<p>23rd July 2024 marked the exciting launch of Avail DA, who state they are <strong>the first modular data availability layer using validity proofs and data availability sampling.</strong> This innovation enables entire blockchain networks to scale efficiently and cost-effectively.<br><br>We have been working closely with Avail during all the testnet phases and we are excited to support it since day one.</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">We know some of you are looking forward to the <a href="https://twitter.com/AvailProject?ref_src=twsrc%5Etfw&ref=p2p.org">@AvailProject</a> launch.<br><br>For those who want to know what's Avail:<br>We got you! 🫡<br><br>Listen to <a href="https://twitter.com/anuragarjun?ref_src=twsrc%5Etfw&ref=p2p.org">@anuragarjun</a>, the <a href="https://twitter.com/AvailProject?ref_src=twsrc%5Etfw&ref=p2p.org">@AvailProject</a> co-founder, answering this question for us: <a href="https://t.co/N14ooH88NW?ref=p2p.org">pic.twitter.com/N14ooH88NW</a></p>— P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1814232362412060943?ref_src=twsrc%5Etfw&ref=p2p.org">July 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p><br><br><strong>The AVAIL Token</strong> Powers the network by allowing users to pay fees, stake for security, and participate in governance.</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/networks/avail?ref=p2p.org" class="kg-btn kg-btn-accent">Stake your AVAIL!</a></div><p><br><br>The Avail DA supports L2 solutions, RaaS providers, and blockchain developers by providing a robust, validity-proof-based DA layer optimized for ZK technology. This significantly reduces operational costs and enhances scalability for developers building on Avail DA.</p><h2 id="about-avail">About Avail:</h2><p>Since late 2020, founders <a href="https://x.com/anuragarjun?ref=p2p.org" rel="noreferrer">Anurag Arjun</a> and <a href="https://x.com/prabalbanerjee?ref=p2p.org" rel="noreferrer">Prabal Banerjee</a> have been dedicated to creating trust-minimized systems. <a href="http://availproject.org/?ref=p2p.org" rel="noreferrer">Avail</a> has secured investments from notable entities like Peter Thiel’s Founders Fund, Dragonfly, and the Cyber.fund.<br>The project has partnered with industry leaders such as Arbitrum, Optimism, and Polygon, fostering a robust ecosystem.</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">We’ve been working closely with 110+ partners including <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw&ref=p2p.org">@arbitrum</a>, <a href="https://twitter.com/Optimism?ref_src=twsrc%5Etfw&ref=p2p.org">@Optimism</a>, <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw&ref=p2p.org">@0xpolygon</a>, <a href="https://twitter.com/StarkWareLtd?ref_src=twsrc%5Etfw&ref=p2p.org">@StarkWareLtd</a>, and <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw&ref=p2p.org">@zksync</a> prior to launch, with many more on the way. <a href="https://t.co/QrVA1d2ect?ref=p2p.org">pic.twitter.com/QrVA1d2ect</a></p>— Avail (@AvailProject) <a href="https://twitter.com/AvailProject/status/1815660858162270253?ref_src=twsrc%5Etfw&ref=p2p.org">July 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p><br>Read their blog post for an in-depth understanding of Avail’s vision for a unified Web3 <a href="https://blog.availproject.org/avail-da-mainnet-is-live/?ref=p2p.org">blog post</a>, or go to the comprehensive developer documentation available <a href="https://docs.availproject.org/?ref=p2p.org">here</a>.</p><h2 id="validator-network">Validator Network</h2><p>The Avail network can support up to 1000 validators using an NPoS consensus mechanism, ensuring equitable reward distribution and enhanced decentralization. The rollout will start with a genesis set of validators.</p><p><strong>P2P.org is proud to support Avail as a genesis validator and participate in all the testnet activities. That ensures we are the leaders, supported by strong technical expertise</strong>. We work closely with Avail Project on X: <a href="https://x.com/AvailProject?ref=p2p.org">https://x.com/AvailProject</a>, providing our audience with insightful pieces of information from its founder:</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Are you ready for an exciting launch tomorrow? AVAIL is about to change the game with its MODULARITY, promising to solve the blockchain fragmentation problem!<br><br>Let’s hear from <a href="https://twitter.com/anuragarjun?ref_src=twsrc%5Etfw&ref=p2p.org">@anuragarjun</a>, co-founder of <a href="https://twitter.com/AvailProject?ref_src=twsrc%5Etfw&ref=p2p.org">@AvailProject</a>, who explains how AVAIL improves the user experience. <a href="https://t.co/JT3iQgmdnL?ref=p2p.org">pic.twitter.com/JT3iQgmdnL</a></p>— P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1815305760831615006?ref_src=twsrc%5Etfw&ref=p2p.org">July 22, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p><br></p><p>During high demand for the Avail Goldberg Testnet, P2P.org demonstrated its commitment and capability by actively supporting Avail. We participated in the light nodes challenge and were one of only three external providers of RPC nodes.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"> P2P.org successfully handled more than 30,000 simultaneous connections and processed over 100 million requests.</div></div><p><br>This strategic support played a vital role in ensuring the stability of the Avail Goldberg Testnet during a crucial phase of its operations.</p><p>Our team's efforts included deploying a proxy balancer that efficiently managed the load between several nodes:</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">We significantly enhanced the network's capacity to handle over 300 million requests and maintain peak connectivity for 37,000 concurrent connections.</div></div><p><br>This technological prowess demonstrates P2P.org’s capability in managing high-demand blockchain operations and shows our expertise in providing advanced infrastructure solutions.<br></p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/networks/avail?ref=p2p.org" class="kg-btn kg-btn-accent">Stake your AVAIL with P2P.org</a></div><h2 id="web3-unification"><br><br><strong>Web3 Unification</strong></h2><p>Avail DA aims to be the cornerstone of a permissionless unification layer for Web3. This layer will facilitate cross-chain transactions through Avail Nexus and provide comprehensive shared security via Avail Fusion, paving the way for a unified future for decentralized applications.</p><p>Developers are encouraged to build on Avail DA using Ethereum’s top rollup stacks or explore beyond the EVM. </p><p><a href="https://p2p.org/networks/avail?ref=p2p.org" rel="noreferrer"><strong>Discover more about the Avail project and start staking your AVAIL tokens today.</strong></a></p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake AVAIL with us:</strong> <a href="https://p2p.org/networks/avail?ref=p2p.org">https://p2p.org/networks/avail</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>This guide provides step-by-step instructions on setting up an account in the Avail network and staking AVAIL tokens using your account.</p><h3 id="understanding-ss58-format"><strong>Understanding SS58 Format:</strong></h3><ul><li><strong>What is SS58?</strong> SS58 is an address format Avail uses based on the Substrate framework that supports various blockchain solutions.</li><li><strong>Features</strong>: This format helps create shorter, more recognizable addresses. It includes a network-specific prefix, which adds a layer of security and helps in network identification.</li><li><strong>Security</strong>: Always ensure that the SS58 address matches the network you are interacting with to avoid cross-network errors or vulnerabilities.</li></ul><h3 id="creating-an-account">Creating an account</h3><p>To create an account, choose a trusted SS58-compatible wallet like <a href="https://www.subwallet.app/?ref=p2p.org">SubWallet</a> or <a href="https://www.talisman.xyz/?ref=p2p.org">Talisman</a> or use the Polkadot JS browser <a href="https://polkadot.js.org/extension/?ref=p2p.org">extension</a>.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">🔐</div><div class="kg-callout-text"><b><strong style="white-space: pre-wrap;">Security tips:</strong></b> After creating your account, securely store your seed phrase. Please write it down on paper and store it in a secure location, such as a safe. Do not store it digitally to avoid the risk of digital theft.</div></div><h3 id="connect-account-to-avail-js-portal">Connect account to Avail JS portal</h3><p>Visit the <a href="hootsuit.com is an automated social media management tool that allows us to schedule and share content, monitor what people say about our brand and track performance. We also need it for consistent and periodical reporting." rel="noreferrer">Avail JS</a> portal using a Chrome browser. Upon connecting, your wallet will request authorization. Navigate to the 'Accounts' tab to view your account balance and details.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png" class="kg-image" alt="Screenshot 2024-04-16 at 12.32.44.png" loading="lazy" width="2000" height="695" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>The account should appear on the screen. This account will be your stash. You can have as many accounts as you like.</p><p>We will continue with a single account, but if there are multiple ones, the following creation process should be repeated for each one.</p><h3 id="bond-the-amount-of-avail-you-wish-to-stake">Bond the amount of AVAIL you wish to stake</h3><ol><li>Navigate to <em>Network -> Staking</em> and select the <em>Account</em> tab.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png" class="kg-image" alt loading="lazy" width="2000" height="400" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><ol start="2"><li>Choose the amount of AVAIL to bond for staking. Ensure that a minimum balance of 1 AVAIL is unbonded to cover transaction fees. Select your preferred method for receiving staking rewards: Stash account (increase the amount at stake); Stash account (do not increase the amount at stake); Specified payment account (send rewards to any 3rd party account).</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png" class="kg-image" alt loading="lazy" width="2000" height="849" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 2130w" sizes="(min-width: 720px) 720px"></figure><p><strong>We make payouts daily, so you won't need to pay a TX fee by yourself.</strong></p><p>We recommend assigning a staking proxy account. You should fund a separate account with 2-3 AVAIL and connect with your primary one to perform staking-related operations on behalf of your stash, like triggering payout or nominating a validator. A staking proxy has no access to the funds on the stash account.</p><ol start="3"><li>In the next window, select up to 16 validators with which you wish to stake. If you want to nominate P2P.org, search <a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.ORG</a> and select our validators from the list. We highly recommend selecting more than 1 validator to increase your chances of being eligible for rewards.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png" class="kg-image" alt loading="lazy" width="2000" height="878" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 2146w" sizes="(min-width: 720px) 720px"></figure><ol start="4"><li>Chosen validators will appear in the right column. Press Bond & <em>Nominate </em>to continue<em>.</em></li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png" class="kg-image" alt loading="lazy" width="2000" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 2134w" sizes="(min-width: 720px) 720px"></figure><ol start="5"><li>Sign the transaction</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png" class="kg-image" alt loading="lazy" width="2000" height="870" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 2148w" sizes="(min-width: 720px) 720px"></figure><ol start="6"><li>Your screen should be updated, and current nominations should appear in the <em>Account </em>tab. From here, you can manage your staking in the future.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png" class="kg-image" alt loading="lazy" width="2000" height="182" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>Staking will begin in the next era or two (24 - 48 hours). You will be able to track nominations from <em>Staking -> Account. </em>At least one nomination should become active, indicating that your stake is working in full and generating rewards.</p><p></p><h2 id="unbonding-funds">Unbonding funds</h2><ol><li>To start unbonding your funds, you must first express your desire to stop nominating. To stop the nomination, go to Network -> Staking, navigate to Account the tab, and select Stop.</li></ol><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">This only stops your nominations but does not unbond your funds. After you sign the TX, you need to continue with unbonding. </div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png" class="kg-image" alt loading="lazy" width="2000" height="165" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li>To start unbonding, tap on three dots, select <em>Unbodning funds</em>,<em> </em>and select how much you want to unbound after signing the tx. </li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png" class="kg-image" alt loading="lazy" width="2000" height="662" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="3"><li>After signing the unbonding transaction, you will see the timer for your unbonding period. In Avail, it's 28 days. After that, your funds will be free and available to withdraw.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.56.26.png" class="kg-image" alt loading="lazy" width="546" height="274"></figure><p>For more information about Avail staking, please refer to <a href="https://docs.availproject.org/docs/end-user-guide?ref=p2p.org" rel="noreferrer">the official documents</a>. </p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><a href="P2P.org" rel="noreferrer">P2P.org</a> is proud to announce the launch of our innovative <a href="http://ssv.network/?ref=p2p.org" rel="noreferrer">SSV</a> <strong>White-Label Node solution</strong> in partnership with <a href="http://originprotocol.com/?ref=p2p.org" rel="noreferrer">Origin</a>.<br><br>This new product marks a significant milestone in our commitment to providing state-of-the-art decentralized validation technology (DVT) solutions to our clients. By focusing on efficiency and a customer-centric approach to their customization, we are delivering a solution that not only simplifies the staking process but also meets the unique needs for each of our unique and diverse clients. </p><h2 id="about-origin"><strong>About Origin</strong></h2><p>Origin Protocol is a longstanding Ethereum DeFi project focused on creating economic opportunities through permissionless multichain protocols. Their suite of products, including Origin Ether (OETH) and Origin Dollar (OUSD), are designed to enhance yield generation. These products integrate seamlessly across the DeFi ecosystem, allowing users to earn and compound returns on-chain.</p><p>Origin Protocol’s ecosystem is underpinned by the Origin Token (OGN), which serves as the governance and value-accrual token. Users can stake OGN to receive xOGN, gaining a share of the protocol’s revenue and voting rights in the governance process. The team behind Origin comprises experienced entrepreneurs and professionals from major tech firms, backed by prominent investors like Pantera Capital and Foundation Capital.</p><h2 id="introducing-the-ssv-white-label-node-solution"><strong>Introducing the SSV White-Label Node Solution</strong></h2><p>Our SSV White-Label Node solution allows clients to register validators on exclusive SSV private nodes dedicated solely to their use. This new offering brings several key advantages:</p><ul><li><strong>Customization: </strong>Clients can tailor their nodes based on specific requirements, such as geographical location and the choice of Consensus Layer (CL) and Execution Layer (EL) to run. </li><li><strong>Ease of Operation: </strong>With private nodes, we can significantly reduce the amount of $SSV required to run an SSV cluster. Public nodes typically require 6.5 $SSV per year. However, with our private nodes, we can set the operator fee to 0, so users only need to pay around 0.5 $SSV per year in network fees.</li><li><strong>Automation via DVT API:</strong> Our solution automates the entire SSV registration and validator deposit process through our DVT API, eliminating manual steps and streamlining operations. You can also learn more about our API integration from our <a href="https://docs.p2p.org/docs/getting-started-ssv?ref=p2p.org">integration guide</a>.</li></ul><h2 id="partnership-with-origin"><strong>Partnership with Origin</strong></h2><p>We have partnered with Origin to deploy this new solution, demonstrating the powerful capabilities of our SSV White-Label Node. We have set up eight dedicated SSV nodes for Origin, four of which have already reached their maximum capacity of 500 validators each. </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/image--1-.png" class="kg-image" alt loading="lazy" width="1078" height="586" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/image--1-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/image--1-.png 1000w, https://p2p.org/economy/content/images/2024/07/image--1-.png 1078w" sizes="(min-width: 720px) 720px"></figure><p><strong>This means that Origin has staked nearly 24,000 ETH using our new solution.</strong> Additionally, four more nodes are ready to be filled, with more ETH to be staked.</p><p>One of the key benefits Origin is experiencing with our solution is a drastic reduction in operational costs from the amount of $SSV tokens required up-front. For example, maintaining 146 days of operational runway requires only 105 SSV ($3,666) with our solution. Without it, achieving the same coverage would necessitate 1366.17 SSV ($47,788). This represents a significant saving in efforts from buying large amounts of SSV tokens upfront to register so many validators.</p><h2 id="looking-ahead"><strong>Looking Ahead</strong></h2><p>The launch of the SSV White-Label Node solution represents a major advancement in decentralized staking technology. This partnership with Origin is just the beginning. As we continue to develop and refine our solutions, we look forward to offering even more innovative and cost-effective options to our clients.</p><p>Stay connected with P2P.org for more updates and developments in the decentralized validation technology space. For more information, visit our website or join our official community Telegram channel.</p><p>Together, we are pushing the boundaries of decentralized finance, creating a more secure and efficient future for the Ethereum ecosystem.</p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, with $7B from over 10,000 delegators/nominators across different high-class networks. Developing the SaaB (Staking-as-a-business) model, we help networks, exchanges, custodians, and institutions build their staking products and create new revenue streams.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alessandro via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Read about SaaB:</strong> <a href="https://x.com/P2Pvalidator/status/1778388967940902972?ref=p2p.org">https://x.com/P2Pvalidator/status/1778388967940902972</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><em>Staking GRT (Graph Tokens) is a fantastic way to participate in the growth of The Graph network while earning rewards. Whether you're new to cryptocurrency or a seasoned investor, this guide will walk you through the process of delegating your GRT tokens step-by-step.</em></p><h2 id="what-is-the-graph"><strong>What is The Graph?</strong></h2><p><strong>The Graph is a decentralized protocol for indexing and querying data from blockchains.</strong> It allows developers to build and query decentralized applications (dApps) quickly and efficiently. The Graph network relies on a decentralized community of indexers, curators, and delegators to operate.