Magnet
  • Welcome to Magnet
  • Overview
    • Magnet Network Features
      • Magnet Coretime
      • Coretime Order Control and Assurance
      • Workflows of Magnet Network
      • Profit Calcuation and Distribution
    • Magnet Stack Features
      • Magnet Stack Coretime Modules
  • Product Guides
    • Setup a Local Node
      • Installing Substrate Dependencies
      • Launching the Local Relay Chain
      • Build the Magnet Node
      • Prepare the parachain Collator
      • Register on the Local Relay Chain
    • Deploy Contracts on Magnet Network
      • EVM Contract Deployment
      • WASM Contract Deployment
      • MoveVM Contract Deployment
    • Bridge Asset
      • Bridging Asset between EVM and Substrate
      • Bridging Asset with XCM
    • Develop Coretime-Ready chain with Magnet Stack
      • Preparation: Reserve a ParaID
      • Preparation: Generate the Collator's Address
      • Preparation: Purchase Bulk Core
      • Using Magnet Stack : Coretime Configuration
      • Using Magnet Stack : Virtual Machine Configuration
      • Using Magnet Stack : Functional Models
      • Using Magnet Stack : Summary
      • Deployment & Connection to Rocococ
        • Define the collator's address
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  1. Product Guides
  2. Develop Coretime-Ready chain with Magnet Stack

Using Magnet Stack : Functional Models

Step 3: Choose additional functional models

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Last updated 8 months ago

Profit Distribution:

- Define the target address and distribution ratios for profit.

- If left empty, profit distribution will be disabled, and profits will remain in the system account.

If DOT is selected as the gas token in the coretime configuration, any price difference between the coretime orders and the gas fees collected per block will be calculated as profit and automatically allocated to the designated address.

If you choose your native token as the gas token, all gas fees collected will be allocated directly, without involving DOT.

For more infortmaion about profit calcuation, please refer to this section:

Assurance:

This function ensures that coretime order placement is forced and block production continues if the order control mechanisms (Price Limit & Price Threshold) halt order placement for longer than the defined bid threshold.

The bid threshold is specified by the number of relay chain blocks. For example, if the bid threshold is set to 8, on-demand order placement can be halted for up to 8 relay chain blocks if the Price Limit and Price Threshold conditions are not met.

You may define bid threshold in this section.

For more information about assurance function, please refer to this section:

Other Functions:

- : Facilitates communication and data transfer between different blockchains within the Polkadot and Kusama ecosystems.

- OpenGov: Provides a framework for decentralized governance, allowing stakeholders to propose and vote on network changes.

- : Proxies enable users to engage less frequently with an account while still actively contributing to the network with the token weight of that account. Proxies have the authority to execute a limited set of actions pertaining to certain substrate pallets on behalf of another account.

- : Enables joint account control by requiring multiple signatures for transaction approval.

Profit Calcuation and Distribution
Coretime Order Control and Assurance
XCM
Proxy
Multisig