From 590e113f16ac08bca905e65605c209a8cf6cf8a8 Mon Sep 17 00:00:00 2001 From: "Ryan M. Shea" <8948187+rmshea@users.noreply.github.com> Date: Tue, 7 Sep 2021 22:24:43 -0600 Subject: [PATCH] Grammar nits (#19703) * Grammar nits * add Phantom to staking docs --- docs/src/economics_overview.md | 4 ++-- docs/src/inflation/inflation_schedule.md | 2 +- docs/src/inflation/terminology.md | 2 +- docs/src/staking.md | 3 +++ 4 files changed, 7 insertions(+), 4 deletions(-) diff --git a/docs/src/economics_overview.md b/docs/src/economics_overview.md index 6d140e070..51997f07c 100644 --- a/docs/src/economics_overview.md +++ b/docs/src/economics_overview.md @@ -15,6 +15,6 @@ delegated stake and validator set (per validator commission). As discussed furth Transaction fees are participant-to-participant transfers, attached to network interactions as a motivation and compensation for the inclusion and execution of a proposed transaction. A mechanism for long-term economic stability and forking protection through partial burning of each transaction fee is also discussed below. -First an overview of the inflation design is presented. This section starts with defining and clarifying [Terminology](inflation/terminology.md) commonly used subsequently in the discussion of inflation and the related components. Following that, we outline Solana's proposed [Inflation Schedule](inflation/inflation_schedule.md), i.e. the specific parameters that uniquely parameterize the protocol-driven inflationary issuance over time. Next is a brief section on [Adjusted Staking Yield](inflation/adjusted_staking_yield.md), and how token dilution might influence staking behavior. +First, an overview of the inflation design is presented. This section starts with defining and clarifying [Terminology](inflation/terminology.md) commonly used subsequently in the discussion of inflation and the related components. Following that, we outline Solana's proposed [Inflation Schedule](inflation/inflation_schedule.md), i.e. the specific parameters that uniquely parameterize the protocol-driven inflationary issuance over time. Next is a brief section on [Adjusted Staking Yield](inflation/adjusted_staking_yield.md), and how token dilution might influence staking behavior. -A overview of [Transaction Fees](transaction_fees.md) on Solana is followed by a discussion of [Storage Rent Economics](storage_rent_economics.md) in which we describe an implementation of storage rent to account for the externality costs of maintaining the active state of the ledger. +An overview of [Transaction Fees](transaction_fees.md) on Solana is followed by a discussion of [Storage Rent Economics](storage_rent_economics.md) in which we describe an implementation of storage rent to account for the externality costs of maintaining the active state of the ledger. diff --git a/docs/src/inflation/inflation_schedule.md b/docs/src/inflation/inflation_schedule.md index fdc42e84f..1b6777ebd 100644 --- a/docs/src/inflation/inflation_schedule.md +++ b/docs/src/inflation/inflation_schedule.md @@ -6,7 +6,7 @@ As mentioned above, the network's _Inflation Schedule_ is uniquely described by - A large portion of the SOL issued via inflation will be distributed to stake-holders in proportion to the SOL they have staked. We want to ensure that the _Inflation Schedule_ design results in reasonable _Staking Yields_ for token holders who delegate SOL and for validation service providers (via commissions taken from _Staking Yields_). - The primary driver of _Staked Yield_ is the amount of SOL staked divided by the total amount of SOL (% of total SOL staked). Therefore the distribution and delegation of tokens across validators are important factors to understand when determining initial inflation parameters. -- [Yield throttling](https://forums.solana.com/t/validator-yield-throttling-proposal-discussion/855/5) is a current area or research that would impact _staking-yields_. This is not taken into consideration in the discussion here or the modeling below. +- [Yield throttling](https://forums.solana.com/t/validator-yield-throttling-proposal-discussion/855/5) is a current area of research that would impact _staking-yields_. This is not taken into consideration in the discussion here or the modeling below. - Overall token issuance - i.e. what do we expect the Current Total Supply to be in 10 years, or 20 years? - Long-term, steady-state inflation is an important consideration not only for sustainable support for the validator ecosystem and the Solana Foundation grant programs, but also should be tuned in consideration with expected token losses and burning over time. - The rate at which we expect network usage to grow, as a consideration to the dis-inflationary rate. Over time, we plan for inflation to drop and expect that usage will grow. diff --git a/docs/src/inflation/terminology.md b/docs/src/inflation/terminology.md index 796547df0..df7ae3122 100644 --- a/docs/src/inflation/terminology.md +++ b/docs/src/inflation/terminology.md @@ -32,7 +32,7 @@ The inflation rate actually observed on the Solana network after accounting for The rate of return (aka _interest_) earned on SOL staked on the network. It is often quoted as an annualized rate (e.g. "the network _staking yield_ is currently $10\%$ per year"). - _Staking yield_ is of great interest to validators and token holders who wish to delegate their tokens to avoid token dilution due to inflation (the extent of which is discussed below). -- $100\%$ of inflationary issuances are to be distributed to staked token-holders in proportion to their staked SOL and to validators who charge a commission on the rewards earned by their delegated SOL.. +- $100\%$ of inflationary issuances are to be distributed to staked token-holders in proportion to their staked SOL and to validators who charge a commission on the rewards earned by their delegated SOL. - There may be future consideration for an additional split of inflation issuance with the introduction of _Archivers_ into the economy. _Archivers_ are network participants who provide a decentralized storage service and should also be incentivized with token distribution from inflation issuances for this service. - Similarly, early designs specified a fixed percentage of inflationary issuance to be delivered to the Foundation treasury for operational expenses and future grants. However, inflation will be launching without any portion allocated to the Foundation. - _Staking yield_ can be calculated from the _Inflation Schedule_ along with the fraction of the _Total Current Supply_ that is staked at any given time. The explicit relationship is given by: diff --git a/docs/src/staking.md b/docs/src/staking.md index db682f178..f45f0646a 100644 --- a/docs/src/staking.md +++ b/docs/src/staking.md @@ -56,6 +56,9 @@ and do the delegation. Staking operations are supported by the following wallet solutions: +- Phantom.app in conjunction with a seed phrase or a Ledger Nano. + Check out Phantom's [guide to staking](https://phantom.app/blog/solana-staking-in-just-3-clicks) for details. + - SolFlare.com in conjunction with a keystore file or a Ledger Nano. Check out our [guide to using SolFlare](wallet-guide/solflare.md) for details.