</p><h2 id="why-delegate-grt-tokens"><strong>Why Delegate GRT Tokens?</strong></h2><p>As a GRT token holder, <strong>you can delegate your tokens to indexers and earn a portion of the rewards they generate.</strong></p><p>Delegating GRT tokens helps secure the network and ensures its efficient operation. In return, you receive a share of the rewards earned by the indexers. It's a way to earn passive income from your GRT holdings without needing to run your own node or perform technical operations.</p><h2 id="step-by-step-guide-to-delegate-grt-tokens"><strong>Step-by-Step Guide to Delegate GRT Tokens</strong></h2><p>To help you get started, we've prepared a comprehensive video tutorial that walks you through each step of the delegation process. Watch the video below for a visual guide, and then follow the detailed instructions provided in this article.</p> <!--kg-card-begin: html--> <style> .responsive-video { position: relative; padding-bottom: 56.25%; /* 16:9 aspect ratio */ height: 0; overflow: hidden; max-width: 100%; height: auto; } .responsive-video iframe { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } </style> <div class="responsive-video"> <iframe src="https://www.youtube.com/embed/ptG6xCCizCY" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div> <!--kg-card-end: html--> <p></p><h3 id="step-1-connect-your-wallet"><strong>Step 1: Connect Your Wallet</strong></h3><p><strong>Connect Your Wallet</strong>: Click on the "Connect Wallet" button. Select your wallet type (MetaMask, WalletConnect, or Ledger) and follow the prompts to connect your wallet to the site.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled.png" class="kg-image" alt="Untitled" loading="lazy" width="2000" height="539" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled.png 2000w" sizes="(min-width: 720px) 720px"></figure><p><strong>Go to The Graph’s Website</strong>: Visit the official Graph Network website (<a href="https://thegraph.com/explorer?ref=p2p.org">https://thegraph.com/explorer</a>).</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-2.png" class="kg-image" alt="Untitled" loading="lazy" width="2000" height="996" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-2.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-2.png 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><h3 id="step-2-choose-one-of-the-p2p-indexer"><strong>Step 2: Choose One of The P2P Indexer</strong></h3><p><strong>Locate Our Indexer</strong>: P2P has two active indexers, you can either search <code>p2p</code> within the indexers or visit one below:</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">* p2p-org-booster.eth - <a href="https://thegraph.com/explorer/profile/0xf00f7157fa8fd0420b87956d46058a16b2f23adc?view=Indexing&chain=arbitrum-one&ref=p2p.org" rel="noopener noreferrer">0xf00f7157fa8fd0420b87956d46058a16b2f23adc</a><br><br>* p2p-org-arbitrum.eth - <a href="https://thegraph.com/explorer/profile/0x2f09092aacd80196fc984908c5a9a7ab3ee4f1ce?view=Indexing&chain=arbitrum-one&ref=p2p.org" rel="noopener noreferrer">0x2f09092aacd80196fc984908c5a9a7ab3ee4f1ce</a></div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-3.png" class="kg-image" alt loading="lazy" width="2000" height="736" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-3.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-3.png 2000w" sizes="(min-width: 720px) 720px"></figure><p><strong>Review Our Metrics</strong>: Check the performance metrics and reward rates associated with our indexer. Our commitment to excellence ensures competitive rewards and reliable service.</p><p><strong>Select Our Indexer</strong>: Click on our indexer’s profile to see more details and proceed with delegation.</p><p></p><h3 id="step-3-delegate-your-grt-tokens"><strong>Step 3: Delegate Your GRT Tokens</strong></h3><p><strong>Initiate Delegation:</strong> On our indexer’s profile, click the “Delegate” button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-4.png" class="kg-image" alt loading="lazy" width="2000" height="1642" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-4.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-4.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">You will be required to pay 0.5% GRT deposit tax.</div></div><p></p><p><strong>Enter Amount:</strong> Specify the amount of GRT tokens you want to delegate. Make sure you leave some GRT in your wallet to cover potential transaction fees. You will be required to pay 0.5% GRT deposit tax.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-5.png" class="kg-image" alt loading="lazy" width="2000" height="1732" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-5.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-5.png 2000w" sizes="(min-width: 720px) 720px"></figure><p><strong>Approve Transaction</strong>: Approve the transaction in your wallet. This step allows the staking contract to access your GRT tokens.</p><p><strong>Confirm Delegation</strong>: After the approval, confirm the delegation transaction. Pay the necessary gas fees to complete the process.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-6.png" class="kg-image" alt loading="lazy" width="2000" height="1402" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-6.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-6.png 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><h3 id="step-4-monitor-your-delegation"><strong>Step 4: Monitor Your Delegation</strong></h3><p><strong>Track Performance</strong>: You can monitor the performance of your delegation on the staking dashboard. It will show you the rewards you’ve earned and other relevant metrics.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Untitled-7.png" class="kg-image" alt loading="lazy" width="2000" height="2033" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Untitled-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Untitled-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Untitled-7.png 1600w, https://p2p.org/economy/content/images/2024/07/Untitled-7.png 2000w" sizes="(min-width: 720px) 720px"></figure><p><strong>Un-delegate</strong>: If you wish to un-delegate your tokens, you can do so from the dashboard. Note that un-delegating may have a 28-days cooldown period before your tokens become available again.</p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Rewards are automatically added to staked deposit and paid when the indexer closes allocation. <b><strong style="white-space: pre-wrap;">There is no slashing for delegators on The Graph.</strong></b> The Graph GRT unbonding period lasts 28 days.</div></div><p></p><h2 id="tips-for-successful-delegation"><strong>Tips for Successful Delegation</strong></h2><p><strong>Stay Informed</strong>: Keep up with news and updates from The Graph network to make informed decisions about your delegations.</p><p><strong>Be Patient</strong>: Staking and delegating are long-term strategies. Give your investments time to grow.</p><p>By following this guide and choosing P2P indexer, you'll be well on your way to successfully delegating your GRT tokens and participating in The Graph network. Enjoy earning rewards while contributing to the future of decentralized applications!</p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. </p><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a><br><br>Our team is here via our official Telegram channel if you have any questions or support. </p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><strong>Babylon is a Bitcoin Staking Protocol that allows Bitcoin holders to stake their BTC, providing security for different PoS systems. </strong>As a result, BTC holders can gain rewards on their capital in the tokens of PoS systems they support. On the other hand, different blockchains or DA layers that decide to integrate with Babylon can use it to secure their networks with Bitcoin, the world’s most valuable crypto asset.<br><br>To understand it better, please read our previous article on BTC staking with Babylon:</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/what-is-bitcoin-staking/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">What is Bitcoin Staking?</div><div class="kg-bookmark-description">Introducing Babylon 1. The Problem Bitcoin is the most prominent and valuable cryptocurrency in the world. However, it lacks mechanisms for holders to earn passive income, similar to PoS networks such as Ethereum, leading to millions of idle Bitcoins. The evolving blockchain landscape, especially Proof-of-Stake chains, demands consistent security and</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Kamil Jakub Natil</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/05/BTC-20staking-202.jpg" alt></div></a></figure><p><br>In previous blog posts, we discussed Bitcoin Staking and how Babylon provides non-custodial staking of BTC:</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/understanding-non-custodial-staking-on-the-babylon/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Understanding Non-Custodial Staking on the Babylon</div><div class="kg-bookmark-description">What is Babylon? Babylon is a revolutionary staking protocol that allows Bitcoin holders to provide their BTC assets to secure PoS systems and receive a yield on their assets. The idea of BTC staking is relatively new and needs further explanation. When discussing BTC staking, many people associate it with</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Kamil Jakub Natil</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/05/Babylon.jpg" alt></div></a></figure><p><br>Today, we will look at Babylon from another angle, show how Babylon is achieving universality on a scale, and show how significant Babylon's impact can become on the blockchain industry and different PoS systems because of its flexible architecture.</p><h3 id="babylons-key-components">Babylon's key components</h3><p>As we discussed, <strong>Babylon leverages BTC to provide shared security, making it a reliable source of security for various PoS systems</strong>. But how does it achieve this?</p><p>Babylon introduces the role of Finality Providers, who receive delegations of BTC from Bitcoin holders. Finality Providers are additional validators that can participate in the block validation process. The largest blockchain validators, including P2P.org, will be Finality Providers in Babylon.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/06/pos-1.jpg" class="kg-image" alt loading="lazy" width="2000" height="1159" srcset="https://p2p.org/economy/content/images/size/w600/2024/06/pos-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/06/pos-1.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/06/pos-1.jpg 1600w, https://p2p.org/economy/content/images/2024/06/pos-1.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><p>After receiving the BTC delegation, Finality Providers can participate in the block verification process. If they act maliciously, for example, by double signing, the portion of Bitcoins delegated by stakers can be slashed. Slashing can be technically achieved because of the EOTS signature that Finality Providers use to validate blocks. When Finality Providers double sign, their private key is leaked, which allows the broadcast of a pre-approved slashing transaction that was created when the user staked the tokens.<br></p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-text">Babylon’s design is elegant and flexible. It adds additional finality rounds to blockchains operated by Finality Providers. This means that PoS systems, which have their own consensus mechanisms and validators, can add an extra level of verification supported by a set of Finality Providers who provide BTC as a slashable asset.</div></div><p><br>This set of Finality Providers can improve security and make the blockchain more decentralized. Decentralization is crucial for any blockchain to be secure and sustainable, but not all blockchains boast about it. Additionally, finding and maintaining a stack of validators is a resource-intensive process.</p><p><strong>Babylon acts as a shared security marketplace that brings together Finality Providers, who offer shared security, and PoS systems, which receive it in exchange for rewards.</strong></p><h3 id="cosmos-as-a-first-stop">Cosmos as a First Stop</h3><p>Babylon plans to focus on the Cosmos SDK blockchains and the Babylon PoS chain itself as the first PoS systems. Like other chains built on CometBFT, the Babylon PoS chain will have a set of validators that validate blocks and broadcast them to other nodes. Validators in Cosmos use the native tokens of these chains as security collateral. If they act maliciously, the portion delegated tokens can be slashed.</p><p>However, when integrated with Babylon, Cosmos SDK chains add an additional finality round that provides extra security through Finality Providers. As shown in the diagram, these Finality Providers become an additional step in the block path, creating a more secure block verification process.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/06/a3.jpg" class="kg-image" alt loading="lazy" width="2000" height="1159" srcset="https://p2p.org/economy/content/images/size/w600/2024/06/a3.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/06/a3.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/06/a3.jpg 1600w, https://p2p.org/economy/content/images/2024/06/a3.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><p>If Cosmos SDK chains decide to work with Babylon and receive additional security, they must reward Finality Providers to attract them. This creates a marketplace where Finality Providers offer security, and blockchains reward them.<br></p><h3 id="other-ecosystems-are-welcomed">Other Ecosystems Are Welcomed</h3><p>One of the most exciting aspects of Babylon's plan is its focus on PoS systems outside of the Cosmos ecosystem. From Babylon's announcements, we know that Babylon plans to integrate its Bitcoin Staking Protocol to provide shared security to Bitcoin L2s, AltLayer rollups, standalone chains, and more.</p><p>The reality is that the additional round of finality after the protocol has finalized a block can be added to different consensus protocols, not just CometBFT. Babylon's general approach can open the doors to providing security for various blockchain ecosystems and allow Babylon to build a shared security marketplace, where PoS systems from different ecosystems can interact with finality providers and receive security from them.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/06/a2.jpg" class="kg-image" alt loading="lazy" width="2000" height="2000" srcset="https://p2p.org/economy/content/images/size/w600/2024/06/a2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/06/a2.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/06/a2.jpg 1600w, https://p2p.org/economy/content/images/2024/06/a2.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p>When speaking about Babylon, we should always keep in mind that Babylon's impact can be much more significant than we think right now. This is achieved through its architecture and the vast amount of BTC collateral that can be used. In the long run, this shared security model can lead to a more secure and resilient blockchain environment. As more PoS systems join the Babylon, the collective security and stability of the entire ecosystem improve. <br></p><h2 id="how-to-participate">How to Participate?</h2><p>If you're interested in participating in the launch of Babylon, we recommend two main directions for involvement:</p><ol><li><strong>Testnet Participation:</strong><br>Engage with the Babylon testnet by staking your SignetBTC directly on Babylon's <a href="https://btcstaking.testnet.babylonchain.io/?ref=p2p.org"><u>official website</u></a>. This allows you to familiarize yourself with the platform's features and functionalities without risking real assets.</li><li><strong>Support for Large Bitcoin Holders:</strong><br>If you hold significant Bitcoin, <strong>don't hesitate to contact our team</strong>. We can provide tailored validator solutions that will be optimal for you when the mainnet launches. (<a href="mailto:[email protected]" rel="noreferrer">Person of contact</a>)</li></ol><div class="kg-card kg-button-card kg-align-center"><a href="mailto:[email protected]" class="kg-btn kg-btn-accent">Email Us!</a></div><p><br><br>The Babylon Testnet-4 has already been launched, and the mainnet launch is anticipated by the end of the first half of the year. This new testnet focuses on the security of staked Bitcoins by testing user interactions with the BTC Signet test network. The Babylon team is actively monitoring updates and feedback from the community to ensure the network's </p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Babylon Chain activities since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alik via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>In line with our commitment to deliver the best staking opportunities, <strong>we will no longer support the following networks from July 17, 2024</strong>:<br></p><ul><li>Evmos ($EVMOS, <a href="https://twitter.com/EvmosOrg?ref=p2p.org" rel="noreferrer">@EvmosOrg</a>)</li><li>Persistence ($XPRT, <a href="https://twitter.com/PersistenceOne?ref=p2p.org" rel="noreferrer">@PersistenceOne</a>)</li><li>Archway ($ARCH, <a href="https://twitter.com/archwayHQ?ref=p2p.org" rel="noreferrer">@archwayHQ</a>)</li><li>KYVE ($KYVE, <a href="https://twitter.com/KYVENetwork?ref=p2p.org" rel="noreferrer">@KYVENetwork</a>)</li><li>Mars Hub ($MARS, <a href="https://twitter.com/mars_protocol?ref=p2p.org" rel="noreferrer">@mars_protocol</a>)</li><li>Marlin ($POND, <a href="https://x.com/MarlinProtocol?ref=p2p.org" rel="noopener noreferrer">@MarlinProtocol</a>)</li></ul><p><br><a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> remains dedicated to supporting other decentralized networks by providing our users with premium validator services and next-level support. <br><br><strong>Action Required for Token Holders:</strong><br>For those who have stakes in these networks through <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> or any other means, here's what you need to know:</p><ul><li><strong>Redelegation</strong>: This action is usually instant for most networks. Once you initiate redelegation, your stake will seamlessly transfer to another validator.</li><li><strong>Unstaking</strong>: This step has an <strong>unbonding duration</strong>, which varies by network. Please ensure an early start to complete this process successfully.</li></ul><p><strong>Failure to act by the 17th July deadline will halt further reward generation.</strong> P2P.ORG's dedication to innovation, enhancing user experience, and community partnerships remain our priority through every decision. <br>We sincerely appreciate your flexibility during this transition.<br><br>Our team is here via our official Telegram channel if you have any questions or support. <br><br><a href="https://t.me/P2Pstaking**?ref=p2p.org">https://t.me/P2Pstaking</a>.<br><br><strong>About P2P Validator</strong></p><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. </p><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br></p>
from p2p validator
