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Reward Token: $OFO (OffshoreDAO Governance Token)

CNHO Stables application chain’s block rewards are funded by the $OFO token on Ethereum. This incentivizes validators and delegators, and supports the security and decentralization of the network.

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Launch Parameters

  • Reward Start Height (TBD): Begins from block 5,000,000 on the CNHO Stables chain, orwhen the number of active validators reach 200 .
  • Base Reward: 2 OFO per block
  • Future Adjustment: Block rewards can be adjusted dynamically through DAO proposals

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Reward Distribution Mechanism

Each block produces 2 OFO, distributed as follows: 1. Validator Commission Reward:
  • The block proposer (validator) receives a commission based on their set rate
  • Example: 10% commission = 0.2 OFO out of 2 OFO
2. Delegator Rewards:
  • The remaining portion (e.g., 1.8 OFO) is distributed among all delegators under the validator based on their stake proportion
  • Formula:
  reward = (delegator stake / total stake) * distributable OFO

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Example

Validator A (commission rate: 10%) has a total stake of 10,000 CNHO Delegator Alice has staked 1,000 CNHO Block Reward: 2.00 OFO Validator Commission: 0.20 OFO Distributable to Delegators: 1.80 OFO Alice earns: (1000 / 10000) * 1.80 = 0.18 OFO

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Reward Tracking and Calculation

  • All rewards are recorded via on-chain events (block height, validator, distribution)
  • An off-chain Indexer periodically scans the chain and calculates cumulative rewards for each address
  • Frontend dashboard supports address query, reward overview, and claim history display

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User-side Reward Metrics

Displayed on Dashboard after wallet connection:
  • Total Earned: Total OFO earned
  • Validator Commission: Reward as validator
  • Delegator Rewards: Reward as delegator
  • Claimed / Unclaimed / Claimable: Breakdown of claimed and pending rewards

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Claiming Mechanism

  • All rewards are calculated off-chain and updated regularly
  • Users can manually claim rewards via the dashboard (using their Ethereum address)
  • Claims are verified using a Merkle Tree and signature system
  • Actual transfer is executed by an Ethereum smart contract

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Future Plans

  • ✅ Dashboard for reward tracking: Launched
  • ⏳ Claim functionality: In development
  • ⏳ Scheduled auto-distribution: Community governance to decide
  • ✅ DAO parameter proposals: Enabled for reward rate, validator logic, etc.

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Design Principles

  • Incentivize validators to produce blocks and attract delegators
  • Encourage long-term staking to secure the chain
  • Maintain $OFO on Ethereum as the governance and liquidity hub