PPY Rewards
Every 28 days PPY stakers are eligible for rewards
Last updated
Every 28 days PPY stakers are eligible for rewards
Last updated
PPY (Project Pi Yield) is the protocol token, used as collateral for the minimum 16,000,000 PLS that node operators borrow from the protocol to launch their validator. In exchange for this collateral, the protocol rewards node operators with PPY rewards, which are generated through built-in protocol inflation. The more PPY staked as insurance, up to a maximum of 150% of the staked PLS's value, the greater the PPY rewards for the node operator.
PPY has a fixed supply of 314,000,000 tokens. At genesis, 215,404,000 PPY were minted. For more information on the distribution of this supply, click here.
A user's Pi Pool must have been validating for at least 15 days before the end of the rewards cycle.
A user must have PPY staked at the time of the rewards calculation.
The distribution amount varies over time. Users can go the PPY section here to see the PPY Inflation Over Time chart. Users are encouraged to make a copy for their personal calculations.
Initially, the distribution of monthly inflation is allocated as follows:
85% to Node Operators
10% to Pi DAO
5% Burned
Generally, it's based on the node operator's effective PPY stake compared to the total effective PPY stake of all eligible node operators for that cycle. The effective PPY stake is the staked PPY up to the 150% collateralization ratio.
However, Pi Staking does have some seed investors operating Pi Pools to bootstrap the protocol. These investors will initially be weighted at a lower amount than typical node operators, with their weight increasing as their PPY vests over time.
A PPY rewards calculator is available here.