<p>We are excited to announce a <strong>significant update to our Polkadot Staking API</strong>, which was made possible by the dedicated efforts of our Staking API team.<br><br>In the rapidly evolving world of Web3, <strong>intermediaries like custodians, exchanges, wallets, and institutional investors are constantly seeking ways to optimize their services and provide superior value to their clients.</strong></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">At P2P.org, we understand the critical role these intermediaries (for example, custodians, wallets, exchanges, and institutional investors) play in the ecosystem, and we are committed to offering solutions that enhance their operational efficiency and client offerings.</div></div><p>Our Staking API enables seamless integration and management of staking operations for Polkadot.</p><h3 id="why-choose-p2porgs-polkadot-staking-api"><strong>Why Choose P2P.org's Polkadot Staking API?</strong></h3><p>Our Staking API is tailored for businesses leveraging Polkadot's staking capabilities to enhance their service portfolio.<br><br>Here's how it can benefit your organization:</p><ol><li><strong>Streamlined Integration</strong>: Easily integrate staking functionalities into your existing systems with minimal effort, ensuring a smooth user experience for your clients. This saves you time and resources. It also enables you to integrate other networks to offer your clients various products effortlessly.</li><li><strong>Enhanced Security</strong>: Benefit from robust security features that protect your assets and ensure compliance with industry standards.</li><li><strong>Scalability</strong>: Our API supports high volumes of transactions, making it ideal for large-scale operations.</li><li><strong>Expert Support</strong>: Access our dedicated support team, which is ready to assist you with any technical challenges and ensure your integration is successful.</li><li><strong>Revenue Sharing</strong>: Benefit from a revenue-sharing model that aligns with your business goals, ensuring a mutually beneficial partnership.</li></ol><p>On top of that, our new Polkadot Staking API enhancements significantly increase the network rewards with P2P.org compared to the industry average. You can see it from this chart (check the <a href="https://dune.com/substrate/polkadot-staking?ref=p2p.org" rel="noreferrer">Dune Staking Dashboard for Polkadot and look for pools ID: 189 and 238</a>):</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/06/high-reward-polka-GRAPH-1.jpg" class="kg-image" alt loading="lazy" width="1978" height="1225" srcset="https://p2p.org/economy/content/images/size/w600/2024/06/high-reward-polka-GRAPH-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/06/high-reward-polka-GRAPH-1.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/06/high-reward-polka-GRAPH-1.jpg 1600w, https://p2p.org/economy/content/images/2024/06/high-reward-polka-GRAPH-1.jpg 1978w" sizes="(min-width: 720px) 720px"></figure><p><strong>By enabling Nomination Pools staking via Staking API</strong>,<strong> we lowered the entry barrier for your Clients: Staking is</strong> <strong>now available starting from just 1 DOT</strong>. Before, the previous requirement was to stake at least 100K. This makes it accessible to a broader range of users.<br><br>This update provides much-needed flexibility and opportunities for our partners and clients. We believe it will foster new partnerships and help our existing partners grow their staking activities quickly and efficiently.</p><h3 id="how-does-the-integration-work"><strong>How does the Integration Work?</strong></h3><p>Our Staking API is designed to be intuitive and easy to implement. Here's a brief overview of the process:</p><ol><li><strong>Integration</strong>: Use <a href="https://docs.p2p.org/docs/staking-polkadot-public?ref=p2p.org" rel="noreferrer">our step-by-step documentation</a> and support resources to integrate the API into your platform easily. Approximate ETA: 3 days!</li><li><strong>On-demand support</strong>: Our integration team is ready to support you with any questions and doubts to lead to a successful integration</li><li><strong>Staking</strong>: Get your first stake and enjoy!</li></ol><h3 id="case-study"><strong>Case Study</strong></h3><p>Consider a scenario in which the CEO of a financial services company is seeking new revenue streams and ways to enhance client satisfaction. By integrating P2P.org's Staking API directly into their platform, the company can achieve several key objectives:</p><ol><li><strong>Operational Efficiency</strong>: By integrating our Staking API, the company can streamline staking operations, reducing manual effort and increasing reliability.</li><li><strong>Competitive Advantage</strong>: Our API optimizes the staking process, resulting in higher protocol rewards than other solutions (see the chart above: Our integration has historically provided higher staking rewards over the same period than others.). This positions the company as a leader in the market, providing an unparalleled staking experience that attracts more clients.</li><li><strong>Client Satisfaction</strong>: Thanks to reliable performance, your client satisfaction improves significantly. Our service boasts a 99% uptime SLA, ensuring that clients can stake their assets with confidence and reliability. The seamless staking experience and the promise of higher staking rewards ensure clients are more engaged and satisfied with the services.</li></ol><p>Contact us today to learn more about how our API can benefit your organization.</p><h3 id="person-of-contact">Person of contact:</h3><p>Polkadot Staking: <a href="mailto:[email protected]" rel="noreferrer">Alexander Tishin </a><br>Staking API integration: <a href="mailto:[email protected]" rel="noreferrer">Alessandro Maci</a><br><br>Let's continue to innovate and achieve great things together!</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br><br></p>
from p2p validator
<p></p><h2 id="what-is-babylon">What is Babylon?</h2><p><a href="https://twitter.com/babylon_chain?ref=p2p.org" rel="noreferrer">Babylon</a> is <strong>a revolutionary staking protocol that allows Bitcoin holders to provide their BTC assets to secure PoS systems</strong> and receive a yield on their assets.</p><blockquote>The idea of BTC staking is relatively new and needs further explanation. When discussing BTC staking, many people associate it with locking BTC in some multisig account, bridging BTC to other chains, and minting new synthetic tokens. The addition of third parties always reduces security. However, that's not the case with Babylon.</blockquote><p>To avoid misunderstandings, let’s clarify that Babylon is a Bitcoin Staking Protocol that provides shared security for PoS systems and allows Bitcoin holders to delegate their BTC to Finality Providers, who can then provide Bitcoin security to a consumer PoS chain or DA layer. On the other hand, there is also the Babylon chain, built on Cosmos SDK, which receives security from the Babylon Bitcoin Staking Protocol and acts as the first chain that Finality Providers can support. However, <strong>Babylon plans to support different PoS systems from various blockchain ecosystems and provide them access to shared security collateral with BTC.</strong></p><p>In this article, we’ll focus on the Babylon Bitcoin Staking Protocol. <strong>We’ll show you how the staking flow works</strong>, how Babylon applies non-custodial features, and why the process is secure.</p><h2 id="core-parts-of-the-babylon-bitcoin-staking-protocol">Core Parts of the Babylon Bitcoin Staking Protocol</h2><p>The Babylon Bitcoin Staking Protocol consists of two key protocols designed to enhance security in decentralized systems. These protocols leverage the robust features of both Bitcoin and Babylon:</p><ol><li><strong>Bitcoin Timestamping Protocol. </strong>This protocol in Babylon allows data from PoS systems, such as blockchains or DA layers, to be securely timestamped on the Bitcoin network. The protocol enables any data submitted to Babylon to receive Bitcoin timestamps, enhancing their security as more blocks are added over time. This increased immutability helps protect PoS systems from long-range attacks, improving their integrity. Additionally, this protocol facilitates data exchange between Bitcoin and other PoS systems that utilize BTC for security.</li><li><strong>Bitcoin Staking Protocol. </strong>Babylon’s Bitcoin Staking Protocol enables Bitcoin to secure decentralized systems through trustless, self-custodial staking. Bitcoin holders can stake their Bitcoin for PoS systems without needing third-party custody, bridges, or wrapping. This protocol offers economic security guarantees to PoS systems, allowing for slashing if necessary, and ensures efficient stake unbonding to enhance liquidity for Bitcoin holders. It’s designed to be modular and compatible with various PoS consensus protocols, serving as a foundation for building restaking protocols.</li></ol><p>These protocols form a solid foundation for Babylon, providing the ability to stake BTC and exchange data between Bitcoin and chains that use BTC as security collateral.</p><h2 id="how-does-staking-work">How does staking work?</h2><p>Before describing the entire flow, <strong>let’s briefly talk about the staking process's cornerstones: the Finality Providers' role, a time lock, and an EOTS signature.</strong></p><h3 id="finality-providers">Finality Providers</h3><p>Babylon introduces an additional layer of finality that can be added on top of CometBFT or other consensus protocols. Finality Providers are responsible for voting in a finality round on top of these consensus protocols.<br>Finality Providers can receive voting power delegations from BTC stakers and earn commissions from the staking rewards denominated in the tokens of the networks they support.</p><p>If a Cosmos chain decides to integrate with the Babylon Bitcoin Staking Protocol, they need to onboard Finality Providers in addition to their existing set of validators. Additionally, they must incentivize Finality Providers to secure the network by providing additional rewards.</p><p>This dual-layer security system creates a strong shared security that can be used by various PoS systems. <strong>By combining the efforts of current validators and Finality Providers, Babylon offers a solid foundation that PoS systems can use to boost their own security.</strong> This shared security strengthens the Babylon network and provides a reliable security setup for other networks and applications that connect with Babylon.</p><h3 id="a-time-lock">A Time Lock </h3><p>A UTXO time lock is a feature of the Bitcoin blockchain that ensures certain coins can't be used until a specific time or block height is reached. Since Bitcoin doesn't have smart contract functionality, developers use UTXO scripts to create these time locks. To set up a time lock on a UTXO, users need to utilize Bitcoin's script language. Bitcoin scripts define the conditions under which a transaction output can be spent. In the case of a time lock, the script includes specific opcodes (operations) that enforce the time-based restriction.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/1920x1080-9.jpg" class="kg-image" alt loading="lazy" width="1920" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/1920x1080-9.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/1920x1080-9.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/1920x1080-9.jpg 1600w, https://p2p.org/economy/content/images/2024/05/1920x1080-9.jpg 1920w" sizes="(min-width: 720px) 720px"></figure><p>Using time locks, Babylon can maintain a secure and trustless staking environment, giving users confidence that their staked assets remain controlled until the time lock conditions are met. This approach not only secures the funds but also enhances the overall integrity of the staking process.</p><h3 id="eots-signature">EOTS Signature</h3><p>An EOTS (Extractable One-Time Signature) is a cryptographic feature used by Babylon to enhance the security and integrity of its staking process. EOTS signatures are built using Schnorr signatures, which prevent finality providers from double-signing. In the context of Babylon, an EOTS signature ensures that if a finality provider attempts to sign two conflicting blocks, their secret key is revealed. This exposed secret key can then be used to penalize the malicious actor by triggering a slashing mechanism.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/1920x1080-36.jpg" class="kg-image" alt loading="lazy" width="1920" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/1920x1080-36.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/1920x1080-36.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/1920x1080-36.jpg 1600w, https://p2p.org/economy/content/images/2024/05/1920x1080-36.jpg 1920w" sizes="(min-width: 720px) 720px"></figure><p><br>Babylon employs EOTS signatures to ensure that Finality Providers validate blocks correctly and honestly. When a user like Alice stakes her Bitcoin, she relies on a Finality Provider to validate blocks using her staked BTC as collateral. If the Finality Provider behaves maliciously, for example, by signing the same block twice, the EOTS signature mechanism kicks in. Observers can detect the double-signing, reveal the provider’s EOTS secret key, and use this information to initiate a slashing transaction.</p><p><strong>Here’s how the EOTS signature is involved in the staking process:</strong></p><ol><li>Generating an EOTS Key Pair: The Finality Provider creates a pair of keys: a secret nonce and a public nonce.</li><li>Public Declaration: The Finality Provider announces in advance that for chain-X at block height-1000, this public nonce will be used to verify her vote. This ensures that only votes signed with this specific nonce will be accepted.</li><li>Signing the Block: After verifying block-1000 and being satisfied with it, the Finality Provider uses the secret nonce and her EOTS secret key to sign the block. She then publishes this signature as her vote.</li><li>Verification: The other participants can verify the vote using the finality provider’s EOTS public key and the pre-declared public nonce.</li></ol><p>Using EOTS signatures, Babylon adds an extra layer of security to its staking process. This mechanism guarantees that any attempt by a finality provider to act dishonestly is met with immediate consequences, such as slashing the staked BTC. This approach protects Alice's funds and maintains the integrity and trustworthiness of the entire Babylon staking system.</p><p>Let's imagine that Alice decides to stake her coins. What steps should she take?</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/1920x1080-37--1-.jpg" class="kg-image" alt loading="lazy" width="2000" height="782" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/1920x1080-37--1-.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/1920x1080-37--1-.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/1920x1080-37--1-.jpg 1600w, https://p2p.org/economy/content/images/2024/05/1920x1080-37--1-.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="creating-a-staking-transaction">Creating a Staking Transaction </h3><p>When signing the transaction, Alice makes four essential steps:</p><ol><li>Creates a time lock for her BTC for a specified time range.</li><li>Chooses a Finality Provider to validate blocks and use Alice's BTC as security collateral.</li><li>Pre-signs a slashing transaction: Alice approves the transaction to be slashed if the finality provider she chooses acts maliciously. The finality provider's secret key is the only thing needed to broadcast this transaction. Bitcoins are slashed by sending them to a Bitcoin burn address like 0000…0000.</li><li>Links a Cosmos-based wallet for receiving rewards.</li></ol><h3 id="block-validation">Block Validation</h3><p>After staking BTC, the Finality Provider starts validating blocks to secure the PoS systems using the BTC delegated by Alice. There are two main scenarios for the finality provider:</p><ol><li>Acts Correctly—If the Finality Provider acts correctly and validates blocks without double-signing or being offline, the provider receives rewards for validating blocks, which Alice can claim. The Finality Provider can charge a fee for its validation services.</li><li>Acts Maliciously – If the Finality Provider acts maliciously, it can lead to a slashing transaction. Here’s how it can happen:<ol><li>For example, the Finality Provider acts maliciously by signing one block twice.</li><li>Whoever sees both votes can decrypt the provider’s EOTS secret key.</li><li>A special covenant committee signs the pre-signed slashing transaction created by the staker using the finality provider’s EOTS secret key.</li><li>The slashing transaction is broadcast to the network, and a portion of BTC is sent to a burn address like 0000…0000.</li><li>The remaining portion is returned to Alice.</li></ol></li></ol><p>Because of Babylon's approach's beauty, BTC is always held in Alice's account. If slashing occurs, her Bitcoin can only be withdrawn or sent to a burn address. The EOTS secret key is required to slash Alice's transaction, which can only be revealed if the validator acts maliciously. This architectural approach provides confidence that the whole process is secure and trustless, ensuring that Alice maintains control over her assets at all times. </p><p><strong>Alice's most important decision is choosing a provider with enough experience in the validating industry to secure her BTC without the risk of slashing it.</strong></p><h2 id="why-is-babylons-btc-staking-approach-different-from-alternatives">Why is Babylon's BTC staking approach different from alternatives?</h2><p>BTC holders can find different BTC staking solutions on the market. The most popular ones are Bitcoin L2s. If users want to stake their Bitcoins, they typically need to bridge Bitcoin using bridges, mint BTC derivatives on the receiving network, and find a protocol that allows them to stake their coins.</p><p>Most Bitcoin Layer 2 solutions don't use BTC as collateral for supporting PoS chains. Instead, they provide yield to BTC holders through additional emission, liquidity provision, or lending mechanisms.</p><p>Babylon's approach is more secure because it doesn't involve bridging or minting synthetic BTC. The source of yield is always clear, as it comes from supporting PoS networks, which reward validators with their coins.</p><p>We believe in the Bitcoin staking narrative and are committed to helping the Babylon Foundation use idle Bitcoin capital to fortify PoS systems. We will continue sharing content about this. Stay tuned for updates!</p><h2 id="how-to-participate">How to Participate?</h2><p>If you're interested in participating in the launch of Babylon, we recommend two main directions for involvement:</p><ol><li><strong>Testnet Participation:</strong> Engage with the Babylon testnet by staking your SignetBTC directly on Babylon's <a href="https://btcstaking.babylonchain.io/?ref=p2p.org"><u>official website</u></a>. This allows you to familiarize yourself with the platform's features and functionalities without risking real assets.</li><li><strong>Support for Large Bitcoin Holders: </strong>If you hold significant Bitcoin, don't hesitate to contact our team. We can provide tailored validator solutions that will be optimal for you when the mainnet launches.</li></ol><p>The Babylon Testnet-4 has already been launched, and the mainnet launch is anticipated by the end of the first half of the year. This new testnet focuses on the security of staked Bitcoins by testing user interactions with the BTC Signet test network. The Babylon team is actively monitoring updates and feedback from the community to ensure the network's robustness and security before the mainnet launch. </p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Babylon Chain activities since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alik via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p></p><p><strong>Introduction</strong></p><p>Today (4th July 2024) marks a significant milestone for Web3 as <a href="https://twitter.com/lagrangedev?ref=p2p.org" rel="noreferrer">Lagrange</a> Labs launches its Prover Network on the <a href="https://twitter.com/eigenlayer?ref=p2p.org" rel="noreferrer">EigenLayer</a> mainnet.<br><br>At P2P.org, <strong>we are thrilled to participate in this development, collaborating with top-tier institutional operators to bring the first decentralized zero-knowledge (ZK) prover network into production.</strong> <br><br>This launch represents a transformative step forward in adopting and implementing ZK technology, which promises to revolutionize how we approach scalability, privacy, and security in the blockchain space.</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Watch the video! Well-explained what the Zk (zero knowledge) technology is. 