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Update staking-streamer.md

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Jimmy Debe
2025-07-01 06:30:29 -04:00
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@@ -11,18 +11,23 @@ contributors:
## Abstract
This specification describes the components of the smart contracts for the staking streamer protocol.
The staking streamer protocol is currently used in Status Network.
This specification describes the components used for the Status Staking Streamer protocol.
The protocol is a set of smart contract protocols currently used in [Status Network](https://status.network/).
## Background/Motivation
The Status Network is a layer 2 blockchain that is gasless.
To achieve no gas fees for transactions conducted on the network,
users utilize a staking mechanism with native tokens.
This mechanism, called the staking streamer,
allows users to accumulate a [ERC-20 token](https://eips.ethereum.org/EIPS/eip-20) called Karma.
With Karma, users can create transactions,
have voting rights on the Status Network, and other benefits.
Traditional layer 2 blockchains generate revenue from gass fees required to make transactions on the network.
This can introduce a barrier of entry for users wanting to build and
interact with that blockchain.
The Status Network is a layer 2 roll up where applications and
users do not blockchain with gasless transactions.
Revenue is derived from a few sources including native yield commission.
Assests bridged to the Status Network are rehypothecated into yield-bearing equivalents and
users earn an [ERC-20 token](https://eips.ethereum.org/EIPS/eip-20) called Karma.
Karma is an goverance token in the Status Network that gives the user access to a certain throughput of free transactions,
votings and other network benefits.
The SNT token can also be staked with the staking streamer protocol to earn Karma.
The goal is to have a staking mechanism that is fair to all participants based on the stake amount and time staked.
Participants will have significant increases in voting power after committing their stake for a longer period,
even if their stake is not the largest among all participants.
@@ -40,12 +45,12 @@ The protocol consists of the following components:
- staking operator
- multipler points
- reward mechanism
- stake vaults
- staking vaults
The staking system MUST be supported by an operator who will introduce reward amounts,
reward periods, the REQUIRED tokens to use within the system and
updates to the staking smart contract.
It is the responsibility of the operator to keep accounts informed about the requirements
The staking system MUST be supported by an `OPERATOR` who will introduce reward amounts,
reward periods, the token defined by its contract address REQUIRED for use in the system and
making updates to the staking smart contracts.
It is the responsibility of the `OPERATOR` to keep accounts informed about the requirements
and intended changes to the staking system.
### Accounts
@@ -380,4 +385,5 @@ Copyright and related rights waived via [CC0](https://creativecommons.org/public
## References
- [Status Network](https://status.network/)
- [ERC-20 token](https://eips.ethereum.org/EIPS/eip-20)