Lock Requirement

Requirements

All relays, with the exception of the Anyone Router hardware, must lock tokens to register it’s relay fingerprint that registers for rewards.

Updated Requirements

• Initial Staking Requirement: Operators must lock 100 $ANYONE tokens.

• Lock-In Period: The tokens are locked for a minimum of 180 days and subsequently as long as the user still wishes to receive rewards.

• Unstaking Period: Following the lock-in period, there is a 14-day unstaking period that users initiate when they wish to withdraw.

Note: Locking as a Network Requirement: The next set of Anyone client updates will see the relay lock requirement play a part in relay onboarding, creating a requirement for a relay to have a successful token lock to be used by clients. This allows the network stability created by the lock mechanism to extend to protect against adversaries who are not motivated by rewards.

Delegated Locking

To further lower the barrier to entry and encourage cooperation within the community, one token holder can lock $ANYONE on behalf of another user’s fingerprint. The user who locks is subject to the 180-day lock and 14-day unstaking period, but otherwise has full control over their tokens and is not at risk of slashing. Currently, there is no bonus for delegated locking, but a percentage upstream will be considered based on prevalence and user behaviour in testnet.

Lock Rationale and Goals

Scalability and Security: The adjustments to staking requirements and the delegated locking function aim to lower the barrier for new relay operators, promoting a more extensive and robust network. This strategy is intended to enhance the network's security and overall capacity by diversifying participation.

Incentive Alignment: The structured rewards and staking system are designed to align closely with operators' contributions to network health, encouraging high performance, reliability, and declaration of relay families.

Rationale for Lock-in and Unstaking Periods

• Commitment to Network Integrity: The lock-in and unstaking periods, along with the reward structure, underscore the Anyone Network's commitment to long-term stability and operator investment in the ecosystem's success.

• Network Stability and Reduced Volatility: By implementing a lock-in period and a structured unstaking process, the network ensures that it has a stable and committed base of relay operators. This stability is crucial for maintaining service reliability and network performance.

• Minimizing Sudden Liquidity Shocks: The introduction of an unstaking period is strategically designed to prevent the immediate withdrawal of stakes, which could lead to sudden liquidity shocks in the network. This measured approach to unstaking ensures that the network can plan for and manage liquidity more effectively, avoiding potential disruptions that could arise from sudden large-scale withdrawals. This delay helps align the operators' financial incentives with the long-term health and success of the network.