💰Rewards

The following paragraphs give an overview of how rewards are created and managed. The following stages are processed until someone can access their RDDL rewards:

1. Reward Calculation

2. Clearance Process: re-issuance & distribution

3. Claiming Rewards

Staging the Rewards

RDDL tokens are issued as the final rewards of a PoP to a PoP-related multi-sig wallet (PoP wallet) on the Liquid network.

Rewarded PoP participants can claim their rewards from this wallet. Tokens to claim RDDL from the PoP-Wallet are minted once a day by a clearance process on Planetmint. The minted tokens representing claims are named cRDDL (claimable RDDL).

The block proposing validator verifying the ReportPoPResult message from the challenger mints stagedCRDDL following the reward calculation. The resulting stagedCRDDL tokens are converted to cRDDL by the clearance process.

Claiming RDDLS

Details are to be defined. The claiming of RDDL will be issued by a Planetmint message. That message will burn cRDDL and transfer RDDL tokens from the PoP wallet to the specified Liquid address.

More details will follow soon.