In Season 2, Symbiotic points are distributed among networks, stakers, vault curators, and operators. The basics of the system and migration from season 1 (pre-mainnet) can be found in the official docs.
Points are calculated on a per-network basis. Each network receives up to 5% of the allocated points to distribute to their treasury, partners, or users, a default of 5% goes to the networks’ operators, and the remaining 90+% is distributed among vaults opted in to a network based on their stake. Additionally, vault curators can set an admin fee of up to 5% and will receive that share, while the rest is distributed among stakers proportionally to their deposits. Finally, points earned can be impacted by decentralization metrics and restaking ratios (more on this below).
Points are allocated for networks and then distributed among other participants based on:
The total points a network receives is calculated as:
$$ Network Stake \times Points Rate \times 0.0005 $$
where 0.0005 is the maximum points allocation rate per hour across all networks.
Example: If a network has a stake of $10M and a points rate of 0.8, the points it earns per hour would be:
10M * 0.8 * 0.0005 = 4000points per hour
At Symbiotic, security of staked funds is a top priority. To ensure funds remain safe and well-balanced across vaults, networks, and operators, we introduce the points rate.
The points rate is determined by two factors, each ranging from 0 to 1:
The points rate is simply the product of these two values:
Example: If a network has a mining rate of 0.9 and a security rate of 0.7, its points rate would be:
0.9 * 0.7 = 0.63