👌<br><br>We’re betting strongly on ZK proofs. Stay tuned to the upcoming launches of ZK networks.<br><br>Do you want to know what’s launching next?<br><br>⏩ Subscribe to the newsletter: <a href="https://t.co/QRWqmu2Rku?ref=p2p.org">https://t.co/QRWqmu2Rku</a> <a href="https://t.co/YhzTDULlzE?ref=p2p.org">https://t.co/YhzTDULlzE</a></p>— P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1773629855860466007?ref_src=twsrc%5Etfw&ref=p2p.org">March 29, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p><br><br><strong>Our Role and Commitment</strong></p><p>As an operator within Lagrange's Prover Network, P2P.org is committed to contributing our expertise and infrastructure to ensure the network's success.<br><br>We are honored to join forces with esteemed partners such as Coinbase, Kraken's Staked, OKX, Ankr, Nethermind, and many more. Our collaboration underscores the collective effort to bring ZK technology to the forefront of the blockchain industry.</p><p>We have always been dedicated to supporting innovative technologies and enhancing the performance and reliability of decentralized networks. The launch of Lagrange's Prover Network aligns perfectly with our mission to advance blockchain technology and foster a more secure, scalable, and decentralized future.</p><p><strong>Lagrange's Prover Network 101</strong></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><b><strong style="white-space: pre-wrap;">Lagrange’s Prover Network is the first production-ready decentralized ZK prover network designed to deliver high-liveness guarantees and cost-effective solutions </strong></b>for users and provers alike. </div></div><p></p><p>By leveraging EigenLayer's low-cost-of-capital environment and restaked ETH, the network ensures that users pay less for high availability while operators are incentivized to maintain optimal performance.</p><p>The Prover Network also introduces a novel architecture that enables a hyper-parallel ZK coprocessor. This allows <strong>developers to execute intensive off-chain computations and bring the results back on-chain with verifiable ZK proofs.</strong> This innovative approach significantly enhances the scalability and efficiency of ZK proofs, making them more accessible to developers and applications.<br><br>If you'd like to know more detailed information on Lagrange's ZK Prover, please read <a href="https://www.lagrange.dev/blog/lagrange-deploys-first-production-ready-zk-prover-network-powered-by-coinbase-kraken-and-okx?ref=p2p.org" rel="noreferrer">Lagrange's blog</a>.</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://www.lagrange.dev/blog/lagrange-deploys-first-production-ready-zk-prover-network-powered-by-coinbase-kraken-and-okx?ref=p2p.org"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Lagrange: Lagrange Deploys First Production-Ready ZK Prover Network Powered by Coinbase, Kraken and OKX</div><div class="kg-bookmark-description"></div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://cdn.prod.website-files.com/6626eae60883543ea2814ed0/663aa051201b1281c91efeff_32.png" alt></div></div><div class="kg-bookmark-thumbnail"><img src="https://cdn.prod.website-files.com/6626eae60883543ea2814ed0/6628fa04f7855cecec18d64e_R.webp" alt></div></a></figure><p></p><p><strong>Our Continued Support for Lagrange</strong></p><p>In our previous blog post, <a href="https://p2p.org/economy/know-your-avs/" rel="noreferrer">Know Your AVS</a>, we highlighted the potential of advanced verification systems and our enthusiasm for partnering with trailblazers like Lagrange. Today, as we celebrate the launch of their Prover Network, we reaffirm our commitment to supporting Lagrange's vision and contributing to the broader adoption of ZK technology.</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/know-your-avs/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Know Your AVS!</div><div class="kg-bookmark-description">Restaking with P2P.org: Know Your AVS The latest development in the EigenLayer protocol has culminated with the launch of the EigenLayer Stage 2 mainnet. This phase marks the introduction of Operators, who assume responsibility for performing validation tasks for Actively Validated Services (AVS) built on the EigenLayer protocol. This</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Kamil Jakub Natil</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/04/Know-Your-AVS.jpg" alt></div></a></figure><p></p><p><strong>Looking Ahead</strong></p><p>The launch of Lagrange's Prover Network on EigenLayer is just the beginning. P2P.org will continue to play an active role in the network, helping to scale its operations and ensure its robustness. We are excited about the opportunities for this collaboration and look forward to further innovations that will emerge from the Prover Network.</p><p>To stay updated on our progress and the latest developments within the Lagrange Prover Network, follow us on <a href="https://twitter.com/P2Pvalidator?ref=p2p.org" rel="noreferrer">social media</a> and <a href="https://t.me/P2Pstaking?ref=p2p.org" rel="noreferrer">join our community discussions</a>. Together, we can drive the future of decentralized technology and unlock the full potential of zero-knowledge proofs.</p><p><strong>Conclusion</strong></p><p>The successful deployment of Lagrange's Prover Network marks a pivotal moment in the evolution of blockchain technology. At P2P.org, we are proud to be part of this historic launch and work alongside industry leaders to mainstream ZK technology. It's our commitment to advance the decentralized ecosystem and build a more secure, scalable, and efficient blockchain infrastructure for all.</p><h2 id="contact-us">Contact Us:</h2><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> <br>We are always open for communication.</em><br><br>We encourage you to check our website and start our staking journey together!</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/ethereum?ref=p2p.org" class="kg-btn kg-btn-accent">Stake with us!</a></div><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a><br><strong>Blog:</strong> <a href="https://p2p.org/economy/">https://p2p.org/economy</a><br><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><h1 id="about-p2p-validator"><br><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks.</p><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact our team directly on X or LinkedIn. We are always open to communication.</p>
from p2p validator
<p>Restaking in presents unique opportunities and challenges. <strong>This article explores the risks involved in restaking, such as smart contract vulnerabilities, operator issues, and protocol flaws, and offers practical strategies to mitigate these risks. </strong>Whether you're an experienced investor or a newcomer, this guide provides essential insights for secure and profitable restaking. Equip yourself with the knowledge needed to navigate this complex landscape confidently.</p><h3 id="contents">Contents</h3><ul><li>Intro</li><li>Map of risks<ul><li>EL smart contract risks</li><li>Operator risks</li><li>Protocol risks</li><li>Operational risks</li></ul></li><li>Risk mitigation</li></ul><h2 id="intro">Intro</h2><p>In April, <a href="https://www.eigenlayer.xyz/?ref=p2p.org">EigenLayer</a> restaking entered Stage 3 on the mainnet with an assortment of Actively Validated Services (AVS) becoming live and ready to be delegated. This marked the beginning of active restaking portfolio construction & management and refreshed the importance of restaking risk evaluation.<br><br>We at <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> take risk considerations carefully and are delighted to share our thoughts. This blog post aims to inform restakers of risks and risk mitigation measures. We will outline:</p><ul><li>the importance of building a risk framework</li><li>risks that may exist in restaking</li><li>risk mitigation strategies and why Operator choice is essential</li><li>challenges in risk evaluation<br></li></ul><blockquote><em>We exclude LRTs and risks specific to liquid restaking. However, a reader can use the provided information to explore the risks of underlying LRT restaking portfolios.</em></blockquote><p>We assume that a reader has an essential awareness of Ethereum, delegated proof of stake (DPoS) staking, and Eigenlayer restaking. For those who are not sure about that, we recommend checking out these resources:</p><ul><li><a href="https://ethereum.org/en/what-is-ethereum/?ref=p2p.org">What is Ethereum</a></li><li><a href="https://www.ledger.com/academy/what-is-delegated-proof-of-stake-dpos?ref=p2p.org">What is Delegated PoS</a></li><li><a href="https://docs.eigenlayer.xyz/eigenlayer/overview/?ref=p2p.org">Intro to Eigenlayer</a></li><li><a href="https://www.blog.eigenlayer.xyz/ycie/?ref=p2p.org">You Could’ve Invented Eigenlayer</a><br></li></ul><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2024/05/image-7.png" class="kg-image" alt loading="lazy" width="1602" height="1120" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-7.png 1600w, https://p2p.org/economy/content/images/2024/05/image-7.png 1602w" sizes="(min-width: 720px) 720px"><figcaption><span style="white-space: pre-wrap;">*</span><i><em class="italic" style="white-space: pre-wrap;">Mostly for illustrative purposes.</em></i></figcaption></figure><h3 id="background">Background</h3><p>In classic DPoS (<em>Delegated Proof of Stake</em>), a token holder who wants to stake chooses a staking service provider (SSP) who will operate nodes and perform protocol duties on the staker's behalf for some fee. This form of staker-SSP relationship is called a delegation. Delegations provide economic security to the protocol, require locking the funds, and are incentivized by reward earnings. A delegator is supposed to do their research on validators and decide who is the best in terms of yield & credibility.</p><p>Conceptually, the restaking process is similar to mere staking but introduces an additional layer of complexity. In addition to choosing an Operator, a delegator must now consider a set of protocols (AVSs).</p><p>We assume a case when a delegator has already settled with Ethereum - they run nodes themselves or stake via Ethereum staking service provider (SSP) or liquid staking protocol (LSP) and has yet to opt in restaking offered by Eigenlayer.</p><p>In Eigenlayer, a delegator (also referred to as a restaker) must choose a Strategy. The Strategy comprises an Operator and the set of AVSs supported by this Operator.</p><p>Operators are obliged to perform duties prescribed by AVS protocols. If they don't, they might be penalized, and the penalty is usually either slashing (burning a fraction of a stake) or jailing (de-registering, banning from operations).</p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">A list of some slashing & jailing conditions that AVSs can have:<br><br>- Misattestation of block/data<br>- Doublesigning<br>- Operational<br>- Downtime<br>- Laziness (imitation of proper work)<br>- Wrong computation output</div></div><p><br>Slashing events may occur due to Operator misbehavior, failure, or protocol flaws, which are sometimes induced by specific market conditions (e.g., high load due to market volatility) and massive technical collapses. Even though slashing is not currently enabled in Eigenlayer, it eventually will be, and it's about the right time to start thinking about it if you didn't before.</p><p>Since a restaking choice is narrowed down to choosing a single Operator (per the same capital), the choice of the Operator is critical, as in case of severe operator-related issues, there is a chance of being penalized on all AVS simultaneously—risks become correlated to some extent. The infrastructure automation, monitoring, and support of AVSs will likely be handled by dedicated DevOps engineers, who may share a common architecture and resources.</p><p>For example, the whole cluster of different AVS nodes may go down because they were hosted on the same cloud provider, which went offline in disaster cases.</p><p><strong>Besides slashing risks, one could also think of Eigenlayer smart contract risks and operational risks.</strong></p><p>All these risks can be loosely classified by fundamental sources:</p><ul><li>Eigenlayer Smart contract risk</li><li>Strategy risk<ul><li>Operator (validator) risk</li><li>Protocol (AVS) risk</li><li>Operational (delegators operations) risk</li></ul></li></ul><p>Let’s look into these categories in the next section.</p><h1 id="map-of-risks"><br>Map of risks</h1><p></p><h2 id="eigenlayer-smart-contract-risks">EigenLayer Smart Contract risks</h2><p>EigenLayer consists of a complex set of smart contracts. Here are the most important ones:</p><ul><li><strong>EigenPod</strong> - verifies ETH Beacon deposits via Beacon chain oracle</li><li><strong>EigenPodManager</strong> - deploys pods, keeps track of pod shares (podOwnerShares)</li><li><strong>DelegationManager</strong> - registers operators</li><li><strong>StrategyManager</strong> - the primary entry- and exit point for funds into and out of EigenLayer</li><li><strong>Slasher</strong> - is attached to StrategyManager but does nothing at the moment</li></ul><p>Although we won't delve into their details in this chapter (how they function is well described in this <a href="https://www.blog.eigenlayer.xyz/ycie/?ref=p2p.org" rel="noreferrer">article</a>), it still merits mentioning mechanics related to slashing and draining risks.</p><p>EigenLayer restakes <strong>shares</strong>, not the underlying assets (ETH, LSTs) directly. Shares only exist in EigenLayer contracts for accounting and are subject to slashing. They are not tokens and are not transferrable. That highlights the possible foundation for developing slashing cancelation mechanisms. In the previous version of Eigenlayer, the slashing of real assets could happen via asset locks during the withdrawal process.</p><p>The most significant risk in EigenLayer in the existing version (and potentially in the following versions) is the <a href="https://docs.eigenlayer.xyz/eigenlayer/security/multisig-governance?ref=p2p.org" rel="noreferrer">upgrade governance</a>. Nine out of 13 community EOAs (P2P.org is one of the signers) can ruin the system if they coordinate or get hacked. Any malware code can be pushed to the mainnet smart contracts and drain the funds through them.</p><p>We will continue tracking the development and determine if additional jeopardizing features appear with new version releases.</p><h2 id="operators-risks">Operators risks</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-9.png" class="kg-image" alt loading="lazy" width="2000" height="885" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-9.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-9.png 1600w, https://p2p.org/economy/content/images/2024/05/image-9.png 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="hardware">Hardware</h3><p>Under hardware, we understand the physical properties of infrastructure—location, CPU, bandwidth, power stability, etc. Operators can use various cloud providers and configure nodes that don't fully meet the requirements or face capacity problems over time. It won’t be clear until the protocol issues a penalty, and then it might be too late for a delegator as they lose funds.</p><p>Hardware issues usually lead to higher downtime risks (meaning losing rewards), but sometimes also to slashing.</p><blockquote>As an abstract example, bad connectivity may lead to delays in the perceived state of the network; therefore, a node will attest to wrong data that does not fit the consensus.</blockquote><h3 id="software">Software</h3><p>Software may include nodes’ clients, various plugins, and automatization and management solutions deployed by an Operator. Software problems can come from AVS developers and an Operator; sometimes, the node client might come from external developers, and an Operator may choose to use it. Bad, unaudited code and the absence of timely client updates may cause unexpected operational behavior and lead to downtime and slashing.</p><h3 id="hardware-software-setup">Hardware + Software = Setup</h3><p>Technical issues related to hardware and software are not perfectly independent. Problems with one may reveal issues with another.</p><blockquote>Consider an Operator who runs two nodes. The second one is a backup node in case the first one goes down. It is managed automatically. Imagine if the system wrongly decides that there’s a need to turn on the secondary node while the main one operates, maybe because of losing the connection to the primary node or for other reasons. This will then lead to double signing and, hence, slashing.</blockquote><p>In this example, a minor hardware (connectivity) problem highlighted suboptimal software configuration, which resulted in a catastrophe. Thus, it is also reasonable to evaluate hardware and software as a whole system from the design perspective.</p><h3 id="security-breaches">Security breaches</h3><p>Poor security procedures, such as weak passwords, access management, and key management, put node operations at risk. This won’t necessarily lead to the total loss of the delegation funds unless the delegation is made in a custodial way. Still, it may expose a protocol to dishonesty/griefing attack vectors, resulting in slashing.</p><h3 id="bad-actors-dishonesty">Bad actors & dishonesty</h3><p>Generally, dishonesty is driven by two major factors: profit extraction and griefing. Dishonesty is intentional. For this to happen, there should be a condition satisfied: </p><blockquote><em>Value from the attack > Cost of the attack</em></blockquote><p>The cost of the attack can be decomposed into a) financial cost and b) reputation cost.</p><p>Reputation cost is hard to denote in exact numbers but easy to grasp. If an Operator is caught doing dishonest actions, eventually, they will lose credibility and, consequently, delegations and future earnings. AVS operations do not limit the reputation damage and will spread across all Operator businesses. One can roughly say that reputation cost is the net present value of all future profits that an Operator can earn. The higher the TVL (as a proxy of profit), the higher the chance that the Operator will be honest. It merits mentioning that it is not essential that Operators are the only participants in the attack. They can be just members of the attack group and, in the end, bribed (or even hacked) by another party.</p><p>Financial costs will vary across AVSs depending on the protocol design. An abstract example would be network congestion or spamming to disable other Operators to take over a protocol for a short period. This may include fees, infrastructure, bribes to other Operators, etc. To determine the cost, one should inspect all possible attack vectors on AVSs, which is sometimes difficult.</p><p>The value from the attack will also depend on the AVS type and ecosystem around it — value locked, trading activity, etc.</p><h2 id="protocol-risks">Protocol risks</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-10.png" class="kg-image" alt loading="lazy" width="2000" height="885" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-10.png 1600w, https://p2p.org/economy/content/images/2024/05/image-10.png 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="protocol-logic">Protocol logic</h3><p>Protocol logic resembles the set of rules, policies, and processes that govern the operations and, in particular, ensure that Operators are properly incentivized to perform duties well. Rules include consensus, slashing conditions, reward schemes, etc. Improper protocol logic design may cause unintended violations of slashing conditions.</p><blockquote>Imagine an oracle that delivers an aggregated exchange rate for some asset pair. Let it be a median price. Oracles gather data from external providers like Coingecko or CMC, each has their own version of truth. <br><br>Let this oracle protocol pursue accuracy of the data, it should be gathered timely. So if some Operator posts the price that diverges from the resulting median too much, then they get slashed. For example, this might happen when an operator is lagging and delivers an “old price”, which is inaccurate, or the Operator might want to influence the result value to attack DeFi protocols. These are Operator side issues that should be disincentivized. <br><br>But what if there’s a problem with the external source? The Operator performs their duties well but gets slashed anyway because their truth source differs from others. This is exactly the case of bad protocol rules’ design. No bad intention, no bad performance, still slashed.