Represents the inherent worth gained from enabling transactions within the network, serving as a means of settlement.
[1] = ƒ(transaction_volume, average_gas_fee)
transaction_volume — captures the aggregate amount of transactions handled by the Chiliz network during a specific timeframeaverage_gas_fee — reflects the typical cost per transaction for utilizing the network, commonly known as gas feesRepresents the deflationary appreciation of the CHZ token due to fee burning acc. to EIP-1559.
[21] = ƒ(total_volume, burning_rate)
total_volume — represents the total volume of CHZburning_rate — represents the rate at which CHZ is burntRepresents the cashflow denominated in CHZ, generated from block rewards and priority fees, with a portion allocated for network reinvestment and the remainder distributed to the validator and their delegator. This particular OoV represents the validator's share.
[22] = ƒ([81], total_reward, validator_allocation, commission_level)
total_reward — represents the total amount of CHZ to be distributedvalidator_allocation — reflects the share of the cashflow, in CHZ, allotted proportionally to the validator in questioncommission_level — reflects the commission level that is set by the validator to determine the premium he receives compared to a purely proportional distributionRepresents the portion of the validator rewards that are allocated to the delegators (proportionally less a validator-specific commission).
[23] = ƒ([82], total_reward, validator_allocation, commission_level)
total_reward — represents the total amount of CHZ to be distributedvalidator_allocation — reflects the share of the cashflow, in CHZ, allotted proportionally to the validator in questioncommission_level — reflects the commission level that is set by the validator to determine the premium he receives compared to a purely proportional distributionReflects the possible financial losses the validator, and delegator might face due to the slashing or depreciation of their staked CHZ tokens.
[7] = ƒ(amount_staked, price_at_stake, stake_period)
amount_staked — represents the total number of CHZ tokens that the validator has staked in the network, measured in CHZ, showing the amount of capital exposed to riskprice_at_stake — indicates the price of CHZ at the moment of staking and therefore the total risk-exposed valuestake_period — reflects the length of the token immobilisation period (no less than 72,000 blocks)Encompasses the essential tasks performed by the validator, such as operating nodes and validating blocks, to maintain and support the network’s functionality.
[81] = binary
binary — signals whether a validator is actively performing their node operation and block validation responsibilitiesEncompasses the delegation of stake by users to the validator for the purposes of governance and periodic active set election.
[82] = ƒ([7], stake_assignment, stake_amounts)
stake_assignment — represents the delegated amount and the validator chosen as a delegateestake_amounts — represents the preexisting stake distributionEncompasses the participation of a validator owner in the governance process in either capacity.
[83] = binary
Governance represents the ability of the validators to influence critical protocol parameters, such as staking mechanism parameters and the token economic model.
[3] = ƒ([7], [83], user_vote_allocation, user_strategy_representation)
user_vote_allocation — indicates the vote distributions of the validator owneruser_strategy_representation — illustrates the strategic preferences of a validator owner