StakingLink to this section
TL;DRLink to this section
- You stake SQK, the token, to a Squeek. It raises the Squeek's active power, up to the maximum its level sets.
- Active power sets a Squeek's share of each block's SQK, so holding a Squeek alone isn't enough.
- This is Proof of Squeek, Squeekchain's proof-of-stake system.
In active development
Squeek staking is in active development. More details on the system and its mechanics will be shared shortly.
How does staking work?Link to this section
Each Squeek's level sets its maximum power. The SQK staked to it decides how much of that power is active, and active power sets the Squeek's share of each block's SQK.
What is Proof of Squeek?Link to this section
Proof of Squeek is Squeekchain's proof-of-stake system for distributing the SQK the hamster's work creates. The hamster mines Squeek blocks with proof of work; Squeeks share each block's SQK by their active power.
Related pagesLink to this section
Applies SqueekCore or SqueekMining upgrades authorized by its governing Timelock.
Generates Squeek images and metadata from fixed onchain visual data.
Records physical work and earned block units on Ethereum, with difficulty adapting after active rounds.
Calculates rewards from settled work, holds funded SQK, and pays eligible NFT owners.
The Squeeks ERC-721 contract. Tracks NFT ownership and coordinates minting and merges with SqueekMining.
The SQK ERC-20 contract. Enforces the lifetime supply cap; only SqueekMining can mint SQK.
Queues governance operations and enforces a delay before they can be executed.
Checks that visual data conforms to the required DotGrid format.
When new power starts earning. Minting and merging schedule it for the next round, and a checkpoint applies it.
A reward update that processes settled Squeek blocks, issues their SQK, and applies scheduled power changes.
The Squeek permanently burned in a merge. Its unclaimed rewards move to the survivor, but its image is not combined or kept.
SQK issued as settled Squeek blocks are processed: 5,600 SQK for each completed block, up to the lifetime cap.
Squeekchain's record of accepted wheel-magnet passages.
Combining two eligible same-level Squeeks you own into one higher-level Squeek. One NFT is burned; the survivor keeps both Squeeks' unclaimed rewards.
The completed Squeek blocks a Squeek waits through before it can merge again. It follows the Squeek through transfers.
What a Squeek earns with. Its level sets its maximum power; each Squeek block's SQK is divided across all active power in proportion.
A ten-minute period used to group measured work. The device saves a completed round's work total when measurement remained uninterrupted.
The token each completed Squeek block issues, shared by active power. It has a lifetime supply cap.
An NFT that owns a share of the Squeekchain network. It receives SQK from the hamster's work according to its active power, set by its level and the SQK staked to it.
One billion block units earned from settled work at each round's difficulty. Completed blocks supply SQK under the mining reward rules.
Squeekchain's ecosystem for hamster-powered onchain finance, built on the public work record.
The Squeek you keep in a merge. It gains a level, keeps its ID and image, and receives both Squeeks' unclaimed rewards.
A Squeek's recorded reward balance that hasn't been paid to a wallet. It stays with the Squeek when ownership changes.
The hamster mining device. It records accepted wheel-magnet passages as work.
One wheel-magnet passage that met the device's counting rules.