</blockquote><p>The example above may generally be applied to occasions when slashing cannot be organized purely based on on-chain data. However, such slashing conditions can be potentially mediated through $EIGEN token staking. Learn more in <a href="https://p2p.org/economy/how-eigen-works/">our blog post</a>. </p><h3 id="software-vulnerabilities">Software vulnerabilities</h3><p>There is a chance of AVS having code flaws, which may then expose it to security vulnerabilities and operations breaks. The consequences can vary depending on the attack goal, making operators attest to malicious state transition (i.e., enabling double spending), Oracle price misreporting, etc.</p><h3 id="infrastructure-landscape">Infrastructure Landscape</h3><p>Even if everything is good with Operators and AVS, the infrastructure landscape itself can still present slashing risks. For instance, imagine something like the supermajority of Geth clients in Ethereum*. This particular case is a protocol-level risk, but it comes from the existing infrastructure landscape and sometimes can be managed by an Operator.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">❗</div><div class="kg-callout-text">*For a bigger picture, learn more about Ethereum supermajority risk here: <a href="https://supermajority.info/?ref=p2p.org">https://supermajority.info</a></div></div><h3 id="centralization-led-risks"><br>Centralization-led Risks</h3><p>Depending on the protocol design, sometimes large stake centralization poses risks for the whole network. If operators possessing large amounts of stake go offline or experience bugs, they can affect the whole network and cause mass slashing events. The probability of such a risk is higher when some Operator has a critical amount of delegations requiring just this Operator to fail to initiate the issue.</p><h3 id="staking-derivatives-contagion">Staking Derivatives Contagion</h3><p>LRTs appeared to be an important market player and have attracted large amounts of ETH since the launch of Eigenlayer. Some AVSs softly deal with them to ensure the initial amounts of security delivered. At the same time, the limit on LST restaking has been removed recently; therefore, an additional inflow of LST restaking can be expected.</p><p>Therefore, there can be situations when liquid restaking and staking protocols provide most of the AVS stake.</p><p>In normal market conditions, it doesn't pose any significant risk, but in the case of LRT and LST depegging, the security of AVS might evaporate, exposing it to attacks and instability.</p><h2 id="operational-risks">Operational Risks</h2><h3 id="reward-management-risks">Reward Management risks</h3><p>Security provisions are supposed to be rewarded, and restaking is no exception. There will be a large variety of AVSs; some may pay in the native tokens, some may pay out in tokens of integrated protocols (i.e., roll-ups), and tokens can even be issued in the non-Ethereum ecosystem (i.e., in Ethos). Once a restaker is rewarded, they must decide what to do with rewards - sell or stake again, if AVS accepts this token for staking, or swap to ETH and (re)stake ETH (or LST). Additional actions can be taken to accomplish that, such as reward withdrawal, bridging, swapping, etc. Apparently, restaking on multiple (imagine 10+ or even 20+) AVS will result in a resource-consuming reward management process.</p><p><strong>From a practical perspective, restakers can encounter the following:</strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-11.png" class="kg-image" alt loading="lazy" width="1430" height="972" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-11.png 1000w, https://p2p.org/economy/content/images/2024/05/image-11.png 1430w" sizes="(min-width: 720px) 720px"></figure><p><br>In the most basic cases, rewards are paid in ETH and occur at predefined Ethereum addresses. There is no need to make any withdrawals or trade tokens. It's almost the same as Ethereum staking itself.</p><p>In a complicated dual staking case, rewards are paid in the AVS token on the external blockchain. AVS has a dual staking model, and rewards should be claimed. Then, they might be compounded or sold, bridged, and dispersed across different trading venues.</p><p>There can be so many actions and various data to track that <strong>the number of points of failure and reporting nuances is pretty high</strong>. Compared to mere ETH staking, restaking requires additional time and resources in rewards management; otherwise, stakers may <strong>miss rewards, not meet tax liabilities, and fail to realize the yield.</strong></p><p>Regarding reward management procedures, restakers should consider market conditions for reward tokens. In particular, it is important to track the available liquidity on trading venues and choose an optimal execution strategy to preserve yield.</p><h3 id="additional-unbonding-period">Additional unbonding period</h3><p>Eigenlayer restaking increases the duration of ETH withdrawals as there’s the time of undbonding from AVSs. Therefore, additional opportunity costs can arise due to the inability to move ETH.</p><blockquote>Currently, Eigenlayer unbonding period equals 7 days, but the period can change in the future.</blockquote><h3 id="legal-risks">Legal risks</h3><p>A delegator should check whether the AVS and owning the AVS token or even restaking itself doesn’t violate legislation of the country of their residence.</p><p></p><h1 id="risk-mitigation">Risk mitigation</h1><h3 id="protocol-risks-the-devil-is-not-so-terrible-as-he-is-painted"><br>Protocol risks: The devil is not so terrible as he is painted.</h3><p>Mass slashing events caused by improper protocol functioning theoretically do not harm a restaker. Eigenlayer has a special committee that is expected to revert the consequences. Also, the protocols are examined and audited for such possibilities during the onboarding procedures. Therefore, without regulatory complications, a protocol risk is expected to be minimized to reward handling.</p><p>Nevertheless, it’s better to be aware of all kinds of scenarios, even if they can be managed post-factum. The odds are small, but can something go wrong? Keep that in mind while constructing a portfolio and checking for risks we outlined previously.</p><h3 id="choose-a-credible-operator">Choose a credible Operator</h3><p>To minimize Operator risk (which seems to be the largest source of risks so far), delegating to Operators with a solid track record and large TVL, public recognition, or personal assurance is important. Before choosing between different Operators, <strong>it is worth building a checklist</strong> highlighting TVL in other networks, acknowledgment from Eigenlayer and AVSs’ foundations, availability of SOC certificates, and previous cases of dishonest & unprofessional behavior that led to the loss of funds.</p><h3 id="plan-in-advance-how-the-reward-monitoring-and-reporting-will-work">Plan in advance how the reward monitoring and reporting will work</h3><p>As we saw above, the variety of yield extraction paths is huge, so a delegator should carefully examine it and construct business/monitoring/reporting processes themselves or outsource it to a specialized third party. Doing it properly will help maximize yield and avoid unnecessary tax and legal pressure. Data services become crucial in this regard.</p><h3 id="role-of-data-services">Role of data services</h3><p>Besides helping operational functions, data services can be applied to operator and protocol risk evaluation. The qualitative approach determines the surface of possible slashing risks but cannot tell the probabilities of outcomes.</p><p>Practically, almost always, there will be no available data or method to predict slashing risks with verifiable accuracy. Most slashing events have an extremely low probability, making it almost impossible to figure out the exact exposure. Historically, there have been few slashing events in matured networks, all having diverse origins.</p><p>Nevertheless, we still want to have something that might indicate the issue.</p><p>Generally, we expect gathering data about AVS operators’ performance to be possible. It can still be used to rank Operators and spot signs of infrastructure disturbances, which then can be used as a proxy for downtimes & slashing risks. For example, if an Operator frequently (and recently) experiences spikes in attestation miss rates in some abstract protocol, they may face harsher problems in the future unless the problem is fixed. These algorithms and models based on performance data are yet to be developed, and their sensitivity must be fine-tuned.</p><p><strong>About Lambda</strong><br>Historically, <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> extensively uses data services for internal needs (i.e., business analysis & planning) and external reporting (clients & research). Now, we aim to build a new data product to cover new data domains introduced by restaking.</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">We are working on the Lambda data platform with partners <a href="https://twitter.com/DroseraNetwork?ref_src=twsrc%5Etfw&ref=p2p.org">@DroseraNetwork</a> and <a href="https://twitter.com/OpenLayerHQ?ref_src=twsrc%5Etfw&ref=p2p.org">@OpenLayerHQ</a> to bring consensus layer data on-chain.<br><br>This innovation enhances Ethereum's EVM, providing accurate data for <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw&ref=p2p.org">@eigenlayer</a> ecosystems and making it more developer-friendly.<br><br>Details in the 💬 <a href="https://t.co/BIz4bgRa73?ref=p2p.org">pic.twitter.com/BIz4bgRa73</a></p>— P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1794032940512665879?ref_src=twsrc%5Etfw&ref=p2p.org">May 24, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p></p><p>Lambda is a data product from P2P<a href="http://p2p.org/?ref=p2p.org">.org</a> that originally stems from the staking data API for P2P clients. Lambda will offer pre-built real-time API endpoints for EigenLayer ecosystem builders, including:<br><br>- Operator performance metrics to monitor duties and slashing events for Beacon Chain, AVS, and Cosmos chains.<br>- Rewards and APRs to monitor profits from direct staking for each pair delegator-operator. It also includes rewards per re-staked ETH to measure the profit of re-staking.<br>- DeFi (DEX, Lend-borrow) reserves to manage liquidity for LRT.<br><br>The platform will also provide a customization engine for real-time APIs, allowing builders to integrate new endpoints without additional latency or loss in data quality. The Lambda team works with several AVS projects to explore integration methods. <br><br>Stay tuned for updates!</p><h3 id="conclusion">Conclusion</h3><p>In this blog post, we discussed risks that restakers might face when they choose the strategy and shared high-level recommendations around risk mitigation. There are still many open questions: slashing conditions and amounts are not stated for most of the AVSs, and Eigenlayer slashing logic has not been released yet. The restaking market is young, and protocols are not battle-tested. No slashing phase will give some time to work through unknowns.</p><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> aims to actively contribute to risk evaluation discussion and continue working on risk assessment methodologies from qualitative and quantitative perspectives. As an operator in Ethereum and AVSs, we aim to navigate our clients and partners in the Eigenlayer ecosystem.</p><div class="kg-card kg-button-card kg-align-center"><a href="https://eth.p2p.org/auth?ref=p2p.org" class="kg-btn kg-btn-accent">Stake and restake your ETH with us!</a></div><h1 id="about-p2p-validator"><br><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks.</p><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact our team directly on X or LinkedIn. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<h3 id></h3><p>As one of the leading staking providers in the market, we frequently receive feedback from our clients about the need for a more comprehensive staking portfolio dashboard. They expressed the necessity for a tool that effectively tracks and monitors their staking metrics. That’s why we are excited to announce the launch of the Ethereum Staking Dashboard, a tool crafted to enhance how you track and analyse your Ethereum staking.</p><p>This innovative dashboard is designed to provide users with a detailed view of crucial staking metrics for the entire portfolio, demonstrating P2P’s commitment to advancing blockchain technology through strategic innovation.</p><p>Our team has worked hard to create a product that not only offers an exceptional user experience but also provides a broad set of features tailored for Ethereum stakers. <br><br></p><p><strong>Uncover the benefits that make our dashboard exceptional:</strong></p><ol><li>Support of Any Delegator Address:<ul><li>Ability to track data for the entire Ethereum community.</li></ul></li><li>Support of Multiple Addresses:<ul><li>Ability to create your personal account and track several deposit addresses</li></ul></li><li>Detailed Rewards Data:<ul><li>Fetch detailed rewards data for the tax office or any other purposes.</li></ul></li><li>Ability to View Public Staking Data:<ul><li>View and share public staking data for any address.</li></ul></li><li>Track All Figures in Tokens and USD:<ul><li>Monitor your staking figures in both tokens and USD for better financial oversight.</li></ul></li><li>Daily Rewards Statistics by Different Reward Types:<ul><li>Access detailed daily rewards statistics, categorised by reward types.</li></ul></li><li>Comprehensive Performance Metrics:<ul><li>Compare your portfolio's performance against the network with key metrics such as extracted rewards, participation rate, attestation correctness, missed blocks, % of MEV blocks, and others.</li></ul></li><li>Detailed MEV Rewards Statistics:<ul><li>Gain insights into detailed MEV rewards data.</li></ul></li><li>Detailed Lifetime Data for Any Validator:<ul><li>Track the performance history and detailed lifetime data for any validator.</li></ul></li></ol><p><strong>Ethereum Staking Dashboard: Open Insights for All</strong></p><p>Ethereum Staking Portfolio Dashboard is open to all, providing comprehensive staking insights in a user-friendly manner. </p><p><strong>Try it yourself: </strong><a href="https://app.p2p.org/dashboard?ref=p2p.org"><u>https://app.p2p.org/dashboard</u></a></p><p></p><p><strong>The Future of Staking Analytics: Expanding Horizons</strong></p><p>We're committed to expanding our platform to include data from a diverse range of cutting-edge blockchain networks, ensuring that our users have access to the most comprehensive and up-to-date staking insights. In the coming months, keep an eye out for the integration of data from EigenLayer, Solana, Polkadot, and Cosmos Hub.</p><p></p><p><strong>Unleash the Potential of Staking Data with Staking Data API</strong><br><br></p><p>Ready to take your staking applications and research to the next level? With our Staking Data API, you can fetch all of the staking data from a wide range of leading networks, including Ethereum, Polkadot, Solana, Cosmos Hub, Polygon, Sui, Kusama, Vara, and Moonbeam. </p><p>Visit our <a href="https://p2p.org/products/staking-data-api?ref=p2p.org"><u>Staking Data API</u></a> to explore the endless possibilities and unlock the full potential of staking data.</p>
from p2p validator
<h2 id="introducing-babylon">Introducing Babylon</h2><p></p><h3 id="1-the-problem">1. The Problem</h3><p>Bitcoin is the most prominent and valuable cryptocurrency in the world. However, it lacks mechanisms for holders to earn passive income, similar to PoS networks such as Ethereum, leading to millions of idle Bitcoins. The evolving blockchain landscape, especially Proof-of-Stake chains, demands consistent security and liquidity contributions, a role Bitcoin has yet to play significantly.</p><p>Current yield-generating solutions for Bitcoin involve moving assets to centralized platforms, which must be wrapped or stored in custodial wallets. This introduces risks such as hacks and regulatory issues, undermining the blockchain's decentralization and security principles.</p><p>Babylon addresses these issues by offering a decentralized alternative that not only opens up new opportunities for Bitcoin holders to generate yields but also enhances the security and functionality of the broader blockchain infrastructure.</p><h3 id="2-babylons-solution"><br>2. Babylon's Solution</h3><p>Babylon is a PoS protocol designed to enable Bitcoin holders to stake their BTC in a secure and non-custodial manner, allowing them to earn rewards in tokens of chains they support.</p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/sVlmVDQFTBG3pHPkTQz0KzC-2lAP3woc2_MCJcFTUaXbYkd4NA1lwfmsmtP7_HfjUtHWytuiFJ_o7HsayVUEUWylqoVyzMX4oh1GTI3O3KpnJf-LjY50D2icGP-Sk_BkHn0nYHLnZNKbbKrJvLFDQ1M" class="kg-image" alt loading="lazy" width="1600" height="900"></figure><p></p><p><strong>The protocol includes two protocols:</strong></p><ul><li><strong>Bitcoin timestamping: </strong>This protocol sends succinct and verifiable timestamps of any data (such as PoS blockchains) to Bitcoin</li><li><strong>Bitcoin staking: </strong>This protocol allows Bitcoin, the asset, to provide economic security to any decentralized systems through trustless (and self-custodian) staking.</li></ul><p>At its core, Babylon allows Bitcoin users to directly stake their BTC, supporting Proof-of-Stake chains while simultaneously earning yields in tokens of chains they support. This capability transforms idle Bitcoin into active, yield-generating assets without requiring holders to relinquish control or security.</p><p><strong>The key features of Babylon include:</strong></p><ol><li><strong>Yield Generation:</strong> Users can earn rewards by staking their BTC directly on the platform.</li><li><strong>Fast Unbonding: </strong>A quick unbonding process allows users to withdraw their staked Bitcoin promptly.</li><li><strong>Non-Custodial Staking: </strong>Users maintain complete control over their BTC without transferring them to a third party.</li><li><strong>EOTS Signature for Security:</strong> This ensures security by ensuring the staked Bitcoin is locked and accounted for.</li><li><strong>Cross-Chain Interoperability: </strong>Facilitates interactions between different blockchain networks, enhancing the utility and reach of staked assets.</li><li><strong>Slashing Mechanism:</strong> Implements measures to penalize bad actors, thus safeguarding the network's integrity and user assets.</li></ol><p>Babylon presents an innovative and secure solution to the problems faced by Bitcoin holders and the broader blockchain ecosystem. </p><h3 id="3-how-does-it-generally-work">3. How does it generally work</h3><p>A user with BTC can secure the Babylon chain or other Cosmos PoS chains while receiving yields in their tokens. To do this, the user must lock their BTC coins on Bitcoin. Because Bitcoin doesn't support smart contracts, the user should initiate the staking process using a <a href="https://academy.binance.com/en/glossary/unspent-transaction-output-utxo?ref=p2p.org"><u>UTXO transaction</u></a> that creates a time lock for the BTC coins. This UTXO transaction has three main outputs: the time lock can expire, allowing withdrawal; the user can unbond their transaction before expiration; the transaction can be slashed if a validator acts maliciously.