AURA Staking Stats — Period 1 – Aurora DAO – Medium
The first month of AURA staking is in the books, and with it an initial payout of 146 ETH (over $20k at the time of payout, an APY of almost 30%). With this we also took the opportunity to review the network and node data in more detail. Tier 3 staking is providing us with information that will inform both additional improvements to this tier as well as the design of the remaining tiers. We’re interested in understanding the makeup of stakers and node operators, how the network is performing, and the overall ease of use and onboarding experience.
AURA Staking Quantities
Over 300 nodes participated staking over 1/3 of the circulating supply.
- 321 unique nodes were created during the first month
- The wallets associated with these 321 nodes contained 53M AURA
- 224 of the 321 nodes were active at the time of first period close
- The wallets associated with these 224 live nodes contained 37M AURA
The amount of AURA staked varied widely across the 321 wallets.
- Max — 8.9M
- Min — 10k
- Average — 166K
- Median — 20k
Note that the Aurora team is not currently staking any of their founder or company stake, and that all of these nodes are owned and operated by IDXM holders and community members.
AURA Staking Uptime
The first period consisted of approximately 38 days. Measuring the uptime of each node helps us understand both how quickly the first users were able to set up their nodes, as well as how many users maintained their node during the entire staking period. The node with the highest uptime started within an hour of the staking launch and was active throughout the entire process. The top 10 stakers all had greater than 95% uptime. We expect these metrics to improve as client updates stabilize and as node operators become more familiar with the process.
An OnlineWindow is the base unit of online time tracking that we employ. A new window is recorded every time a staker goes into rotation (assuming they meet the staking criteria: adequate stake, blockchain up to date, valid sigs, etc), and with this new entry setting the periodStart and periodEnd timestamps. The AuraD staking coordinator sends a keepalive every 30s to confirm that the node is still active, and for every valid keepalive, the periodEnd is updated with a new timestamp. If >= 60s has passed since the periodEnd timestamp, the current record is closed and a new record is opened.
The graph below shows the tracking of all new windows, windows >= 1 min of duration, and windows >= 5 min of duration.
The large spike at the beginning corresponds with the launch of staking. As expected there are a large number of new windows being generated, and only a subset of these are online for a meaningful amount of time. This represents the number of users working to understand the process and stabilize their node operations. The sharp drop off after the launch shows that after a few days most users were operating successfully.
The spike also reflects a configuration change we made to the AuraD staking coordinator. At launch we encountered limits with our hosting service as DNS updates were throttled. This caused the application to randomly fail keepalives but then recover, leading to a large number of split windows (note this did not impact payouts). We subsequently both raised our limits and stopped using our hosting service APIs for simple lookups which resolved the issue.
The graph below shows the same window tracking after the large spike, allowing us to adjust the Y-axis scale to something more readable.
This chart is further evidence that after the initial setup period most users were able to stabilize their node operations. On some days, such as 01/26, new windows and those >=5 min are almost identical, indicating that most users established a new window of a longer duration on their first try. The staking client update on 01/24 is also reflected in this chart, with the spike in new window creation associated with people transitioning.
Period 2 — Mar 3, 2019
The second period closes in four days, after which we’ll have even more stats to share. Additionally we’ve just pushed the latest updated version, AuraD 0.1.3, that includes real-time credit tracking for stakers. If you have any other ideas of things you’d like to see in the client or reporting stats please join our discord community and let us know!
~Team IDEX (Aurora)
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