eth2 Calculator (Main)

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3		Telegram: @eth2calculator
4		Telegram: @StakeETH
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6	Hey Everyone! Welcome to the official eth2 Calculator. The purpose of this calculator is to increase transparency and discovery around the economics of eth2. This model is 100% open source so please make a copy and begin experimenting with it on your own. If you have any questions please DM me directly @StakeETH.		Instructions
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11			Calculator Overview: The eth2 calculator is meant to be highly customizable and is suited for any validator wishing to run their own infrastructure through an at home computer or by using a VPS. Many assumptions can be made in this model about the state of the network at any given point in time. As a result, this tool is equally meant for protocol researchers and economists to test and push the limits of the eth2 spec. We hope that this tool brings about challenging questions and eventually EIP's. Please use this tool respectfully and remember eth2 is a beautful complex system and all outputs are assumptions of that system, not necessarily fact. The economics of eth2 are subject to a variety of variables, especially human behavior, which we know is highly unpredictable. Finally, if you feel the model needs additions or you would like to see something new that would benefit the masses pleae let us know and we can make additions. Safe calculating everyone!!
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17	Economic Primers
18	Economic Primers
19	1. Validators are required to stake 32 Eth to become a Validator
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23	1. eth2 is pure proof of stake (no delegation function). eth2 is designed to accommodate hundreds of thousands or even millions of validators; however results in the necessity to manage two key pairs per validator (32 ETH)
24			Input vs Ouput: The variables that are colored blue mean they are key drivers of anticipated rewards at the network level and the validator level. These can be adjusted by the user at discretion to produce different outputs. As a result, the variables you see in grey are outputs (formulas) and should not be changed. For example, the price of ETH is auto updated from Coinbase but can be customized to a validators assumptions (which is why it is left in blue text). In addition, total supply is in grey but can be adjusted to your liking as well to simulate a Phase 2 state (advanced user metrics).
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27	2. Deposting ETH into the deposit contract is a one-way transaction and cannot be reverted
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30	3. All ETH + Rewards that are staked in the beacon chain cannot exit the system until Phase 1.5 (timelines currently unknown)
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33	4. Rewards are not received until the network reaches genesis (524,288 eth staked or 16,384 validators). As a result, the bootstrapping of Phase 0 will require alturistic validators to reach genesis.		Network Issaunce: One of the models outputs is to show the total ETH issuance on a daily and annual basis given a current state of the network (which is determined by the calculator user). It is imporant to note that this is imperfect given the dynamic nature of eth2 (as explained on the right) and the circulating supply of the model being fixed at 110MM. The network issuance charts should give users an undersatnding of how issuance changes with the amount of activate Validators that are participating in eth2.
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36	5. Rewards (- penalties) are transferred to validators every epoch (384 seconds = ~6.5 minutes)
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39	6. Rewards are calculated based on the state of the network upon epoch completion. As a result, the reward you expect to receive when being randomly selected to be a validator may be different than what a validator actually receives.
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41			Gross Validator Issuance vs Net Validator Issuance: For starters, all reward figures are annualized. The model and supporting graphs shows the validator what the gross issuance and net issuance is. Gross Issuance should be thought of as what eth2 spits out to a validator assuming no personal costs (Network Level Issuance), while Net Issaunce is what a validator receives after costs are applied (Network Level Issuance - costs of infrastructure). Finally the model assumes that all validators act honestly and does not include slashing.
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43	7. Rewards will be highly variable in eth2 by design and are best observed through a probabilistic simulation. As a result, you will only know exactly what your reward is once it is received.
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46	8. A Validator needs to be 'Active' on the previous epoch to receive rewards.
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49			Validator Cost Toggles: One of the primary requests of this model is to show validators what rewards look like after costs. As a result, the model allows users to toggle between different infrastructure set ups, which will change Validator Net Rewards. Validators have the option of using at home hardware or a monthly Cloud. Once a toggle has been chosen, validators can then get more granukar with their cost set ups (this should be pretty straight forward in the model).
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53	Resources
54	Resources
55	1. Best eth2 Explainer
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59	2. eth2 Spec
60			Validators Per Machine: Without a clear hardware spec, it is hard to know what the technical and financial risk threholds are for how many validators can be run on each machine. For the purpose of the model we assume 16 clients for the at home hardware user and 100 clients per machine for the VPS user. Please see comments in the next tab for more information on how Validtors can customize this thresholds. For reference, on a standard 4GB 8GB SSD Digital Ocean server, testnet validators are running 1,000+ validators without breaking a sweat but again validators must remember financial risk when making this decision as well as value is at risk.
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62	3. Ben E's Master Guide
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65	4. Prysmatic Labs
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68	5. Lighthouse (SigmaPrime)
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71	6. Alehtio eth2 Stats (Block Explorer)		Sensitivity Analysis: Since there are so many sensitivity charts, leaving them on autoupdate every time the price of ETH changes will not accomodate everyone's machines or connections. As a result, you will find comments on certain sensitivity tables in the next tab that indicate where to rerun the what if's. Once the sensitivity charts are updated, the line graphs will update in lock step.
