Staking data is king.It’s the compass that guides researchers, analysts and teams on their journey to building successful financial products or making better investments into staking.As the staking landscape continues to expand, having a set of benchmark metrics to analyze and compare the market becomes increasingly important.Today, we are proud to announce the Staking Rewards Benchmarks (SRBs), a set of open methodologies that sit behind the industries most widely used staking data.&nbsp;SRB metrics are backed by well-documented and transparent methodologies, setting&nbsp;the industry standard for understanding individual staking metrics across different Proof-of-Stake networks.<a href="https://app.gitbook.com/o/tMEirHPtVUPHP2O59CwZ/s/HO7GJYPa21eefwf2cvEr/what-is-srb">SRB metrics</a> aren’t just methodologies to understand staking – they are catalysts for innovation and are already widely used across the industry by the likes of Coinbase, Kraken and Binance.Grayscale recently utilized the SRB Reward Rate, amongst other metrics from the Staking Data API, to construct the weighting and rebalancing of their new liquid staking product, the&nbsp;<a href="https://www.stakingrewards.com/journal/news/grayscale-leverages-staking-data-api">Grayscale Dynamic Income Fund (GDIF)</a>.&nbsp;“The Staking Data API has been a necessary part to make this product possible.” - Matt Maximo (Portfolio Manager, GDIF - Grayscale)&nbsp;Let’s take a closer look at the SRB Reward Rate; the most frequently used and cited staking metric.&nbsp;<h2>The SRB Reward Rate</h2>Whether you're benchmarking Reward Rates between different staking networks or monitoring the market, the&nbsp;<a href="https://docs.stakingrewards.com/staking-data/methodologies/ethereum-ethsrb">SRB Reward Rate</a> is your go-to reference.Developed by the Staking Rewards team, SRB Reward Rates provide an extra solid foundation for understanding and analyzing staking rewards across the overall market.As an example, let’s look at the SRB Reward for both Ethereum (<a href="https://docs.stakingrewards.com/staking-data/methodologies/ethereum-ethsrb">ETHSRB</a>) and Cosmos (<a href="http://ata/methodologies/cosmos-hub-atomsrb">ATOMSRB</a>).<h3>Ethereum SRB Reward Rate (ETHSRB): 3.64%</h3>ETHSRB is a benchmark representing the mean, annualized staking rate across all active Ethereum validators. ETHSRB&nbsp;ETHSRB=(cle+ele)/st<figure class="table"><table class="ck-table-resized"><colgroup><col style="width:33.33%;"><col style="width:33.33%;"><col style="width:33.34%;"></colgroup><tbody><tr><td>Formula key</td><td>Metric name</td><td>Description</td></tr><tr><td>cle</td><td>Consensys Layer Earnings</td><td>Validators earn rewards for proposing and attesting to blocks in this layer.</td></tr><tr><td>ele</td><td>Execution Layer Earnings</td><td>Transaction fees (tips/priority fees) earned by validators post-EIP-1559 implementation</td></tr><tr><td>st</td><td>Staked Tokens</td><td>The total number of ETH tokens staked with active validators.</td></tr></tbody></table></figure>You can explore the full&nbsp;<a href="https://docs.stakingrewards.com/staking-data/methodologies/ethereum-ethsrb">ETHSRB methodology</a>, including a breakdown of Consensus and Execution Layer rewards&nbsp;<a href="https://docs.stakingrewards.com/staking-data/methodologies/ethereum-ethsrb">via the docs</a>.<h3>Cosmos SRB Rate: 16.67% (at time of writing)</h3>ATOMSRB is a benchmark that represents the mean, annualized staking rate across all active Cosmos validators.ATOMSRB=365∗(bp/abt∗86400+df)∗(1−ct)/st<figure class="table"><table class="ck-table-resized"><colgroup><col style="width:33.33%;"><col style="width:33.33%;"><col style="width:33.34%;"></colgroup><tbody><tr><td>Formula key</td><td>Metric name</td><td>Description</td></tr><tr><td>bp</td><td>Block Provision</td><td>Blocks Provision is calculated by "annual provisions / blocks_per_year", whereas the annual provision is recalculated by the Cosmos protocol each block according to inflation parameters, and the blocks_per_year is a constant parameter set by Cosmos governance.</td></tr><tr><td>st</td><td>Staked Tokens</td><td>The total number of ATOM tokens bonded with active, non-jailed validators.</td></tr><tr><td>ab</td><td>Block Time</td><td>The average block time over the last 24h. Note, this number often differs significantly from the expected block time.</td></tr><tr><td>ct</td><td>Community Tax</td><td>Community Tax is the percentage of inflation rewards and fees that is sent to the community pool at each block. The constant parameter is set by Cosmos governance.</td></tr><tr><td>df</td><td>Daily Fees</td><td>The total number of ATOM tokens paid as transaction fees in the last 24 hours. This number does not include fees paid in other currencies than ATOM.</td></tr></tbody></table></figure><ul><li>ATOMSRB takes into account all accumulated rewards, whether they have been claimed or remain unclaimed.</li><li>ATOMSRB operates on a non-compounded basis, meaning it excludes returns generated from the reinvestment of rewards.</li><li>ATOMSRB is based on an assumption of 100% validator efficiency. For a CSRR adjusted according to individual validator performance, please refer to CSRR(v).</li></ul>&nbsp;You can explore the full&nbsp;<a href="https://docs.stakingrewards.com/staking-data/methodologies/ethereum-ethsrb">ATOMSRB methodology</a>, including details around Slashing and Expected vs. Actual Block Time&nbsp;<a href="https://docs.stakingrewards.com/staking-data/methodologies/cosmos-hub-atomsrb">via the docs</a>.&nbsp;<h2>SRB Reward Rate Use Cases</h2>The launch of SRB Reward Rate opens up a world of possibilities for stakeholders across the staking landscape. Some typical use cases include:<ul><li>Benchmarking: Comparing the performance of different staking assets against the SRB Rate.</li><li>Market Monitoring and Analysis: Using SRB Reward Rate to analyze the&nbsp;trend in reward rate for different staking networks over time.</li><li>Reference for Journalists and Staking Providers: Quoting the SRB as a reliable source for current reward rates, enhancing credibility and trust.</li></ul>&nbsp;<h2>Access via the Staking Data API</h2>SRB Reward Rates are actively used across the industry via the&nbsp;<a href="https://www.stakingrewards.com/">Staking Data API</a>.&nbsp;Anybody can access SRB Reward Rates with ease, allowing for real-time monitoring and analysis of staking rewards. Whether you're a developer integrating staking data into your application or an investor tracking your portfolio, the Staking Data API gives you access to SRB Reward Rewards, updated daily.&nbsp;In conclusion, SRB metrics provide greater transparency in staking data. With solid methodologies that are well-documented and maintained, SRB is the go-to standard for understanding staking data. Whether you're an investor, researcher, or just a staking enthusiast, SRB empowers you to navigate the complexities of staking with confidence and clarity.<ul><li><a href="https://app.gitbook.com/o/tMEirHPtVUPHP2O59CwZ/s/HO7GJYPa21eefwf2cvEr/what-is-srb">Read the methodologies behind the SRB Reward rates for different networks</a></li><li><a href="https://www.stakingrewards.com/staking-data-api">Explore the Staking Data API with a free 30-day trial</a></li></ul>

Introducing Staking Rewards Benchmarks (SRB): The Standard for Staking Data Metrics

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