pool only pay back to the successful snappers, but not to all token holders. In summary, we can know that the final amount of rewards is X + Y.

(Connection between the operation of the staking system and the real business operation)

Let’s see another example. If X is still 5000 and the system sets the rate of return at 50%, then Y is 5000/50%=10000. At the end of the lock-in period of a staking pool, all successful snappers will receive TRY awards of 5000+10000=15000.

To be fair, we use auctions to allow participants to grab rights in one staking pool.

IV. Chrono Cross Control

Of course, auctions or snap-ups must be carried out under a certain rule. This rule involves time and space.

In terms of time, after the unit time for each auction has ended from the beginning to the end, the pool will be closed immediately. The rate of return π can be calculated according to the formula.

In terms of space, if staking has not reached the rated time, namely the maximum value of Y during the rush time, the pool will also close automatically.

In other words, both the time limit and the extreme limit of Y are sufficient conditions for the closure of the pool.

This mechanism has been proven to have little impact on overall inflation in practice and be within control. For example, at 8:00 on August 1, Trias repurchased 1000,000 TRYs and opened the pool staking to give back to customers of a provincial power industry, with the rate of return π set to be 15%. It lasts for one hour, during which holders can stake at any time. When the rate of return hits 15%, or until the rated time of one hour has passed, the staking auction will end.

This design not only can ensure that participants be fully rewarded, but also ensure that the market will not be under great selling pressure at some time, thus to maintain the stability of the Trias economic ecology.

Research on staking is continuing, and this rich gold mine has not yet fully released its value. However, because of its unique charm, staking will attract more people to contribute their wisdom and gradually explore the most perfect scheme for its implementation.

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For more information about Trias, please read:

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