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75	7. eth2 Rewards & Penalties
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78	8. Casper FFG Explainer
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	B	C	E	F	V	W	X	Y	Z	AA	AB	AC	AD	AE	AF	AH	AI	AJ	AK	AL	AM	AN	AO	AP	AQ	AR	AS	AT	AU	AV	AW	AX	AY	AZ	BA	BB	BC	BD	BE	BF	BG	BH	BI	BJ	BK	BL	BM	BN	BO	BP	BQ	BR	BS	BT	BU	BV	BW	BX	BY	BZ	CA	CB	CC
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2							Refresh Button
3				Telegram: @eth2calculator
4				Telegram: @StakeETH
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7							Eth2 Overview Dashboard
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10	Eth2 Network Updates
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14	Current Annualized Reward
15	Current Annualized Reward
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20	Current Cost to Become an eth2 Validator
21	Current Cost to Become an eth2 Validator
22	$48,000
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26	Total Eth Staked
27	Total Eth Staked
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32	Total Eth Staked ($USD)
33	Total Eth Staked ($USD)
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38	Average Network % Online
39	Average Network % Online
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44	Activation Timeline
45	Activation Timeline
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74							Network Issuance
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80	Network Dashboard
81					Annual Network Issuance
82					Average % Online = 98.0%
83					Validator Uptime = 98%
84	Network Variables		Network Calculations		Base Reward Factor
85	ETH Price (auto update)	$1,500	Total Validators Online	218750		0.3%	64	74	84	94	104	114	124
86	Validator Deposit (ETH)	32	Validators per Shard (Committee Size)	3418	Total ETH Staked (Network)	524,288	0.09%	0.12%	0.13%	0.15%	0.16%	0.18%	0.20%
87	Total at Stake	7,000,000	Epoch per Year	82,179		1,000,000	0.13%	0.16%	0.18%	0.20%	0.23%	0.25%	0.27%
88	Average network % online (only >2/3 supported)	98%	Base reward for full validator (in gwei)	6,120		2,000,000	0.19%	0.20%	0.22%	0.25%	0.28%	0.30%	0.33%
89	ETH Circulating Supply	120,000,000	Online per-validator reward per epoch (in gwei)	24,094		3,000,000	0.23	0.23%	0.26%	0.29%	0.32%	0.35%	0.38%
90	Shards	64	Offline per-validator penalty per epoch (in gwei)	24,478		4,000,000	0.26	0.25%	0.29%	0.32%	0.36%	0.39%	0.43%
91	Slot Time (sec)	12	Generated ETH/Year	415,670		5,000,000	0.29%	0.28%	0.32%	0.35%	0.39%	0.43%	0.47%
92	Epoch Length (slots)	32	Generated ETH/DAY	1,139		6,000,000	0.32	0.30%	0.34%	0.38%	0.42%	0.46%	0.50%
93	Base Reward Factor	64	Network Issuance	0.35%		7,000,000	0.35	0.32%	0.36%	0.41%	0.45%	0.50%	0.54%
94						8,000,000	0.29%	0.34%	0.39%	0.43%	0.48%	0.53%	0.57%
95						9,000,000	0.31%	0.36%	0.41%	0.46%	0.51%	0.55%	0.60%
96	Protocol Details		Merge Economics			10,000,000	0.33%	0.38%	0.43%	0.48%	0.53%	0.58%	0.63%
97	BASE_REWARDS_PER_EPOCH	4	Daily EVM Fee's			11,000,000	0.34%	0.39%	0.45%	0.50%	0.55%	0.61%	0.66%
98	Base rewards that are proportional to validators online	3	Expected Fee Burn (EIP-1559)			12,000,000	0.35%	0.41%	0.47%	0.52%	0.58%	0.63%	0.69%
99	Penalty for being included one slot late	0.0156	Fee Rewards Per Year	0		13,000,000	0.37%	0.43%	0.48%	0.54%	0.60%	0.66%	0.71%
100						14,000,000	0.38%	0.44%	0.50%	0.56%	0.62%	0.68%	0.74%
101						15,000,000	0.39%	0.45%	0.52%	0.58%	0.64%	0.70%	0.76%
102	Validator Dashboard					16,000,000	0.41%	0.47%	0.53%	0.60%	0.66%	0.72%	0.79%
103						17,000,000	0.42%	0.48%	0.55%	0.61%	0.68%	0.74%	0.81%
104						18,000,000	0.43%	0.50%	0.56%	0.63%	0.70%	0.76%	0.83%
105						19,000,000	0.44%	0.51%	0.58%	0.65%	0.71%	0.78%	0.85%
106						20,000,000
107	Internet Toggles		Validator Profit & Loss			21,000,000
108	I Already Have Internet	Yes	ETH Staked	32		22,000,000
109	I Already Have a Router	Yes	Staker Reward	5.94%		23,000,000
110			Staker Reward (ETH)	1.9002		24,000,000													Network Issuance ETH/Day (Phase 0) - 98% Average Online										Annual Network Issuance
111	Infra Toggles		Fee Reward	0.00%		25,000,000													Base Reward Factor										Average % Online = 98.0%
112	Beacon Node Tyoe	Cloud	Fee Reward (ETH)	0.0000		26,000,000														113882.1%	64	74	84	94	104	114	124		Validator Uptime = 98%
113	Infra Choices	Recommended Requirements	Net Reward (ETH)	1.9002		27,000,000													Total ETH Staked (Network)	524,288	312	360	409	458	506	555	604		Base Reward = 64				Average Network % Online