</p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/TlrRoo92Dv84SpZHXzPnf9Fld9RkMzwLc0MVuWAzbK1S5BfGbTDuaUNClgNPnCZcBGLuoDp57M9SR37k4b5hluaJY_52VYLSx0_d8sNUS1RivRQ65CI1o3t5gSg0GZqh4887RHI9GXK1O7YdkFNgwlg" class="kg-image" alt loading="lazy" width="1600" height="900"></figure><p>After signing the transaction, the user delegates their BTC tokens to a finality provider, who can validate the transaction. This allows the user to receive yield if the provider secures blocks correctly. However, if the finality provider acts maliciously, it can be slashed.</p><p>The cornerstone of the entire model is the pre-signed slashing transaction and EOTS keys. When staking, the user pre-signs a slashing transaction that can be broadcast to the network if the finality provider acts maliciously. If the provider double-signs a block, its EOTS keys are revealed, and the covenant committee can sign the pre-approved transaction using the finality provider’s private key.</p><ol><li><strong>Detection of malicious activity</strong>: Finality providers detect malicious activity, such as another finality provider signing a block twice.</li><li><strong>Exposure of private key:</strong> If malicious activity is detected, the malicious finality provider’s private key is leaked.</li><li><strong>Notification and slashing:</strong> The finality providers notify the covenant committee, which signs the pre-signed slashing transaction using the exposed private key and broadcasts it to the network.</li><li><strong>Slashing transaction:</strong> A predetermined amount of Bitcoins is sent to a burn address as a penalty for the malicious activity.</li></ol><p>The process results in securing PoS chains and receiving yields for BTC tokens, which depend on the chains the user secures. Initially, the Babylon chain will start on the mainnet by ensuring only the Babylon chain itself. Still, stakers can secure other Cosmos chains and receive yields in their tokens.</p><h3 id="4-investors-and-market-confidence">4. Investors and Market Confidence</h3><p>Babylon has successfully secured substantial funding across several rounds, showcasing strong market trust and investor interest in its innovative approach to Bitcoin staking.</p><p><strong>Seed Round: </strong>Babylon initiated its funding journey by raising $8.8 million in a seed round led by IDG and Breyer Capital, emphasizing early support from established investors in transformative technologies.</p><p><strong>Series A Funding: </strong>The momentum continued with a Series A round that raised $16 million. This round was co-led by Polychain Capital and Hack VC and saw additional participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital, and IOSG Ventures. The diverse investor base in this round highlights a robust endorsement of Babylon’s technology and strategic direction.</p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/iOnLuQ4shVuFqN2B21LVeJzjF_xoeqOL8i5TivZan-49K6WHj6VtPMleRAZe0IRWU-j-KxO0wvO7sRt0vH0kvNTZtwqKUYTtLcGbYESkTieJT3rXMjDY_JujXlt_4a0S8RU3bcv5k3EH0d1CPhT5wkg" class="kg-image" alt loading="lazy" width="1600" height="900"></figure><p><strong>Last Round: </strong>Binance Labs made the most recent investment, reflecting significant strategic backing. This partnership provides financial resources and enhances Babylon’s capabilities in technology development and global market positioning.</p><p>These investment milestones fund Babylon's growth and affirm its potential as a significant player in the evolving landscape of blockchain technology and cryptocurrency.</p><h3 id="5-how-to-participate">5. How to Participate</h3><p>If you're interested in participating in the launch of Babylon, we recommend two main directions for involvement:</p><ol><li><strong>Testnet Participation:</strong> Engage with the Babylon testnet by staking your SignetBTC directly on Babylon’s <a href="https://btcstaking.babylonchain.io/?ref=p2p.org"><u>official website</u></a>. This allows you to familiarize yourself with the platform’s features and functionalities without risking real assets.</li><li><strong>Support for Large Bitcoin Holders: </strong>If you hold a significant amount of Bitcoin, don't hesitate to contact our team. We can provide tailored validator solutions that will be optimal for you when the mainnet launches.<br></li></ol><p>The Babylon is currently in the testnet phase, with the mainnet launch anticipated by the end of the first half of the year. The new testnet (bbn-test-4) will focus on the security of staked Bitcoins by testing user interactions with the BTC Signet test network. The Babylon team plans to launch this new testnet towards the end of May 2024. The team is closely monitoring updates and feedback from the community to ensure the robustness and security of the network before the mainnet launch. </p><p></p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks.</p><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact our team directly on X or LinkedIn. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br><br><br><br></p>
from p2p validator
<p>We have exciting news that will boost your staking returns!</p><p>From <strong>June 1st to June 30th</strong>, we’re launching a special promotion to reduce fees to an incredible <strong>0.5%</strong> for a select group of our validators in the Polkadot network. With our dynamic fee structure, you can enjoy better returns and a more rewarding staking experience.</p><p><strong>What’s New:</strong></p><ul><li><strong>Dynamic Fee Structure:</strong> We’re temporarily lowering the fees to <strong>0.5%</strong> for a subset of our validators. This subset changes approximately monthly, so you can always access <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> validators with reduced costs.</li><li><strong>Better Returns:</strong> With lower fees during this promo period, you can earn more from your staking.</li><li><strong>Monthly Rotating Low-Fee Validators:</strong> A new set of <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> validators will be chosen monthly. This ensures you can always stake with low-fee validators, regardless of when you start staking.</li><li><strong>Fair and Transparent:</strong> We’re all about transparency. The rotation of low-fee validators will be clear and balanced, and each <a href="http://p2p.org/?ref=p2p.org">r</a>otation will be announced on <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> communities on Telegram and Twitter. Stay tuned!</li></ul><p><strong>How It Works:</strong></p><ul><li>From <strong>June 1st to June 30th</strong>, take advantage of the <strong>0.5%</strong> fee with these validators:</li></ul><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">13uW7auWPX9WAtqwkBx7yagb78PLcv8FAcPZEVCovbXoNJK4 12ud6X3HTfWmV6rYZxiFo6f6QEDc1FF74k91vF76AmCDMT4j 145Vw57NN3Y4tqFNidLTmkhaMLD4HPoRtU91vioXrKcTcirS</div></div><ul><li>At the start of each month, we’ll announce the new validators with reduced fees for the next period. The current validators’ fees will then return to our standard rate (4.5% as of May 2024).</li></ul><p>Remember, this reduced fee is a special promotion and not permanent. Make sure to take advantage of it while it lasts!</p><p>We’re thrilled about these changes and believe they’ll make a significant difference for you. Thank you for being part of the <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> community and for your continued support.</p><p>If you have any questions or want to discuss this further, our support team is here to help.</p><p>Happy Staking!</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>On April 29, EigenLayer introduced the $EIGEN, which has a unique token design and utility. We dived deeper to explain intersubjective faults, how tokens may be forkable, and the nature of $bEIGEN.</p><h1 id="what-is-eigen">What is $EIGEN?</h1><p>Before discussing $EIGEN and its design, it's essential to understand some concepts introduced by EigenLayer.</p><p>The main idea behind any decentralized network or service is trustlessness. This means you don't need a central supervisor. Instead, the network's nodes work together to verify each other's work. If a node breaks the network rules, it gets punished through a process called slashing. For example, if an Ethereum validator creates two different blocks simultaneously, it's considered an attempt to split the network into two forks, and the validator is punished by slashing.</p><p>Decentralized services rely on the ability to verify if nodes violate network rules and punish bad behavior. However, not all types of bad behavior are easy to verify and punish. EigenLayer divides bad behavior (faults) into two types:</p><ol><li><strong>Objective Faults</strong>: These are behaviors that can be verified within a blockchain using mathematical or cryptographic methods.</li><li><strong>Intersubjective Faults</strong>: These are behaviors that cannot be objectively identified on-chain, but any reasonable observer would agree that a fault occurred and deserves a penalty.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/iG7oqosSleJ4W2xN_FNg4d-B6vFNCbTL1HtpmImB2uqhCCDamkgrXcLaRJdewETTpfBrL9zYCuOzOMgKHukhO7GZ6H5w85LMZ7VGyxdu2Vic3exRkJhpFrAViInyLXiTRT0eA1QsPPOb7nadNw0uZwc" class="kg-image" alt loading="lazy" width="1600" height="840"></figure><p>ETH restaking provides a way to penalize objective faults, extending Ethereum's security to other protocols. The new $EIGEN token introduces a mechanism specifically designed to address intersubjective faults.</p><p>$EIGEN works like staking, where slashing is imposed through mechanisms similar to formalized social disputes because these slashing conditions cannot be tracked on-chain. Another analogy is governance: voting for or against proposals to charge malicious actors. You can read more about objective and intersubjective faults in the white paper.</p><p>The purposes of $EIGEN are:</p><ol><li>To cover off-chain slashing conditions. Examples include transaction ordering, databases, prediction markets, storage services, oracles, artificial intelligence, and more.</li><li>To enable protocols to implement some form of slashing without designing on-chain slashing. This can be used in new launches before ETH restaking is enabled.</li></ol><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">What are some usecases of AVSs with intersubjective slashing <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw&ref=p2p.org">@eigenlayer</a><br>---------------<br>1) EigenDA - to slash for data withholding (not onchain verifiable)<br><br>2) Ordering service - to slash for censorship (not onchain verifiable)<br><br>3) Validity on arbitrary VM - to slash for… <a href="https://t.co/uvhGHdDWwJ?ref=p2p.org">https://t.co/uvhGHdDWwJ</a></p>— Sreeram Kannan (@sreeramkannan) <a href="https://twitter.com/sreeramkannan/status/1788093177288601851?ref_src=twsrc%5Etfw&ref=p2p.org">May 8, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><h1 id="token-fork%E2%80%A6-how-will-it-work">Token fork… how will it work?</h1><p>$EIGEN is represented in two forms: bEIGEN and EIGEN, both of which are ERC-20 tokens that can be interchanged.</p><ul><li><strong>bEIGEN</strong>: This is a bonded (staked) token used for staking. It can be withdrawn by converting it back into EIGEN. bEIGEN is subject to forking, which is a slashing mechanism.</li><li><strong>EIGEN</strong>: This is a transferable token used for non-staking purposes, such as DeFi. It can be bonded by converting it into bEIGEN.</li></ul><p>The purpose of having two representations is to simplify the process and avoid complications related to forking. If there were only one token, every forking event would require DeFi platforms and CEXes to register a new fork and supply liquidity, which is inconvenient.</p><p>Now, let’s imagine that some AVS adopted $EIGEN to secure intersubjective slashing conditions. This AVS defines the mechanism for how the intersubjective slashing will work, i.e., conditions, dispute periods, voting design, etc. Here’s a step-by-step explanation of the forking process when an operator commits an intersubjective fault:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-4.png" class="kg-image" alt loading="lazy" width="1414" height="646" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-4.png 1000w, https://p2p.org/economy/content/images/2024/05/image-4.png 1414w" sizes="(min-width: 720px) 720px"></figure><ol><li><strong>Social Deliberation</strong>:<ul><li>A fault alert is raised by a bEIGEN staker.</li><li>Consensus participants engage in deliberation to discuss the issue.</li><li>Honest participants converge on an opinion and agree on who will raise the challenge.</li></ul></li><li><strong>Challenge</strong>:<ul><li>Raising a challenge involves launching a new version of bEIGEN (an ERC-20 contract fork), a new challenge contract, and a new fork-distributor contract.</li><li>These contracts specify how malicious operators are penalized and how challengers are rewarded.</li><li>A challenger must submit a significant number of bEIGEN tokens as a bond, which will be returned if the challenge is successful.</li><li>The new bEIGEN accounts for the operators' malicious actions, slashes them, and rewards the challengers.</li></ul></li><li><strong>Configuring the EIGEN Contract</strong>:<ul><li>If the challenge is successful, EIGEN should be tied to the new fork of bEIGEN through an upgrade transaction.</li></ul></li></ol><h1 id="eigen-allocation-details">$EIGEN allocation details</h1><p>You can read all details about token allocation and check your eligibility on the official site <a href="https://eigenfoundation.org/?ref=p2p.org">https://eigenfoundation.org/</a> Here is a summary</p><p>The total supply of EIGEN at launch is 1,673,646,668.28466 tokens.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-6.png" class="kg-image" alt loading="lazy" width="1418" height="806" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-6.png 1000w, https://p2p.org/economy/content/images/2024/05/image-6.png 1418w" sizes="(min-width: 720px) 720px"></figure><p>Notable that In the initial phase, the $EIGEN will be non-transferable and non-forkable. That means you can’t trade it and get slashing. According to the EigenLayer plans, we can expect enabling transferability by the end of Q3 after the <a href="https://blog.eigenfoundation.org/announcement/?ref=p2p.org#:~:text=Responsible%20Rollout%3A%20Non%2DTransferability" rel="noreferrer">following milestones</a>:</p><ul><li>Community Discussions and agreement about EIGEN’s novel design, parameters, and proposed implementation.</li><li>Payments and Slashing enable the improvement of key features for a sustainable marketplace.</li><li>Enhanced Decentralization with token allocation to the community of 15% of the EIGEN supply and community participation in upcoming protocol governance.</li></ul><h1 id="what-to-do-with-eigen">What to do with $EIGEN?</h1><p>EigenLayer <a href="https://blog.eigenfoundation.org/announcement/?ref=p2p.org#:~:text=Enhanced%20Decentralization" rel="noreferrer">announced the plans</a> to empower decentralization and distribute 8.95% more of the initial token supply for ecosystem participation before the token become transferable and forkable (so approx. next four months). </p><p>One of the few options to participate in the ecosystem right now is by staking $EIGEN. Since the token is currently non-transferable, staking is the only available action. By staking $EIGEN, you will help secure EigenDA and other upcoming intersubjective AVSs.</p><p>To get started with staking $EIGEN, check out our step-by-step staking guide in our detailed article.</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/eigen-staking-guide-with-p2p/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">$EIGEN Staking Guide</div><div class="kg-bookmark-description">EIGEN stakedrop claims are open. Season 1 starts with 6.05% of the initial supply ready to claim. Eigen Foundation has already announced the next stakedrop season plans and is considering distributing 8.95% of the initial token supply for ecosystem participation. This guide will explain how to participate in</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Vladislav Kurenkov</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/05/Guide-2.jpeg" alt></div></a></figure><h1 id="more-reading-about-eigen">More reading about $EIGEN</h1><ol><li><a href="https://blog.eigenfoundation.org/announcement/?ref=p2p.org" rel="noreferrer">Blog announcement</a></li><li><a href="https://github.com/Layr-Labs/whitepaper/blob/master/EIGEN_Token_Whitepaper.pdf?ref=p2p.org" rel="noreferrer">$EIGEN whitepaper</a></li><li><a href="https://docs.eigenfoundation.org/?ref=p2p.org" rel="noreferrer">Stakedrop season1 FAQ</a></li></ol>
from p2p validator
<p>EIGEN stakedrop claims are open. Season 1 starts with 6.05% of the initial supply ready to claim. Eigen Foundation has already announced the next stakedrop season plans and is considering distributing 8.95% of the initial token supply for ecosystem participation.</p><p>This guide will explain how to participate in the ecosystem and secure EigenDA and other AVS that will soon accept $EIGEN as staking collateral.</p><h1 id="how-to-choose-the-operator-for-eigen">How to choose the operator for $EIGEN</h1><p>While $EIGEN can secure ONLY EigenDA it doesn't matter how many AVS supports your operator (because your $EIGEN stake won't participate in securing other AVS except EigenDA). A few considerations to take into account: </p><ol><li>It's important that the operator plans to onboard more AVS using $EIGEN, which is coming according to EigenLayer announcements. </li><li>you can delegate all your staked assets only to one operator, including restated natively ETH, LST, and $EIGEN. Therefore, if you already opted in for some operator previously, you don't need to do that again; after depositing $EIGEN to the EigenLayer smart contracts, it will be automatically delegated to an operator you have already chosen. </li><li>since you can't choose separate operators for your restaked ETH and $EIGEN, in case you have restaked $ETH it makes sense to opt-in operator best suited both for restaked ETH and restaked $EIGEN</li></ol><h1 id="two-options-if-you-decided-to-stake-with-p2porg">Two options if you decided to stake with P2P.org</h1><p></p><ol><li><a href="https://app.eigenlayer.xyz/operator/0xb585cb192855253d33ddbdac2d20f50085ef8d41?ref=p2p.org">Renzo x P2P.org operator</a> for ONLY $EIGEN restaking. - supports all intersubjective AVSes. It's only EigenDA now, but expecting more in the near future. On top of that, this operator has an additional incentive from our partner <a href="https://app.renzoprotocol.com/portfolio?ref=p2p.org" rel="noreferrer">Renzo</a> - 100 ezPoints for every 100 $EIGEN staked.<br><br>How to restake with P2P x Renzo operator -> <a href="https://p2p.org/economy/eigen-staking-guide-with-p2p/#:~:text=by%2Dstep%20guide-,1.Renzo%20x%20P2P.org,-operator%20for%20ONLY" rel="noreferrer"><strong>step-by-step guide</strong></a><br></li><li><a href="https://app.eigenlayer.xyz/operator/0xdbed88d83176316fc46797b43adee927dc2ff2f5?ref=p2p.org">P2P.org [all AVS]</a> operator for ETH and $EIGEN restaking. It doesn't have a Renzo ezPoints incentive, but supports all AVS securing both your ETH and $EIGEN stake, thus maximizing your farming opportunities. <br><br>How to restake with this operator P2P.org[all AVS] -> <a href="https://p2p.org/economy/eigen-staking-guide-with-p2p/#:~:text=staked%20with%20Renzo.-,2.P2P.org%20%5Ball%20AVS%5D,-operator%20for%20ETH" rel="noreferrer"><strong>step-by-step guide</strong></a></li></ol><h1 id="1renzo-x-p2porg-operator-for-only-eigen-staking-guide">1.Renzo x P2P.org operator for ONLY $EIGEN staking guide</h1><p>We proudly announce that we are partnering with Renzo to provide users with better UX and increase farming opportunities. Renzo makes staking your $EIGEN and giving you ezPoints as incentive while <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> ensures validator infrastructure uptime and manages associated risks of securing EigenDA</p><p>1.Check eligibility & claim $EIGEN <a href="https://claims.eigenfoundation.org/?ref=p2p.org">https://claims.eigenfoundation.org/</a>. You have to connect the wallet and accept the Terms to do that. Note you will need to turn off the VPN to do that.