Using Magnet Stack : Functional Models

Step 3: Choose additional functional models

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:

Profit Calcuation and Distribution

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:

Coretime Order Control and Assurance

Other Functions:

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

- Proxy: 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.

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

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