114			Staker interest ($)	$2,850		28,000,000														1,000,000	430	498	565	632	699	767	834			0.35%	70%	75%	80%	85%	90%	92%	94%	96%	98%	100%
115	Validator Assumptions					29,000,000														2,000,000	527	610	692	774	857	939	1,021		Total ETH Staked (Network)	525,288	0.02%	0.04%	0.05%	0.06%	0.08%	0.08%	0.09%	0.09%	0.10%	0.11%
116	Validators Run	1				30,000,000														3,000,000	609	704	799	894	989	1,084	1,179			1,000,000	0.03%	0.05%	0.07%	0.09%	0.11%	0.12%	0.12%	0.13%	0.14%	0.15%
117	Validator Uptime	98.00%	Validator Revenue	$2,850																4,000,000	681	787	893	1,000	1,106	1,212	1,319			1,500,000	0.04%	0.06%	0.09%	0.11%	0.13%	0.14%	0.15%	0.16%	0.17%	0.18%
118	Cost of Computer Hardware	$750	Token Based Issuance	5.9%																5,000,000	746	862	979	1,095	1,211	1,328	1,444			2,000,000	0.05%	0.07%	0.10%	0.12%	0.15%	0.16%	0.17%	0.19%	0.20%	0.21%
119	Useful Life (yrs)	2.5	Energy Costs	$0																6,000,000	805	931	1,057	1,183	1,309	1,434	1,560			2,500,000	0.05%	0.08%	0.11%	0.14%	0.17%	0.18%	0.19%	0.21%	0.22%	0.23%
120	Cost per kwh (Global Average)	$0.20	Depreciation Costs	$0																7,000,000	861	995	1,130	1,264	1,399	1,533	1,668			3,000,000	0.06%	0.09%	0.12%	0.15%	0.19%	0.20%	0.21%	0.23%	0.24%	0.25%
121	Watts (per Shard Validated)	10	Internet Costs	$0																8,000,000	913	1,056	1,198	1,341	1,484	1,626	1,769			3,500,000	0.06%	0.10%	0.13%	0.17%	0.20%	0.22%	0.23%	0.25%	0.26%	0.28%
122	Watts per machine	40	Router Costs	$0																9,000,000	962	1,113	1,263	1,414	1,564	1,714	1,865			4,000,000	0.07%	0.10%	0.14%	0.18%	0.21%	0.23%	0.25%	0.26%	0.28%	0.29%
123	ISP Per Month (Global Average)	$51.42	Cloud Cost	$960																10,000,000	1,009	1,167	1,325	1,483	1,640	1,798	1,956			4,500,000	0.07%	0.11%	0.15%	0.19%	0.23%	0.24%	0.26%	0.28%	0.29%	0.31%
124	Cost of Router Hardware (Global Estimate)	$90	Unknown Costs	$25																11,000,000	1,054	1,219	1,384	1,549	1,713	1,878	2,043			5,000,000	0.08%	0.12%	0.16%	0.20%	0.24%	0.26%	0.28%	0.29%	0.31%	0.33%
125	VPS Cost (per machine per month)	$80	Total Validator Costs	$985																12,000,000	1,097	1,269	1,440	1,612	1,783	1,955	2,126			5,500,000	0.08%	0.12%	0.16%	0.21%	0.25%	0.27%	0.29%	0.31%	0.33%	0.35%
126	Unknown Cost (per machine)	$25	Annual Profit	$1,865																13,000,000	1,139	1,317	1,495	1,673	1,851	2,029	2,206			6,000,000	0.08%	0.13%	0.17%	0.22%	0.26%	0.28%	0.30%	0.32%	0.34%	0.36%
127	Number of Machines	1	Net Validator Issuance	3.89%																14,000,000	1,179	1,363	1,547	1,731	1,916	2,100	2,284			6,500,000	0.09%	0.13%	0.18%	0.22%	0.27%	0.29%	0.31%	0.33%	0.35%	0.38%
128	Max. Validators per Machine	1000																		15,000,000	1,217	1,408	1,598	1,788	1,978	2,169	2,359			7,000,000	0.09%	0.14%	0.18%	0.23%	0.28%	0.30%	0.33%	0.35%	0.37%	0.39%
129	Total Watts	50																		16,000,000	1,255	1,451	1,647	1,843	2,039	2,235	2,431			7,500,000	0.09%	0.14%	0.19%	0.24%	0.29%	0.32%	0.34%	0.36%	0.38%	0.40%
130	ETH Cost	$48,000																		17,000,000	1,291	1,493	1,695	1,897	2,098	2,300	2,502			8,000,000	0.10%	0.15%	0.20%	0.25%	0.30%	0.33%	0.35%	0.37%	0.39%	0.42%
131																				18,000,000	1,327	1,534	1,741	1,949	2,156	2,363	2,570			8,500,000	0.10%	0.15%	0.20%	0.26%	0.31%	0.34%	0.36%	0.38%	0.41%	0.43%
132	ETH Cost	0																		19,000,000	1,361	1,574	1,787	1,999	2,212	2,425	2,637			9,000,000	0.10%	0.15%	0.21%	0.26%	0.32%	0.35%	0.37%	0.39%	0.42%	0.44%
133	Initial Investment (USD)	$2,535.09																		20,000,000										9,500,000	0.10%	0.16%	0.21%	0.27%	0.33%	0.35%	0.38%	0.40%	0.43%	0.45%
134																				21,000,000										10,000,000	0.11%	0.16%	0.22%	0.28%	0.34%	0.36%	0.39%	0.41%	0.44%	0.47%
135																				22,000,000
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153							Gross Validator Economics
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190							Gross Validator Issuance (Phase 0)										Gross Validator Issuance (Phase 0)													Gross Validator Issuance (Phase 0)																	Gross Validator Issuance (Phase 0)
191							Average % Online = 98.0%										Validator Uptime = 98%													Base Reward = 64		Validators Run																	Validators Run
192							Validator Uptime = 98%										Base Reward = 64				Average Network % Online									Validator Uptime = 98%																	Base Reward = 64