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image.png" class="kg-image" alt loading="lazy" width="2000" height="1150" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image.png 1600w, https://p2p.org/economy/content/images/2024/05/image.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li>Go to Renzo dApp and connect wallet <a href="https://app.renzoprotocol.com/portfolio?ref=p2p.org">https://app.renzoprotocol.com/portfolio</a></li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-1.png" class="kg-image" alt loading="lazy" width="2000" height="1041" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-1.png 1600w, https://p2p.org/economy/content/images/2024/05/image-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="3"><li>Stake your $EIGEN. You will need to sign three txs to do that. </li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="1114" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-2.png 1600w, https://p2p.org/economy/content/images/2024/05/image-2.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="4"><li>Receive 100 ezPoints for every 100 $EIGEN staked with Renzo.</li></ol><h1 id="2p2porg-all-avs-operator-for-eth-and-eigen-staking-guide">2.P2P.org [all AVS] operator for ETH and $EIGEN staking guide</h1><p>1.Check eligibility & claim $EIGEN <a href="https://claims.eigenfoundation.org/?ref=p2p.org">https://claims.eigenfoundation.org/</a>. You have to connect the wallet and accept the Terms to do that. Note you will need to turn off VPN to do that.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image.png" class="kg-image" alt loading="lazy" width="2000" height="1150" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image.png 1600w, https://p2p.org/economy/content/images/2024/05/image.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li>After you claim tokens visit <a href="https://app.eigenlayer.xyz/restake/EIGEN?ref=p2p.org" rel="noopener noreferrer">https://app.eigenlayer.xyz/restake/EIGEN</a> and enter the amount that you'd like to deposit and push delegate button </li></ol><figure class="kg-card kg-image-card"><img src="https://docs.eigenlayer.xyz/assets/images/stake-eigen-one-0e44816b1ad8ca47935414e9c671bfb4.png" class="kg-image" alt loading="lazy" width="2562" height="1440"></figure><ol start="3"><li>Once the deposit is successful, click on the Delegate button. (If you have restaked ETH and you have already delegated it to an operator, you're done - your EIGEN is automatically delegated to that same operator)</li></ol><figure class="kg-card kg-image-card"><img src="https://docs.eigenlayer.xyz/assets/images/stake-eigen-two-2c6ec74c0ae8b9572b267ae935463ff6.png" class="kg-image" alt loading="lazy" width="2559" height="1438"></figure><ol start="4"><li>Go to P2P.org [all AVS] delegator's page <br><a href="https://app.eigenlayer.xyz/operator/0xdbed88d83176316fc46797b43adee927dc2ff2f5?ref=p2p.org">https://app.eigenlayer.xyz/operator/0xdbed88d83176316fc46797b43adee927dc2ff2f5</a></li><li>Click Delegate to initiate a delegation.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="1167" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/image-3.png 1600w, https://p2p.org/economy/content/images/2024/05/image-3.png 2000w" sizes="(min-width: 720px) 720px"></figure><h1 id="stakedrop-eigenlayer-faq">Stakedrop EigenLayer FAQ </h1><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://docs.eigenfoundation.org/?ref=p2p.org"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Overview | EigenFoundation</div><div class="kg-bookmark-description">What is a stakedrop? An airdrop designed for EIGEN staking. Learn more about staking here.</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://docs.eigenfoundation.org/img/favicon.ico" alt><span class="kg-bookmark-author">EigenFoundation Logo</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://docs.eigenfoundation.org/img/meta_banner.png" alt></div></a></figure>
from p2p validator
<hr><h3 id="a-breakthrough-in-validator-performance-monitoring-for-polkadot-and-kusama-networks">A Breakthrough in Validator Performance Monitoring for Polkadot and Kusama Networks</h3><p><a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator introduces a Validator Monitoring Service designed to enhance the performance and security of validators within the <a href="https://polkadot.network/?ref=p2p.org" rel="noreferrer">Polkadot</a> and <a href="https://kusama.network/?ref=p2p.org" rel="noreferrer">Kusama</a> networks. This project, supported by the Web 3 Foundation <a href="https://grants.web3.foundation/applications/Validator_Monitoring_Service?ref=p2p.org">grant</a>, showcases our commitment to advancing blockchain technology through strategic innovation.</p><p><strong>What to try?</strong><br><br>Discover our service on our <a href="https://maas.p2p.org/?ref=p2p.org">website</a>, which is accessible via our cloud-based Telegram bot or by cloning our repository for local deployment from our <a href="https://github.com/p2p-org/polkadot_monitoring_service?ref=p2p.org">GitHub</a>. Follow our use <a href="https://p2p.org/economy/validator-monitoring-service-user-guide/">guide</a> to feel our product features. Everything we offer is open-source.</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/validator-monitoring-service-user-guide/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Validator Monitoring Service User Guide</div><div class="kg-bookmark-description">Welcome to the Validator Monitoring Service User Guide. This comprehensive guide is designed to help you effortlessly set up and navigate through our monitoring service, ensuring you have all the tools and knowledge to monitor your validator’s performance effectively. Find our Monitoring tool by using a tg bot. Telegram bot</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Alex Tishin</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot-validator.jpg" alt></div></a></figure><h3 id="overview-of-the-validator-monitoring-service"><strong>Overview of the Validator Monitoring Service</strong></h3><p>Our service is meticulously designed to provide real-time data and comprehensive performance analysis of validators, addressing a critical gap in the existing ecosystem. The service stands out with its unique features:</p><ol><li><strong>Real-Time Performance Data:</strong> Offering insights into validators' active participation in consensus and their role in blockchain security.</li><li><strong>Comparative Analysis:</strong> Enabling users to compare performance metrics with other validators.</li><li><strong>Historical Data Access:</strong> Providing up to one month of stored data for in-depth performance analysis.</li></ol><div class="kg-card kg-button-card kg-align-center"><a href="https://maas.p2p.org/?ref=p2p.org" class="kg-btn kg-btn-accent">Try MaaS (Monitoring as a Service) now!</a></div><h3 id="innovative-features-and-customization"><strong>Innovative Features and Customization</strong></h3><p>Our monitoring tool extends beyond traditional data tracking by incorporating a flexible alerting system that can be tailored via a Telegram interface. This customization allows users to define specific alert thresholds, adapting the tool to their operational needs and enhancing responsiveness to network conditions.</p><h3 id="key-benefits-for-the-community"><strong>Key Benefits for the Community</strong></h3><p>Our service is strategically designed to serve multiple stakeholders within the blockchain ecosystem:</p><ul><li><strong>Validator Operators:</strong> This is especially beneficial for small teams and independent validators, aiding in compliance with strict program requirements and enhancing performance.</li><li><strong>Nominators:</strong> Empowers nominators with detailed comparisons, optimizing their decisions in selecting validators.</li><li><strong>Foundation: </strong>Assists in identifying and addressing security vulnerabilities and enhancing network robustness.</li></ul><h3 id="unique-advantages-over-existing-solutions"><strong>Unique Advantages Over Existing Solutions</strong></h3><p>Our service differentiates itself through:</p><ul><li><strong>Ease of Use:</strong> Easy setup with a Telegram bot.</li><li><strong>Extensive Data Collection:</strong> Providing granular data, including participation in consensus, selection as a para-validator, and session-specific metrics.</li><li><strong>Dedicated Support and Maintenance:</strong> It is backed by one of the largest validators in the network, ensuring reliability and ongoing improvements.</li></ul><h3 id="project-details-and-system-workflow"><strong>Project Details and System Workflow</strong></h3><ul><li><strong>Convenient User Interface:</strong> Powered by a Telegram bot for easy dashboard creation and management.</li><li><strong>Efficient Data Collection Process:</strong> Utilizing exporters from the Blockchain for real-time and historical data.</li><li><strong>Comprehensive Metrics:</strong> This covers a wide range of indicators, including general, validator-specific, para-validator points, and finality metrics.</li></ul><p>Available through both cloud-based and self-hosted configurations, our service offers flexibility to accommodate different user preferences and security requirements.</p><h3 id="our-team-and-experience"><strong>Our Team and Experience</strong></h3><p>Led by a team of seasoned professionals, <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator brings extensive experience in maintaining validators and developing monitoring tools within the Polkadot and Kusama networks.</p><h3 id="expanding-our-services-validator-operations-and-staking-opportunities"><strong>Expanding Our Services: Validator Operations and Staking Opportunities</strong></h3><p>We also offer comprehensive validator services for the <a href="https://p2p.org/networks/polkadot?ref=p2p.org">Polkadot</a> and <a href="https://p2p.org/networks/kusama?ref=p2p.org">Kusama</a> networks. Stake your DOT with us for a secure and reliable experience. For substantial stakes, especially over 200K DOT, <strong>we provide exclusive benefits and opportunities to maximize returns</strong> while supporting network security.</p><p></p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/networks/polkadot?ref=p2p.org" class="kg-btn kg-btn-accent">Stake your $DOT</a></div><p></p><h3 id="join-us-in-advancing-blockchain-security-and-performance"><strong>Join Us in Advancing Blockchain Security and Performance</strong></h3><p><a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator: Enhancing Network Security and Performance through Advanced Monitoring Solutions. We invite you to be part of this innovative journey to uplift the standards of validator performance monitoring in the Polkadot and Kusama networks.</p><hr><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating in the Polkadot network since the beginning.</p><hr><h1 id="about-web3-foundation"><strong>About</strong> Web3 Foundation</h1><p>Web3 Foundation funds research and development teams building the technology stack of the decentralized web. Ethereum co-founder and former CTO Gavin Wood established it in Zug, Switzerland. Polkadot is the Foundation's flagship project.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<h3 id="restaking-with-p2porg-know-your-avs"><br>Restaking with P2P.org: Know Your AVS</h3><p></p><p>The latest development in the EigenLayer protocol has culminated with the launch of the EigenLayer Stage 2 mainnet. This phase marks the introduction of Operators, who assume responsibility for performing validation tasks for Actively Validated Services (AVS) built on the EigenLayer protocol. This pivotal step is a significant protocol evolution as Operators can now register to the network and begin validating for the AVSs. Restakers can delegate their stake to operators and start implementing the primary mission of EigenLayer.</p><p>EigenLayer paves the way for a thriving ecosystem of AVSs on the mainnet. <strong>To make your life easier, we prepared a short introduction to AVSs that went live recently. </strong>We support you in your restaking journey—that's what we do. Let's explore together.</p><h2 id="brevis-co-chain"><strong>Brevis Co-Chain</strong><br></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/brevis.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/brevis.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/brevis.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/brevis.jpg 1600w, https://p2p.org/economy/content/images/2024/04/brevis.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p><br>Smart contracts require quite a lot of computational resources to operate on-chain for data-driven or complex features. To access such features, users pay huge amounts of fees to Ethereum validators to execute the code of the smart contract.</p><p>To resolve that, <strong>Brevis migrates the heavy computation off-chain and allows smart contracts to access full historical on-chain data and run customizable computations in a trust-free manner using Zero-Knowledge Proofs.</strong> This has opened endless possibilities for data-driven features: DEXes are able to build<a href="https://twitter.com/UniswapFND/status/1719760883965149501?ref=p2p.org"> <u>VIP loyalty programs</u></a> based on a user's past trading volume; active liquidity management protocols can trigger predefined user intents with ZK-verified on-chain states and events; AMMs can have strong LVR protection and more robust farming reward distribution programs; protocols can utilize<a href="https://twitter.com/TrustaLabs/status/1768114687089295770?ref=p2p.org"> <u>multi-dimensional ZK-reputation</u></a> metrics to segment users and provide a personalized UX based on an address's on-chain footprint.</p><p>Alongside the "pure-ZK" model, the new Brevis coChain AVS "optimistically" generates result proposals for coprocessing requests, which are subject to challenge by Zero-Knowledge fraud proofs. This will drastically reduce costs in cases where proposals are not challenged, while the baseline security is ensured by the overarching coChain Slashing Window, which accepts ZKPs to rectify invalid results.</p><p><strong>More details</strong>: <a href="https://blog.brevis.network/2024/01/18/introducing-brevis-cochain-the-fusion-of-crypto-economics-and-zk-proof-in-a-zk-coprocessor/ ?ref=p2p.org" rel="noreferrer">Blog</a><br><strong>Social Media: </strong><a href="https://twitter.com/brevis_zk?ref=p2p.org" rel="noreferrer">Twitter</a></p><p></p><h2 id="altlayer">AltLayer</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/alt-layer.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/alt-layer.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/alt-layer.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/alt-layer.jpg 1600w, https://p2p.org/economy/content/images/2024/04/alt-layer.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p><br><strong>AltLayer offers products for rollups based on security from restaking (called restaked rollups)</strong>. It consists of three integrated “layers”; rollups may choose to use all of them or some particular layer according to their needs.</p><p><strong>VITAL</strong>—a decentralized verification network. It is used to verify rollup states—currently, this is done poorly or even in a centralized manner. It enhances the rollup's security properties.</p><p><strong>MACH</strong>—speeds up the finality of the rollups via restaked security. It acts as a “pre-Ethereum” rollup state attestation and finalization layer, which is partially secured by Ethereum (restaked ETH). This is particularly needed for faster interoperability since assets cannot be transferred to another blockchain until the state is finalized. </p><p><strong>SQUAD</strong>—is decentralized sequencing (txs ordering or block building) for rollups. It provides censorship resistance and additional utility for rollup tokens (presumably through a dual-staking model).</p><p><strong>More details:</strong> <a href="https://blog.altlayer.io/introducing-restaked-rollups-ac6a1e89b646?ref=p2p.org" rel="noreferrer">Blog</a><br><strong>Social Media:</strong> <a href="https://twitter.com/alt_layer?ref=p2p.org" rel="noreferrer">Twitter</a></p><p></p><h2 id="eoracle">eOracle</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/2560x1440-59.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/2560x1440-59.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/2560x1440-59.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/2560x1440-59.jpg 1600w, https://p2p.org/economy/content/images/2024/04/2560x1440-59.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p>Their design will revolutionize the Oracle space by extending Ethereum's core principles: permissionless participation, decentralized ownership, and crypto-economic security. <strong>They will establish the next-generation Oracle network via a credibly neutral marketplace for data and computation across all Ethereum rollups.</strong> eOracle is disrupting one of the industry's largest markets and one currently trending toward a monopoly. Designed as a modular and programmable data layer, eoracle is backed by restaked ETH and the decentralized network of Ethereum validators. eoracle is the Actively Validated Oracle built using EigenLayer and secured by Ethereum.</p><p><strong>More details:</strong> <a href="https://blog.eoracle.io/introducing-eoracle/?ref=p2p.org" rel="noreferrer">Blog</a><br><strong>Social Media:</strong> <a href="https://twitter.com/eoracle_network?ref=p2p.org" rel="noreferrer">Twitter</a></p><h2 id="witnesschain">WitnessChain</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/witness-chain--1-.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/witness-chain--1-.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/witness-chain--1-.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/witness-chain--1-.jpg 1600w, https://p2p.org/economy/content/images/2024/04/witness-chain--1-.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p><br>WitnessChain is the EigenLayer AVS for DePIN coordination. It is the first physical state consensus protocol that unifies a siloed DePIN economy. WitnessChain unlocks a shared economy of integrated physical assets, facilitating the exchange of resources like computing, networks, and more.</p><p>The Rollup Watchtower Network, which serves as WitnessChain’s in-house DePIN, is now live. This network is a first line of defense for rollups, ensuring that operators actively validate transactions on a Rollup and that any fraud is always detected. More than 17000 bounties have already been submitted for watching Optimism on testnet.</p><p><strong>WitnessChain has a vibrant ecosystem of 20+ DePINs and rollups that will benefit from being validated for their state.</strong> This validation is provided by robust crypto-economic security and a strong ecosystem of EL Operators.</p><p><strong>More details:</strong> <a href="https://twitter.com/witnesschain/status/1773058514254201308?ref=p2p.org" rel="noreferrer">Tweet</a><br><strong>Social Media:</strong> <a href="https://twitter.com/witnesschain?ref=p2p.org" rel="noreferrer">Twitter</a></p><h2 id="lagrange"><br>Lagrange</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/lagrange.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/lagrange.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/lagrange.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/lagrange.jpg 1600w, https://p2p.org/economy/content/images/2024/04/lagrange.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><p>The Lagrange’s State Committee network is a ZK light client for optimistic rollups that settle on Ethereum, powered by Lagrange’s ZK Coprocessor.<br><br>By combining Lagrange State Committees with EigenLayer, we are creating a zone of shared security that any interoperability protocol or dApp can leverage without incurring high operational overhead. Compared to other cross-chain interoperability solutions, such as permissioned validation or bonded staking/slashing, which come with issues related to risk stacking, low latency, and price volatility, State Committees and restaking through EigenLayer offer an optimal balance of <strong>robust shared security, trust minimization</strong>,<strong> and decentralization along with cost efficiency</strong>.<br><br><strong>More details</strong>: <a href="https://medium.com/@lagrangelabs/scaling-programmable-trust-on-eigenlayer-with-lagranges-state-committees-and-big-data-coprocessor-ec56a7562652?ref=p2p.org" rel="noreferrer">Medium</a><br><strong>Social Media: </strong><a href="https://twitter.com/lagrangedev?ref=p2p.org" rel="noreferrer">Twitter</a></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">STAY TUNED FOR MORE AVS!<br><br>ENJOY ALL THE BENEFITS OF RESTAKING WITH P2P.org</div></div><h2 id="contact-us">Contact Us:</h2><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> <br>We are always open for communication.</em><br><br>We encourage you to check our website and start our staking journey together!</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/ethereum?ref=p2p.org" class="kg-btn kg-btn-accent">Stake with us!</a></div><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a><br><strong>Blog:</strong> <a href="https://p2p.org/economy/">https://p2p.org/economy</a><br><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><p></p><p><br><br></p><p></p>
