Glossary
The words these pages use, in the order a staker meets them.
Earning
- APR
- A yearly rate without compounding. Rewards are paid out, never added to the stake, so there is no APY here.
- Network APR
- What sequencers were paid over the last days, as a yearly rate, before any provider's commission. It is measured from the rollup's reward counters, not promised.
- Net APR
- Network APR after a provider's commission: what a delegator keeps. It moves with the network's rate.
- Commission
- The share of rewards a provider keeps. For each stake it is fixed at the rate when the stake was made; a later change applies to new stakes only.
- Payout contract
- A contract that receives a provider's rewards and shares them out on chain between the provider and its delegators. Also called a split.
- Automatic payout
- Rewards go through the payout contract, so the chain does the sharing. The alternative is a provider that receives the rewards and pays delegators itself, shown as "Provider pays you".
- Ready to withdraw
- Rewards already shared out and waiting for their recipient to withdraw them. Anyone can send the transaction; the money only goes to its recipient.
Staking
- Sequencer
- A staked node that proposes blocks in its slots and attests to the blocks of others; each one is a single staked position.
- Provider
- An operator that runs sequencers with other people's stake, for a commission. The staker keeps the right to withdraw.
- Entry queue
- New stake waits here before it becomes a sequencer, and a little longer before it can be drawn into a committee and earn. The times shown are estimates.
- Older rollup
- Aztec upgrades by starting a new rollup version. Stake that was set to move with upgrades follows it. Stake fixed to one version stays behind, earns no block rewards, and has to be withdrawn and staked again by its owner.
- Withdrawing
- Leaving takes two transactions with a wait between them: start the withdrawal, then collect once the delay set by Governance has passed. Only the withdrawer address of a stake can do it.
- Needs a payout address
- A stake that has left the validator set and waits for its withdrawer to say where it should be paid.
- Slash
- An amount the protocol takes from a sequencer's stake as a penalty.
The network
- Slot
- A fixed window of time in which one sequencer, chosen in advance, may propose a block.
- Epoch
- A run of slots with one committee, whose rewards are credited only once a proof of the epoch lands on Ethereum.
- Committee
- The sequencers drawn to attest during an epoch, chosen from the stake as it stood a few epochs earlier, so new stake waits before it can be drawn.
- Attestation
- Sequencers in the committee sign (attest) each block. This is the share of those signatures they delivered. Under 95% risks the Foundation's delegation threshold.
- Proving
- Each epoch needs a proof on Ethereum before its rewards are credited. "Epochs unproven" counts the ones still waiting.
- One Aztec node
- Attestation figures come from a single node's view over the window shown, not from the chain. Another node may have seen slightly different numbers.
- Index
- Quadrant's own record of the chain. "Index synced" means it has caught up with Ethereum; it says nothing about the health of Aztec.
- GSE
- The Governance Staking Escrow: the contract that holds the stake of every rollup version and records who votes with it.
Governance
- Pending, voting, queued, executable
- The four phases of a proposal. Voting power is measured when pending ends, votes are cast during voting, a passed proposal then waits in the queue, and after that anyone can execute it until it expires.
- Snapshot
- The moment a proposal's voting power is measured. Moving a vote after it changes nothing for that proposal.
- Votes with the rollup
- By default the vote of a stake sits with the rollup it is on, and the rollup votes yes on proposals its sequencers signalled for. That yes counts only once someone sends the vote transaction to the rollup. To vote otherwise, move the vote to yourself before the snapshot.
- Quorum and pass line
- A proposal passes when enough of all voting power took part (quorum) and enough of the votes cast were yes (pass line). Both are set by Governance and shown on each proposal.