193							Base Reward Factor											5.94%	70%	75%	80%	85%	90%	92%	94%	96%	98%	100%		Total ETH Staked = 2MM																	Validator Uptime = 98%
194								5.9%	64	74	84	94	104	114	124		Total ETH Staked (Network)	525,288	16.60%	17.54%	18.46%	19.37%	20.26%	20.62%	20.97%	21.32%	21.68%	22.03%		Average % Online = 98.0%																	Average % Online = 98.0%
195							Total ETH Staked (Network)	524,288	21.7%	25.09%	28.48%	31.87%	35.26%	38.65%	42.04%			1,000,000	12.03%	12.71%	13.38%	14.04%	14.68%	14.94%	15.20%	15.45%	15.71%	15.97%			5.9%	1	2	3	4	5	10	15	20	25	30	35	40	45	50
196								1,000,000	15.7%	18.17%	20.62%	23.08%	25.53%	27.98%	30.44%			1,500,000	9.82%	10.38%	10.92%	11.46%	11.99%	12.20%	12.41%	12.62%	12.83%	13.04%		Average Network % Online	70%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%			5.9%	1	2	3	4	5	10	15	20	25	30	35	40	45	50
197								1,500,000	12.8%	14.83%	16.84%	18.84%	20.85%	22.85%	24.85%			2,000,000	8.51%	8.99%	9.46%	9.92%	10.38%	10.57%	10.75%	10.93%	11.11%	11.29%			75%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%		Total ETH Staked (Network)	525,288	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%
198								2,000,000	11.1%	12.85%	14.58%	16.32%	18.05%	19.79%	21.52%			2,500,000	7.61%	8.04%	8.46%	8.88%	9.29%	9.45%	9.61%	9.77%	9.94%	10.10%			80%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%			1,000,000	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%
199								2,500,000	9.9%	11.49%	13.04%	14.59%	16.15%	17.70%	19.25%			3,000,000	6.95%	7.34%	7.72%	8.10%	8.48%	8.63%	8.77%	8.92%	9.07%	9.22%			85%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%			1,500,000	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%
200								3,000,000	9.1%	10.49%	11.91%	13.32%	14.74%	16.16%	17.57%			3,500,000	6.43%	6.79%	7.15%	7.50%	7.85%	7.99%	8.12%	8.26%	8.40%	8.53%			90%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%	10.4%			2,000,000	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%
201								3,500,000	8.4%	9.71%	11.02%	12.33%	13.65%	14.96%	16.27%			4,000,000	6.02%	6.36%	6.69%	7.02%	7.34%	7.47%	7.60%	7.73%	7.86%	7.98%			92%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%	10.6%			2,500,000	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%
202								4,000,000	7.9%	9.08%	10.31%	11.54%	12.77%	13.99%	15.22%			4,500,000	5.67%	5.99%	6.31%	6.62%	6.92%	7.04%	7.16%	7.29%	7.41%	7.53%			94%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%	10.7%			3,000,000	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%
203								4,500,000	7.4%	8.56%	9.72%	10.88%	12.04%	13.19%	14.35%			5,000,000	5.38%	5.68%	5.98%	6.28%	6.57%	6.68%	6.80%	6.91%	7.03%	7.14%			96%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%	10.9%			3,500,000	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%
204								5,000,000	7.0%	8.12%	9.22%	10.32%	11.42%	12.52%	13.61%			5,500,000	5.13%	5.42%	5.70%	5.98%	6.26%	6.37%	6.48%	6.59%	6.70%	6.81%			98%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%			4,000,000	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%
205								5,500,000	6.7%	7.75%	8.79%	9.84%	10.89%	11.93%	12.98%			6,000,000	4.91%	5.19%	5.46%	5.73%	5.99%	6.10%	6.20%	6.31%	6.41%	6.52%			100%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%	11.3%			4,500,000	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%
206								6,000,000	6.4%	7.42%	8.42%	9.42%	10.42%	11.42%	12.43%			6,500,000	4.72%	4.99%	5.25%	5.51%	5.76%	5.86%	5.96%	6.06%	6.16%	6.26%																				5,000,000	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%
207								6,500,000	6.2%	7.13%	8.09%	9.05%	10.01%	10.98%	11.94%			7,000,000	4.55%	4.80%	5.06%	5.30%	5.55%	5.65%	5.74%	5.84%	5.94%	6.03%																				5,500,000	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%
208								7,000,000	5.9%	6.87%	7.79%	8.72%	9.65%	10.58%	11.51%			7,500,000	4.39%	4.64%	4.89%	5.12%	5.36%	5.46%	5.55%	5.64%	5.74%	5.83%																				6,000,000	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%
209								7,500,000	5.7%	6.63%	7.53%	8.43%	9.32%	10.22%	11.12%			8,000,000	4.25%	4.49%	4.73%	4.96%	5.19%	5.28%	5.37%	5.46%	5.55%	5.65%																				6,500,000	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%
210								8,000,000	5.6%	6.42%	7.29%	8.16%	9.03%	9.89%	10.76%			8,500,000	4.13%	4.36%	4.59%	4.81%	5.04%	5.12%	5.21%	5.30%	5.39%	5.48%																				7,000,000	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%
