Many of these parameter values will be updated via on-chain governance over time. We will try to keep them updated here as they change. If you require absolute certainty of these parameter values, it is recommended you directly check the constants by looking at the chain state and/or storage using the Geode Portal.
Periods of common actions and attributes
Slot: 6 seconds *(generally one block per slot, although see note below)
Epoch: 4 hours (2400 slots x 6 seconds)
Session: 4 hours (Session and Epoch lengths are the same)
Era: 24 hours (6 sessions per Era, 2400 slots x 6 epochs x 6 seconds)
Geode
Time
Slots/Blocks*
Slot
6 seconds
1
Epoch
4 hours
2400
Session
4 hours
2400
Era
24 hours
14400
*A maximum of one block per slot can be in a canonical chain. Occasionally, a slot will be without a block in the chain. Thus, the times given are estimates. See Consensus for more details.
Accounts & Identity
The Existential Deposit is 10 GEODE
The deposit required to set an Identity is 10 GEODE
Governance
Democracy
Time
Slots
Description
Voting period
28 days
403,200
How long the public can vote on a referendum.
Launch period
28 days
403,200
How long the public can select which proposal to hold a referendum on, i.e., every week, the highest-weighted proposal will be selected to have a referendum.
Enactment period
28 days
403,200
Time it takes for a successful referendum to be implemented on the network.
Council
Time
Slots
Description
Term duration
7 days
100,800
The length of a council member’s term until the next election round.
Voting period
7 days
100,800
The council’s voting period for motions.
Technical committee
Time
Slots
Description
Cool-off period
7 days
100,800
The time a veto from the technical committee lasts before the proposal can be submitted again.
Emergency voting period
3 hours
1,800
The voting period after the technical committee expedites voting.
Staking, Validating, and Nominating
Maximum number of Validators that can be nominated by a nominator = 16
Geode
Time
Slots
Description
Term duration
1 Day
14,400
The time for which a validator is in the set after being elected. Note, this duration can be shortened in the case that a validator misbehaves.
Nomination period
1 Day
14,400
How often a new validator set is elected according to Phragmén’s method.
Bonding duration
28 days
403,200
How long until your funds will be transferrable after unbonding. Note that the bonding duration is defined in eras, not directly by slots.
Slash defer duration
28 days
403,200
Prevents overslashing and validators “escaping” and getting their nominators slashed with no repercussions to themselves. Note that the bonding duration is defined in eras, not directly by slots.
Treasury
Treasury
Time
Slots
Description
Periods between spends
28 days
403,200
When the treasury can spend again after spending previously.
Burn percentage is currently 20.00%. The is, if the treasury reaches the end of each 28 days and has not spent all of its coin, then 20% will be burned.
Precision
GEODE have 12 decimals of precision. In other words, 10 ** 12 (1_000_000_000_000 or 1 trillion) Zeolites make up one GEODE.
