Learn·Markets
Where the validator APR figure comes from
One epoch of observed dividends, net of take, annualised — computed from the chain, and honest about being a snapshot.
Read from the chain, not from an API
Taosis reads each subnet's metagraph directly and takes the last epoch's alpha dividends for each validator, net of that validator's take.
There is no third-party API in this path. That is deliberate: a market data provider having an outage used to be able to break the swap form itself.
The annualisation, stated plainly
The rate is r = D / (A − D), where D is the epoch's dividends and A the stake behind them. Annualising means compounding r over the number of epochs in a year.
We compute that in log space — growth = epochs × ln(1+r) — because the direct form overflows on a subnet with a short tempo. An implausible result is discarded rather than displayed.
What it is not
It is one epoch, extrapolated. It is not a promise, not an average of a long history, and not a track record.
A track record is a different question — whether a validator has actually paid, consistently — and Taosis answers it separately, refusing to answer at all until the series is long enough.