211								8,500,000	5.4%	6.23%	7.07%	7.91%	8.76%	9.60%	10.44%			9,000,000	4.01%	4.24%	4.46%	4.68%	4.89%	4.98%	5.07%	5.15%	5.24%	5.32%																				7,500,000	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%
212								9,000,000	5.2%	6.06%	6.87%	7.69%	8.51%	9.33%	10.15%			9,500,000	3.90%	4.12%	4.34%	4.55%	4.76%	4.85%	4.93%	5.01%	5.10%	5.18%																				8,000,000	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%
213								9,500,000	5.1%	5.89%	6.69%	7.49%	8.28%	9.08%	9.88%			10,000,000	3.80%	4.02%	4.23%	4.44%	4.64%	4.72%	4.81%	4.89%	4.97%	5.05%																				8,500,000	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%
214								10,000,000	5.0%	5.74%	6.52%	7.30%	8.07%	8.85%	9.63%																																	9,000,000	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%
215																																																9,500,000	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%
216																																																10,000,000	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%
217
218
219
220							Net Validator Economics - Hadware (Reccomended Specs)
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256							Annualized Validator Rewards (Hardware)									Annualized Validator Rewards (Hardware)													Annual Net Profit (Hardware)																	Annual Rewards % (Hardware)
257							Average % Online = 98.0%									Validator Uptime = 98%													Base Reward = 64		Validators Run															Base Reward = 64		Validators Run
258							ETH Price = $600									ETH Price = $600													Clients Per Machine = 16																	Clients Per Machine = 16
259							Validator Uptime = 98%									Base Reward = 64				Average Network % Online									Average % Online = 98%																	Average % Online = 98%
260							Base Reward Factor										3.89%	70%	75%	80%	85%	90%	92%	94%	96%	98%	100%		ETH Price = $600																	ETH Price = $600
261								3.9%	64	74	84	94	104	114	124	Total ETH Staked (Network)	524,288	14.46%	15.40%	16.32%	17.23%	18.13%	18.48%	18.84%	19.19%	19.54%	19.90%			186530.6%	1	2	3	4	5	10	15	20	25	30	35	40	45	50			3.9%	1	2	3	4	5	10	15	20	25	30	35	40	45	50
262							Total ETH Staked (Network)	524,288	19.5%	22.9%	26.3%	29.7%	33.1%	36.5%	39.9%		1,000,000	9.88%	10.56%	11.23%	11.88%	12.53%	12.79%	13.05%	13.30%	13.56%	13.81%		Total ETH Staked (Network)	524,288	$3,753	$7,901	$12,049	$16,198	$20,346	$41,088	$61,831	$82,573	$103,317	$124,061	$144,805	$165,549	$186,294	$207,040		Total ETH Staked (Network)	524,288	19.5%	20.6%	20.9%	21.1%	21.2%	21.4%	21.5%	21.5%	21.5%	21.5%	21.5%	21.6%	21.6%	21.6%
263								1,000,000	13.6%	16.0%	18.5%	20.9%	23.4%	25.8%	28.3%		1,500,000	7.67%	8.23%	8.77%	9.31%	9.84%	10.05%	10.26%	10.47%	10.68%	10.88%			1,000,000	$2,603	$5,602	$8,601	$11,600	$14,599	$29,593	$44,588	$59,584	$74,580	$89,576	$104,573	$119,570	$134,568	$149,566			1,000,000	13.6%	14.6%	14.9%	15.1%	15.2%	15.4%	15.5%	15.5%	15.5%	15.6%	15.6%	15.6%	15.6%	15.6%
264								1,500,000	10.7%	12.7%	14.7%	16.7%	18.7%	20.7%	22.7%		2,000,000	6.35%	6.84%	7.31%	7.77%	8.23%	8.41%	8.59%	8.78%	8.96%	9.14%			1,500,000	$2,050	$4,495	$6,940	$9,386	$11,831	$24,058	$36,285	$48,513	$60,741	$72,970	$85,199	$97,429	$109,659	$121,889			1,500,000	10.7%	11.7%	12.0%	12.2%	12.3%	12.5%	12.6%	12.6%	12.7%	12.7%	12.7%	12.7%	12.7%	12.7%
265								2,000,000	9.0%	10.7%	12.4%	14.2%	15.9%	17.6%	19.4%		2,500,000	5.46%	5.89%	6.31%	6.72%	7.13%	7.30%	7.46%	7.62%	7.78%	7.95%			2,000,000	$1,720	$3,835	$5,950	$8,066	$10,181	$20,758	$31,336	$41,914	$52,492	$63,071	$73,650	$84,230	$94,810	$105,390			2,000,000	9.0%	10.0%	10.3%	10.5%	10.6%	10.8%	10.9%	10.9%	10.9%	10.9%	11.0%	11.0%	11.0%	11.0%
266								2,500,000	7.8%	9.3%	10.9%	12.4%	14.0%	15.5%	17.1%		3,000,000	4.79%	5.19%	5.57%	5.95%	6.32%	6.47%	6.62%	6.77%	6.92%	7.07%			2,500,000	$1,494	$3,385	$5,275	$7,165	$9,055	$18,506	$27,958	$37,410	$46,862	$56,315	$65,769	$75,222	$84,677	$94,131			2,500,000	7.8%	8.8%	9.2%	9.3%	9.4%	9.6%	9.7%	9.7%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%
267								3,000,000	6.9%	8.3%	9.8%	11.2%	12.6%	14.0%	15.4%		3,500,000	4.28%	4.64%	5.00%	5.35%	5.70%	5.83%	5.97%	6.11%	6.24%	6.38%			3,000,000	$1,328	$3,052	$4,776	$6,500	$8,224	$16,844	$25,465	$34,086	$42,707	$51,329	$59,951	$68,573	$77,197	$85,820			3,000,000	6.9%	7.9%	8.3%	8.5%	8.6%	8.8%	8.8%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%
