Specifications
Pointing system and staking explained in-depth
Last updated
Pointing system and staking explained in-depth
Last updated
Research Points are a representation of the cost associated with a research project. Each project posted on Labda is assigned a specific amount of Research Points, which corresponds to the total funding required for that project. Research Points are directly tied to Labda tokens or ETH, meaning they serve as a way to determine how much financial support a project needs. When users/scientists fund a project, they are essentially contributing the equivalent value in tokens to meet the Research Points target. These points ensure that both parties—researchers and funders—have a clear understanding of the project's value and funding requirements.
To help the platform run smoothly and securely over time, Labda relies on a network of validators who stake Labda tokens. Users can participate in this process by staking through a decentralized application (dApp) on the project's official website. This staking process is essential for maintaining the private blockchain and ensuring that transactions are validated and recorded accurately. By staking tokens, users support the integrity and decentralization of the network. In return, they earn rewards for their participation. This mechanism helps Labda's blockchain operate efficiently and sustainably, allowing the platform to grow and function securely over the long term, while also rewarding those who stake with a flexible APR system dependent on demand.
