Pay interest for stake

Description

Mercury requirement
As a validating node operator, I want to receive interest in REV on my bond amount as defined by the schedule in the mint.

Validator nodes in the root shard receive issuance at a rate of 7% annualized return, paid monthly. The Rev is minted and distributed to all validators every month.

The newly minted Rev is distributed via a new RevVault (so that validators can cash out the Rev if they wish).

The monthly rate is: (1.07)^(1/12)-1 = 0.57%

Done when

  • Features implemented to produce this story

  • There is an integration test that demonstrates this story

Status

Assignee

Unassigned

Reporter

Kelly Foster

Components

Story Points

None

Sprint

Priority

Low

Epic Name

Pay interest on stake to validating node operators