268								3,500,000	6.2%	7.6%	8.9%	10.2%	11.5%	12.8%	14.1%		4,000,000	3.86%	4.20%	4.54%	4.86%	5.19%	5.32%	5.45%	5.57%	5.70%	5.83%			3,500,000	$1,199	$2,794	$4,388	$5,983	$7,578	$15,552	$23,527	$31,502	$39,477	$47,453	$55,429	$63,406	$71,383	$79,361			3,500,000	6.2%	7.3%	7.6%	7.8%	7.9%	8.1%	8.2%	8.2%	8.2%	8.2%	8.2%	8.3%	8.3%	8.3%
269								4,000,000	5.7%	6.9%	8.2%	9.4%	10.6%	11.8%	13.1%		4,500,000	3.52%	3.84%	4.15%	4.46%	4.77%	4.89%	5.01%	5.13%	5.25%	5.37%			4,000,000	$1,095	$2,585	$4,076	$5,567	$7,057	$14,511	$21,965	$29,419	$36,874	$44,329	$51,784	$59,240	$66,697	$74,154			4,000,000	5.7%	6.7%	7.1%	7.2%	7.4%	7.6%	7.6%	7.7%	7.7%	7.7%	7.7%	7.7%	7.7%	7.7%
270								4,500,000	5.3%	6.4%	7.6%	8.7%	9.9%	11.0%	12.2%		5,000,000	3.23%	3.53%	3.83%	4.12%	4.41%	4.53%	4.64%	4.76%	4.87%	4.99%			4,500,000	$1,009	$2,413	$3,817	$5,222	$6,626	$13,648	$20,671	$27,694	$34,717	$41,741	$48,765	$55,790	$62,815	$69,841			4,500,000	5.3%	6.3%	6.6%	6.8%	6.9%	7.1%	7.2%	7.2%	7.2%	7.2%	7.3%	7.3%	7.3%	7.3%
271								5,000,000	4.9%	6.0%	7.1%	8.2%	9.3%	10.4%	11.5%		5,500,000	2.98%	3.27%	3.55%	3.83%	4.11%	4.22%	4.33%	4.44%	4.55%	4.66%			5,000,000	$936	$2,267	$3,598	$4,930	$6,261	$12,919	$19,576	$26,234	$32,893	$39,552	$46,211	$52,871	$59,532	$66,192			5,000,000	4.9%	5.9%	6.2%	6.4%	6.5%	6.7%	6.8%	6.8%	6.9%	6.9%	6.9%	6.9%	6.9%	6.9%
272								5,500,000	4.5%	5.6%	6.6%	7.7%	8.7%	9.8%	10.8%		6,000,000	2.76%	3.04%	3.31%	3.58%	3.84%	3.95%	4.05%	4.16%	4.26%	4.37%			5,500,000	$873	$2,141	$3,410	$4,679	$5,947	$12,291	$18,635	$24,979	$31,324	$37,669	$44,014	$50,360	$56,706	$63,053			5,500,000	4.5%	5.6%	5.9%	6.1%	6.2%	6.4%	6.5%	6.5%	6.5%	6.5%	6.5%	6.6%	6.6%	6.6%
273								6,000,000	4.3%	5.3%	6.3%	7.3%	8.3%	9.3%	10.3%		6,500,000	2.57%	2.83%	3.09%	3.35%	3.61%	3.71%	3.81%	3.91%	4.01%	4.11%			6,000,000	$818	$2,032	$3,246	$4,460	$5,674	$11,743	$17,813	$23,884	$29,955	$36,026	$42,098	$48,170	$54,242	$60,315			6,000,000	4.3%	5.3%	5.6%	5.8%	5.9%	6.1%	6.2%	6.2%	6.2%	6.3%	6.3%	6.3%	6.3%	6.3%
274								6,500,000	4.0%	5.0%	5.9%	6.9%	7.9%	8.8%	9.8%		7,000,000	2.39%	2.65%	2.90%	3.15%	3.40%	3.49%	3.59%	3.69%	3.79%	3.88%			6,500,000	$770	$1,935	$3,101	$4,266	$5,432	$11,260	$17,089	$22,917	$28,747	$34,577	$40,407	$46,237	$52,068	$57,900			6,500,000	4.0%	5.0%	5.4%	5.6%	5.7%	5.9%	5.9%	6.0%	6.0%	6.0%	6.0%	6.0%	6.0%	6.0%
275								7,000,000	3.8%	4.7%	5.6%	6.6%	7.5%	8.4%	9.4%		7,500,000	2.24%	2.49%	2.73%	2.97%	3.21%	3.30%	3.40%	3.49%	3.58%	3.68%			7,000,000	$727	$1,849	$2,972	$4,094	$5,217	$10,830	$16,443	$22,057	$27,671	$33,285	$38,900	$44,516	$50,132	$55,748			7,000,000	3.8%	4.8%	5.2%	5.3%	5.4%	5.6%	5.7%	5.7%	5.8%	5.8%	5.8%	5.8%	5.8%	5.8%
276								7,500,000	3.6%	4.5%	5.4%	6.3%	7.2%	8.1%	9.0%		8,000,000	2.10%	2.34%	2.58%	2.81%	3.04%	3.13%	3.22%	3.31%	3.40%	3.49%			7,500,000	$688	$1,772	$2,856	$3,940	$5,023	$10,443	$15,863	$21,283	$26,704	$32,126	$37,547	$42,969	$48,392	$53,815			7,500,000	3.6%	4.6%	5.0%	5.1%	5.2%	5.4%	5.5%	5.5%	5.6%	5.6%	5.6%	5.6%	5.6%	5.6%
277								8,000,000	3.4%	4.3%	5.1%	6.0%	6.9%	7.7%	8.6%		8,500,000	1.97%	2.21%	2.44%	2.66%	2.88%	2.97%	3.06%	3.15%	3.24%	3.32%			8,000,000	$653	$1,702	$2,751	$3,800	$4,849	$10,093	$15,338	$20,584	$25,830	$31,076	$36,323	$41,570	$46,818	$52,066			8,000,000	3.4%	4.4%	4.8%	4.9%	5.1%	5.3%	5.3%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%
278								8,500,000	3.2%	4.1%	4.9%	5.8%	6.6%	7.4%	8.3%		9,000,000	1.86%	2.08%	2.31%	2.53%	2.74%	2.83%	2.91%	3.00%	3.08%	3.17%			8,500,000	$621	$1,638	$2,655	$3,672	$4,689	$9,775	$14,861	$19,947	$25,034	$30,121	$35,209	$40,297	$45,385	$50,474			8,500,000	3.2%	4.3%	4.6%	4.8%	4.9%	5.1%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.3%	5.3%
279								9,000,000	3.1%	3.9%	4.7%	5.5%	6.4%	7.2%	8.0%		9,500,000	1.75%	1.97%	2.19%	2.40%	2.61%	2.69%	2.78%	2.86%	2.94%	3.03%			9,000,000	$592	$1,580	$2,568	$3,556	$4,544	$9,483	$14,423	$19,364	$24,305	$29,246	$34,188	$39,131	$44,073	$49,016			9,000,000	3.1%	4.1%	4.5%	4.6%	4.7%	4.9%	5.0%	5.0%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%
280								9,500,000	2.9%	3.7%	4.5%	5.3%	6.1%	6.9%	7.7%		10,000,000	1.65%	1.87%	2.08%	2.29%	2.49%	2.57%	2.65%	2.73%	2.82%	2.90%			9,500,000	$565	$1,526	$2,487	$3,448	$4,410	$9,215	$14,021	$18,828	$23,635	$28,442	$33,250	$38,058	$42,866	$47,675			9,500,000	2.9%	4.0%	4.3%	4.5%	4.6%	4.8%	4.9%	4.9%	4.9%	4.9%	4.9%	5.0%	5.0%	5.0%
281								10,000,000	2.8%	3.6%	4.4%	5.1%	5.9%	6.7%	7.5%															10,000,000	$541	$1,477	$2,413	$3,349	$4,286	$8,967	$13,650	$18,332	$23,015	$27,699	$32,382	$37,067	$41,751	$46,436			10,000,000	2.8%	3.8%	4.2%	4.4%	4.5%	4.7%	4.7%	4.8%	4.8%	4.8%	4.8%	4.8%	4.8%	4.8%
