Staking Rewards
Last updated
Last updated
For miners, joining the Lark Network requires staking a certain amount of cryptocurrency as Proof and Access stakes to participate in the network. Miners can earn two types of staking rewards:
Proof-of-Stake (PoS) Staking
Miners must stake a certain amount of tokens as network validators to help protect the protocol from liquidity crises. By staking, miners gain the opportunity to create new blocks and earn staking rewards.
Stake-for-Access (SFA) Staking
Miners must stake tokens as network service providers to perform rendering tasks and access services within the Lark Network, receiving staking rewards in return. The Stake-for-Access (SFA) model, also known as the Work Token Model, is a commonly used token mechanism in Web3.0 infrastructure protocols. It addresses scalability issues and establishes a direct relationship between network usage and token value. Under SFA, service providers must stake native tokens to perform work on the network. This mechanism converts network participation into token demand, with staked tokens serving as collateral and providing a means to penalize malicious actors within the network.