Balance Rewards
Last updated
Last updated
The Balance Rewards feature is a unique aspect of the Xahau network that allows users to accumulate and claim rewards based on their account balance. This feature is implemented through a combination of native code (BalanceRewards Amendment) and hook code (Genesis Account's Reward Hook).
A ClaimReward transaction allows an account to claim the rewards it has accumulated. The rewards can be claimed by the account owner or by a specified issuer. The account can also opt-out of rewards by setting the Flags field to 1.
The GenesisMint transaction type is also associated with the Balance Rewards feature. This is an Emitted transaction that is executed through the Reward Hook every time a user claims balance rewards.