282
283
284
285
286
287							Net Validator Economics - Cloud (Recommended)
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324							Annualized Validator Rewards (Cloud)									Net Validator Issuance (Phase 0 - VPS)															Annual Net Profit (Cloud)																	Net Validator Issuance (Phase 0 - VPS)
325							Average % Online = 98.0%									Validator Uptime = 98%															Base Reward = 64		Validators Run															Base Reward = 64		Validators Run
326							ETH Price = $600									ETH Price = $600															Clients Per Machine = 1000																	Clients Per Machine = 1000
327							Validator Uptime = 98%									Base Reward = 64				Average Network % Online											Average % Online = 90%																	Average % Online = 90%
328							Base Reward Factor										3.89%	70%	75%	80%	85%	90%	92%	94%	96%	98%	100%				ETH Price = $600																	ETH Price = $600
329								3.9%	64	74	84	94	104	114	124	Total ETH Staked (Network)	524,288	11.49%	12.43%	13.35%	14.25%	15.15%	15.50%	15.86%	16.21%	16.57%	16.92%					186530.6%	50	100	250	500	750	1,000	1,250	1,500	1,750	2,000	2,250	2,500	2,750	3,000			3.9%	50	100	250	500	750	1,000	1,250	1,500	1,750	2,000	2,250	2,500	2,750	3,000
330							Total ETH Staked (Network)	524,288	16.57%	19.96%	23.35%	26.74%	30.13%	33.52%	36.91%		1,000,000	6.90%	7.58%	8.25%	8.91%	9.55%	9.81%	10.07%	10.32%	10.58%	10.84%				Total ETH Staked (Network)	524,288	$207,313	$415,611	$1,040,506	$2,081,997	$3,123,488	$4,164,979	$5,205,484	$6,246,975	$7,288,466	$8,329,957	$9,370,463	$10,411,954	$11,453,445	$12,494,936		Total ETH Staked (Network)	524,288	21.6%	21.6%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%	21.7%
331								1,000,000	10.58%	13.04%	15.49%	17.95%	20.40%	22.85%	25.31%		1,500,000	4.69%	5.25%	5.79%	6.33%	6.86%	7.07%	7.28%	7.49%	7.70%	7.91%					1,000,000	$149,839	$300,663	$753,135	$1,507,255	$2,261,375	$3,015,495	$3,768,630	$4,522,750	$5,276,870	$6,030,990	$6,784,125	$7,538,245	$8,292,364	$9,046,484			1,000,000	15.6%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%	15.7%
332								1,500,000	7.70%	9.70%	11.71%	13.71%	15.72%	17.72%	19.72%		2,000,000	3.38%	3.86%	4.33%	4.79%	5.25%	5.43%	5.62%	5.80%	5.98%	6.16%					1,500,000	$122,162	$245,310	$614,751	$1,230,488	$1,846,224	$2,461,960	$3,076,712	$3,692,448	$4,308,185	$4,923,921	$5,538,672	$6,154,409	$6,770,145	$7,385,881			1,500,000	12.7%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%	12.8%
333								2,000,000	5.98%	7.71%	9.45%	11.19%	12.92%	14.66%	16.39%		2,500,000	2.48%	2.91%	3.33%	3.75%	4.16%	4.32%	4.48%	4.64%	4.81%	4.97%					2,000,000	$105,664	$212,312	$532,258	$1,065,502	$1,598,745	$2,131,988	$2,664,247	$3,197,490	$3,730,733	$4,263,977	$4,796,235	$5,329,478	$5,862,722	$6,395,965			2,000,000	11.0%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%	11.1%
334								2,500,000	4.81%	6.36%	7.91%	9.46%	11.02%	12.57%	14.12%		3,000,000	1.82%	2.21%	2.59%	2.97%	3.35%	3.50%	3.64%	3.79%	3.94%	4.09%					2,500,000	$94,404	$189,794	$475,962	$952,910	$1,429,857	$1,906,804	$2,382,767	$2,859,714	$3,336,661	$3,813,609	$4,289,571	$4,766,518	$5,243,466	$5,720,413			2,500,000	9.8%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%	9.9%
335								3,000,000	3.94%	5.36%	6.78%	8.19%	9.61%	11.03%	12.44%		3,500,000	1.30%	1.66%	2.02%	2.37%	2.72%	2.86%	2.99%	3.13%	3.27%	3.40%					3,000,000	$86,093	$173,172	$434,406	$869,798	$1,305,189	$1,740,580	$2,174,987	$2,610,378	$3,045,770	$3,481,161	$3,915,567	$4,350,959	$4,786,350	$5,221,741			3,000,000	9.0%	9.0%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%	9.1%
336								3,500,000	3.27%	4.58%	5.89%	7.20%	8.52%	9.83%	11.14%		4,000,000	0.89%	1.23%	1.56%	1.89%	2.21%	2.34%	2.47%	2.60%	2.73%	2.85%					3,500,000	$79,634	$160,253	$402,109	$805,203	$1,208,297	$1,611,391	$2,013,500	$2,416,594	$2,819,688	$3,222,783	$3,624,892	$4,027,986	$4,431,080	$4,834,174			3,500,000	8.3%	8.3%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%	8.4%
337								4,000,000	2.73%	3.95%	5.18%	6.41%	7.63%	8.86%	10.09%		4,500,000	0.54%	0.86%	1.18%	1.49%	1.79%	1.91%	2.03%	2.16%	2.28%	2.40%					4,000,000	$74,427	$149,839	$376,075	$753,135	$1,130,195	$1,507,255	$1,883,330	$2,260,390	$2,637,450	$3,014,510	$3,390,585	$3,767,645	$4,144,705	$4,521,765			4,000,000	7.8%	7.8%	7.8%	7.8%	7.8%	7.9%	7.8%	7.8%	7.8%	7.9%	7.8%	7.8%	7.8%	7.9%
