Parameters
This is the initial parameter for Selendra. Though, the values can be updated via on-chain governance in the future.
Periods
- Block: 6 seconds *(generally one block per slot, although see note below)
- Epoch: 4 hours (2_400 slots x 6 seconds)
- Session: 4 hours (Session and Epoch lengths are the same)
- Era: 24 hours (6 sessions per Era, 2_400 slots x 6 epochs x 6 seconds)
| Selendra | Time | Block* |
|---|---|---|
| Block | 6 seconds | 1 |
| Epoch | 4 hours | 2_400 |
| Session | 4 hours | 2_400 |
| Era | 24 hours | 14_40 |
Accounts and Identity
- The existential deposit is 1.00001 SEL
- The deposit required to set an on-chain identity is 31.00001 SEL
Staking, Validating, and Nominating
Maximum number of Validators that can be nominated by a nominator - 16
| Selendra | Time | Slots | Description |
|---|---|---|---|
| Term duration | 1 Day | 14_400 | The time for which a validator is in the set after being elected. Note, this duration can be shortened in the case that a validator misbehaves. |
| Nomination period | 1 Day | 14_400 | How often a new validator set is elected according to Phragmén's method. |
| Bonding duration | 28 days | 403_200 | How long until your funds will be transferrable after unbonding. Note that the bonding duration is defined in eras, not directly by slots. |
| Slash defer duration | 28 days | 403_200 | Prevents overslashing and validators "escaping" and getting their nominators slashed with no repercussions to themselves. Note that the bonding duration is defined in eras, not directly by slots. |
Treasury
| Treasury | Time | Slots | Description |
|---|---|---|---|
| Periods between spends | 24 days | 345_600 | When the treasury can spend again after spending previously. |
Precision
SEL have 18 decimals of precision. In other words, 10 ** 18 (1_000_000_000_000_000_000 or one thausand billion) Plancks make up a SEL.