On KILT, a delegator receives a reward when their collator successfully produces blocks.
17 Oct 2022, 08:01
On KILT, a delegator receives a reward when their collator successfully produces blocks. For the first year of KILT, which started in late September 2021, this reward is 8%. Then it decreases to 6% for the second year. Years are measured in block time, not days, so the changeover from the first year to the second year will happen around two months from now in early December.
From the beginning of the third year there will be no reward for delegators, as it is anticipated that by then other KILT functions will be in place that will provide opportunities for token holders to support the system and earn rewards.
The delegator rewards are built into KILT’s very low inflation rate, which starts at approx. 5% and falls to below 1% after 6 years, to support the sustainable and long-term growth of the ecosystem