338								4,500,000	2.28%	3.43%	4.59%	5.75%	6.90%	8.06%	9.22%		5,000,000	0.25%	0.55%	0.85%	1.15%	1.44%	1.55%	1.67%	1.78%	1.90%	2.01%					4,500,000	$70,114	$141,213	$354,511	$710,006	$1,065,502	$1,420,997	$1,775,508	$2,131,003	$2,486,499	$2,841,994	$3,196,505	$3,552,001	$3,907,496	$4,262,992			4,500,000	7.3%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%	7.4%
339								5,000,000	1.90%	2.99%	4.09%	5.19%	6.29%	7.39%	8.48%		5,500,000	0.00%	0.29%	0.57%	0.85%	1.13%	1.24%	1.35%	1.46%	1.57%	1.68%					5,000,000	$66,466	$133,916	$336,268	$673,520	$1,010,773	$1,348,026	$1,684,293	$2,021,546	$2,358,799	$2,696,052	$3,032,319	$3,369,572	$3,706,825	$4,044,077			5,000,000	6.9%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%	7.0%
340								5,500,000	1.57%	2.62%	3.66%	4.71%	5.76%	6.80%	7.85%		6,000,000	-0.22%	0.06%	0.33%	0.60%	0.86%	0.97%	1.07%	1.18%	1.28%	1.39%					5,500,000	$63,327	$127,638	$320,573	$642,131	$963,688	$1,285,246	$1,605,819	$1,927,377	$2,248,935	$2,570,493	$2,891,065	$3,212,623	$3,534,181	$3,855,739			5,500,000	6.6%	6.6%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%	6.7%
341								6,000,000	1.28%	2.29%	3.29%	4.29%	5.29%	6.29%	7.30%		6,500,000	-0.41%	-0.14%	0.12%	0.37%	0.63%	0.73%	0.83%	0.93%	1.03%	1.13%					6,000,000	$60,589	$122,162	$306,883	$614,751	$922,620	$1,230,488	$1,537,371	$1,845,239	$2,153,107	$2,460,975	$2,767,859	$3,075,727	$3,383,595	$3,691,463			6,000,000	6.3%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%	6.4%
342								6,500,000	1.03%	1.99%	2.96%	3.92%	4.88%	5.85%	6.81%		7,000,000	-0.58%	-0.33%	-0.07%	0.17%	0.42%	0.52%	0.61%	0.71%	0.81%	0.90%					6,500,000	$58,173	$117,331	$294,805	$590,595	$886,386	$1,182,176	$1,476,981	$1,772,771	$2,068,561	$2,364,351	$2,659,157	$2,954,947	$3,250,737	$3,546,527			6,500,000	6.1%	6.1%	6.1%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%	6.2%
343								7,000,000	0.81%	1.74%	2.66%	3.59%	4.52%	5.45%	6.37%		7,500,000	-0.74%	-0.49%	-0.24%	-0.01%	0.23%	0.33%	0.42%	0.51%	0.61%	0.70%					7,000,000	$56,021	$113,027	$284,046	$569,076	$854,107	$1,139,137	$1,423,183	$1,708,213	$1,993,244	$2,278,274	$2,562,320	$2,847,351	$3,132,381	$3,417,412			7,000,000	5.8%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%	5.9%
344								7,500,000	0.61%	1.50%	2.40%	3.30%	4.19%	5.09%	5.98%		8,000,000	-0.88%	-0.64%	-0.40%	-0.17%	0.06%	0.15%	0.24%	0.33%	0.42%	0.51%					7,500,000	$54,088	$109,161	$274,381	$549,746	$825,112	$1,100,478	$1,374,858	$1,650,224	$1,925,590	$2,200,955	$2,475,336	$2,750,702	$3,026,067	$3,301,433			7,500,000	5.6%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%	5.7%
345								8,000,000	0.42%	1.29%	2.16%	3.03%	3.90%	4.76%	5.63%		8,500,000	-1.00%	-0.77%	-0.54%	-0.32%	-0.09%	-0.01%	0.08%	0.17%	0.26%	0.35%					8,000,000	$52,339	$105,664	$265,637	$532,258	$798,880	$1,065,502	$1,331,138	$1,597,760	$1,864,382	$2,131,003	$2,396,640	$2,663,262	$2,929,883	$3,196,505			8,000,000	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%
346								8,500,000	0.26%	1.10%	1.94%	2.78%	3.63%	4.47%	5.31%		9,000,000	-1.12%	-0.89%	-0.67%	-0.45%	-0.24%	-0.15%	-0.06%	0.02%	0.11%	0.19%					8,500,000	$50,747	$102,479	$257,676	$516,337	$774,998	$1,033,659	$1,291,335	$1,549,996	$1,808,657	$2,067,318	$2,324,994	$2,583,655	$2,842,316	$3,100,977			8,500,000	5.3%	5.3%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%	5.4%
347								9,000,000	0.11%	0.93%	1.74%	2.56%	3.38%	4.20%	5.02%		9,500,000	-1.23%	-1.01%	-0.79%	-0.58%	-0.37%	-0.28%	-0.20%	-0.12%	-0.03%	0.05%					9,000,000	$49,290	$99,564	$250,388	$501,762	$753,135	$1,004,508	$1,254,897	$1,506,270	$1,757,643	$2,009,017	$2,259,405	$2,510,778	$2,762,151	$3,013,525			9,000,000	5.1%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%	5.2%
348								9,500,000	-0.03%	0.76%	1.56%	2.36%	3.15%	3.95%	4.75%		10,000,000	-1.33%	-1.11%	-0.90%	-0.69%	-0.49%	-0.41%	-0.32%	-0.24%	-0.16%	-0.08%					9,500,000	$47,949	$96,883	$243,684	$488,353	$733,021	$977,690	$1,221,374	$1,466,043	$1,710,712	$1,955,381	$2,199,064	$2,443,733	$2,688,402	$2,933,071			9,500,000	5.0%	5.0%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%	5.1%
349								10,000,000	-0.16%	0.61%	1.39%	2.17%	2.94%	3.72%	4.50%																	10,000,000	$46,710	$94,404	$237,489	$475,962	$714,436	$952,910	$1,190,398	$1,428,872	$1,667,346	$1,905,819	$2,143,308	$2,381,782	$2,620,255	$2,858,729			10,000,000	4.9%	4.9%	4.9%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%