from p2p validator
<p></p><p><strong>Staking-as-a-Business is here to support your core business</strong>.</p><p>Currently, 31 million ETH, over a quarter of its circulating supply, are staked. From March 22, 2023, to March 22, 2024, saw a significant surge, with the volume of staked assets and the number of new depositors increasing, according to CryptoQuant. This underscores a robust and steady uptick in new entrants actively contributing to the Ethereum network's security. Furthermore, as the <strong>combined market capitalization of all Proof of Stake blockchains approaches $600 billion, P2P.org has emerged as a key player, offering a secure and non-custodial gateway into the staking economy</strong>. Already, we've attracted over 90,000 delegators and locked in over $7+ billion (April 14) in value, making us one of the <a href="https://www.stakingrewards.com/providers/all?ref=p2p.org"><u>largest staking operators by TVL</u></a>, and the momentum shows no signs of slowing down, especially with an ETH ETF just around the corner.</p><p>We believe the future of staking sits with not only delegators but also the companies building in the Web3 & DeFi space, and this is why collaboration and partnerships are the fastest way to growth. In a recent article in Blockworks looking at the growth of CoinBase, they stated that</p><blockquote class="kg-blockquote-alt"><em>"Rewards earned for staking tokens to secure blockchains accounted for<br>11% of Coinbase's revenue in 2023"</em></blockquote><p>As a leading validator, we're in the front seat of this growth with our partners and those who have integrated into our infrastructure over the past year. This is why we're doubling down on not only our stalking solution but also the support we offer our partners in the space: We're launching SaaB.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Twitter-cover.jpg" class="kg-image" alt loading="lazy" width="1500" height="500" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Twitter-cover.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Twitter-cover.jpg 1000w, https://p2p.org/economy/content/images/2024/04/Twitter-cover.jpg 1500w" sizes="(min-width: 720px) 720px"></figure><p><br><strong>What is Staking-as-a-Business (SaaB)?</strong></p><p><strong>SaaB is more than just an integration into our infrastructure; it's a partnership.</strong> It allows you to add staking services to your existing core business and an additional team to support the growth of your new staking business. </p><p>Our experienced team, comprising business experts, innovative marketers, and legal advisors, is dedicated to collaborating with you at every stage, guaranteeing a smooth integration and launch. From the outset with technical setup, through legal support, to marketing partnerships and advice, we stand ready to draw new users and effectively promote your new staking offering.</p><p>In a nutshell, SaaB simplifies the process for both users and those who partner with us to offer staking. It eliminates the complexity of managing intricate infrastructure and opens up new avenues for revenue generation and user acquisition to help support growth for your core business.</p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/MRTkAyl70suI0IRLpywc-bGn3GQUljlM9lixnD8PNls4hdfjaDLeouAkOBrYyZj_WGtONsr2ijPYqloDAiH2xGnJWv9922pycmjjgqmIzdXYGRXW6giLeTaxQPOFno5IP6IpalwEUaSlaYUR78XxGQQ" class="kg-image" alt loading="lazy" width="1600" height="1024"></figure><p></p><p><strong>Technology is at the heart of everything we do.</strong></p><p>SaaB is specifically <strong>designed for institutions, custodians, wallets, and exchanges.</strong> You can benefit from our comprehensive data reporting, stringent SLAs, and round-the-clock support as you launch a profitable revenue stream.</p><p>As a SaaB user, your personalized dashboard is designed to bring insights and growth opportunities to your fingertips. Our dashboard, centered around the user experience, enables you to access all the essential information in one place effortlessly. Everything is streamlined for ease of use, from viewing your current APR and total rewards to examining your overall staked balance and associated fees. With just a few clicks, you can also share crucial growth data internally, enhancing your ability to effectively strategize and optimize your staking approach.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/SlidesWebsite1.png" class="kg-image" alt loading="lazy" width="2000" height="480" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/SlidesWebsite1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/SlidesWebsite1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/SlidesWebsite1.png 1600w, https://p2p.org/economy/content/images/2024/04/SlidesWebsite1.png 2124w" sizes="(min-width: 720px) 720px"></figure><p></p><p><strong>It's a partnership, not an integration.</strong></p><p>We believe the key to success is collaboration, our teams work with you to understand your goals better, how integrating staking into your core business can help you reach your goals, but also, how our experience can also help you meet your broader business goals. From day one, you have the expertise and knowledge of our sales, marketing, legal<strong>,</strong> and business teams to help answer your questions. Along with turnkey solutions to ensure your launch goes smoothly. </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/SlidesWebsite2.png" class="kg-image" alt loading="lazy" width="2000" height="480" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/SlidesWebsite2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/SlidesWebsite2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/SlidesWebsite2.png 1600w, https://p2p.org/economy/content/images/2024/04/SlidesWebsite2.png 2124w" sizes="(min-width: 720px) 720px"></figure><p>Our commitment to parity with our 50/50 revenue share model reflects our belief in the power of equal partnerships. With our simple and transparent revenue share model, there are no hidden fees or complex structures. Our partners can confidently invest their time and resources, knowing they will partake equally in the rewards.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/SlidesWebsite3.png" class="kg-image" alt loading="lazy" width="2000" height="480" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/SlidesWebsite3.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/SlidesWebsite3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/SlidesWebsite3.png 1600w, https://p2p.org/economy/content/images/2024/04/SlidesWebsite3.png 2124w" sizes="(min-width: 720px) 720px"></figure><p>We pride ourselves on our equitable revenue-sharing models and are driven by a commitment to redefine excellence in our field. Far surpassing the usual industry benchmarks, we strive to provide unparalleled security and performance. Our rigorous Service Level Agreements (SLAs) are central to our pledge, guaranteeing you receive premium service without any concessions.</p><p><strong>So why should your users get excited about Staking? </strong></p><p>Integrating Staking-as-a-Business (SaaB) into your platform offers your users a multitude of reasons to get excited. The advantages are substantial, from accessing a multichain staking platform that supports 38 Proof of Stake blockchains to benefiting from P2P.org's enterprise-grade solutions and unparalleled support. </p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">⬇️</div><div class="kg-callout-text">Here's why your users will be eager to explore staking with SaaB!</div></div><p></p><p><strong>Multichain Accessibility</strong></p><ul><li><strong>Diverse Staking Opportunities: </strong>Users can stake across various popular networks directly through Web3 wallet connections or APIs, broadening their investment horizons and resulting in more user stickiness for your platform.</li><li><strong>Comprehensive Data and Reporting: </strong>Easy access to staking data and the ability to generate detailed reports ensure users can track their investments effectively.</li></ul><p><strong>Unmatched Support and Security</strong></p><ul><li><strong>24/7 Expert Support: </strong>Round-the-clock assistance from knowledgeable professionals ready to address any queries or concerns.</li><li><strong>Exceptional Uptime and Security:</strong> With an average uptime of 99%, P2P.org's infrastructure ensures continuous reward generation while minimizing performance-related risks.</li></ul><p><strong>Legal Compliance and Innovation</strong></p><ul><li><strong>Legal and Regulatory Compliance:</strong> Assurance of operations within the legal framework, providing peace of mind to institutional clients and large stakers.</li><li><strong>Continuous Innovation:</strong> Access to the latest market innovations and special offers, keeping your users at the forefront of staking advancements.</li></ul><p><strong>Enhanced Yield Opportunities</strong></p><ul><li><strong>EigenLayer Integration:</strong> Users can leverage their Ethereum stakes to secure additional protocols with EigenLayer, opening up avenues for increased rewards.</li><li><strong>Diverse Validator Trust (DVT) Staking: </strong>Introduces fault tolerance into staking operations, offering near-zero slashing and downtime risks due to diversified infrastructure.</li><li><strong>10% more rewards with MEV Maximiser:</strong> P2P.org optimizing bid request times, ensuring you capture more lucrative opportunities as they arise. High-level infrastructure optimizations guarantee no missing blocks, keeping the network healthy. </li><li>Learn more about our Ethereum Staking opportunities <a href="https://p2p.org/networks/ethereum?ref=p2p.org"><u>here!</u></a></li></ul><p><strong>Customization and Safety</strong></p><ul><li><strong>Custom Node Location:</strong> Users can opt to place validators in regions such as the EU, APAC, LATAM, or the US, optimizing performance and compliance.</li><li><strong>Advanced Security Measures: </strong>From employing multiple node clients and threshold signers to comprehensive slashing protection, every staking aspect is designed for utmost security.</li></ul><p></p><p>Integrating SaaB transforms how your users engage with staking, offering them a secure, compliant, and rewarding platform. It's not just about staking; it's about staking smarter, safer, and with more options at their fingertips. With P2P.org's proven track record and innovative features, your users are not just participating in staking—they're at the cutting edge of it, ready to maximize their yields and secure their digital assets' future.</p><h2 id="who-is-saab-designed-for"><br><strong>Who is SaaB designed for? </strong></h2><p>Staking-as-a-Business (SaaB) caters to diverse businesses within the Web3 & DeFi ecosystem, offering tailored solutions that align with each entity's unique needs and goals.<br></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">⬇️</div><div class="kg-callout-text">Here's a closer look at who can benefit from SaaB</div></div><p></p><p><br><strong>For Custodians</strong></p><ul><li><strong>Secure Asset Management: </strong>Our SaaB platform integrates cutting-edge security protocols to safeguard your clients' assets. At the same time, they partake in blockchain networks, ensuring peace of mind for you and your clients.</li><li><strong>Diversified Investment Strategies:</strong> Tailor staking options to fit your clients' risk profiles and investment objectives, offering them a broad spectrum of customizable staking opportunities.</li><li><strong>Industry Compliance:</strong> With SaaB, provide a fully compliant and transparent staking service that aligns with the stringent regulatory requirements your institutional clients expect.</li></ul><p></p><p><strong>For Exchanges</strong></p><ul><li><strong>Differentiation and Revenue:</strong> Adding staking services creates new revenue streams and distinguishes your platform from competitors, attracting a broader user base interested in both active trading and passive earning.</li><li><strong>Enhanced Liquidity: </strong>Facilitate immediate trading of staked tokens, thus elevating the trading experience on your platform and encouraging a more vibrant market activity.</li><li><strong>Market Engagement:</strong> Foster deeper engagement and incentivize users to maintain their assets on your platform longer through participation in blockchain network activities, enhancing user retention.</li></ul><p></p><p><strong>For Wallets</strong></p><ul><li><strong>Seamless Integration: </strong>Embed our comprehensive staking solutions within your wallet interface, allowing users to easily stake their cryptocurrencies and earn rewards without ever leaving your environment.</li><li><strong>User-Centric Experience:</strong> Boost user satisfaction with an intuitive interface that demystifies the staking process, making it accessible and engaging for your audience.</li><li><strong>Maximized Returns:</strong> Unlock a lucrative stream of passive income for your wallet users by providing them with staking options that offer competitive returns, thereby enhancing the value proposition of your wallet service.</li></ul><p></p><p>SaaB is meticulously crafted to serve as a versatile platform that meets the operational needs of custodians, exchanges, and wallets and amplifies their growth potential in the evolving digital asset landscape. Through our dedicated partnership, we aim to enhance the capabilities of these entities, enabling them to deliver exceptional services to their users while exploring new horizons of revenue generation and user engagement in the staking domain.</p><p></p><p><strong>To learn more about SaaB, </strong><a href="https://t.me/P2Pstaking?ref=p2p.org" rel="noreferrer"><strong>speak to our team on our official Telegram community today!</strong></a><br><br><br><br></p>
from p2p validator
<p></p><h1 id="stage-2-mainnet">Stage 2 mainnet</h1><p>Heads up! EigenLayer Stage 2 mainnet is live. This phase introduces Operators responsible for performing validation tasks for AVSs (Actively Validated Services) built on the EigenLayer protocol.</p><p><a href="https://www.blog.eigenlayer.xyz/eigenlayer-stage-1-mainnet-launch/?ref=p2p.org">Stage 1</a> introduced restaking on mainnet Ethereum, and so far, <a href="https://defillama.com/protocol/eigenlayer?denomination=ETH&ref=p2p.org">3.8M ETH</a> has been restaked on the EigenLayer protocol, making it the second-largest protocol on the market.</p><p>Stage 2 is an exciting evolution of the protocol. Operators can register to the network and begin validating for the first AVS, EigenDA; Restakers can delegate their stake to Operators and start putting shared security to work with EigenDA.</p><p>Following the launch of EigenDA, a vibrant ecosystem of AVSs is poised to flourish on the EigenLayer mainnet. <a href="https://holesky.eigenlayer.xyz/avs?ref=p2p.org" rel="noreferrer">Nine more AVSs are currently in testnet</a> and will likely move to mainnet soon: AltLaer, Lagrange, oOracle, Aethos, Brevis Co-chain, Witness chain, Ethos, Silent Shard AVS, and Omni.</p><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is officially the confirmed operator for all the AVS above. Delegate to P2P to be among the first restakers securing new AVSes.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Restaking-Map-v2-1.png" class="kg-image" alt loading="lazy" width="2000" height="2213" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Restaking-Map-v2-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Restaking-Map-v2-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Restaking-Map-v2-1.png 1600w, https://p2p.org/economy/content/images/2024/04/Restaking-Map-v2-1.png 2123w" sizes="(min-width: 720px) 720px"></figure><h1 id="delegation-guide">Delegation guide</h1><p>If you staked LST, jump straight to step three (opt-in operator); in the case of native restaking, you will have a few more steps:</p><ol><li>Upgrade EigenPod - each EigenPod created before Apr 8 must be upgraded to enable the delegation feature.</li><li>Restake - verification of ETH Beacon deposits. EigenPod needs to receive proof that you have deposited validators.</li><li>Opt-in the operator. Choose the operator for validating AVSes. (You won't send any tokens to the operator but delegate the right to validate AVSes on your behalf).</li></ol><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">☝️</div><div class="kg-callout-text">There is no slashing or rewards in EigenLayer currently; these will appear in the next phase of the mainnet, projected to go live in Q3. Until then, AVSs won't have slashing, and delegators cannot be slashed either.</div></div><h1 id="step-1-upgrade-your-eigenpod">Step 1: Upgrade your EigenPod</h1><p>Go to <a href="https://app.eigenlayer.xyz/?ref=p2p.org"><code>https://app.eigenlayer.xyz/</code></a> and connect your wallet. If you have a Ledger, connect it to MetaMask.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--12-.png" class="kg-image" alt loading="lazy" width="2000" height="1119" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--12-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--12-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--12-.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--12-.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>Go to the Restake tab → Beacon Ether section, or follow this link <a href="https://app.eigenlayer.xyz/restake/ETH?ref=p2p.org"><code>https://app.eigenlayer.xyz/restake/ETH</code></a></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--14-.png" class="kg-image" alt loading="lazy" width="1996" height="976" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--14-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--14-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--14-.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--14-.png 1996w" sizes="(min-width: 720px) 720px"></figure><p>Each EigenPod created before Apr 8 must be upgraded to enable the delegation feature. Click <code>Upgrade EigenPod</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--15-.png" class="kg-image" alt loading="lazy" width="1291" height="794" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--15-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--15-.png 1000w, https://p2p.org/economy/content/images/2024/04/Untitled--15-.png 1291w" sizes="(min-width: 720px) 720px"></figure><p>It will show you the warning; just <strong>click continue</strong></p><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">what does it mean?</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">That’s about requirement having separate addresses for ethereum validators’ rewards: consensus rewards go EigenPod, execution rewards (MEV) should go to some another address if you don’t want to lose it. That’s because MEV builders often send MEV by simple transaction, and EigenPod doesn’t accept any incoming transactions, so it will fail. All </span><a href="http://p2p.org/?ref=p2p.org"><span style="white-space: pre-wrap;">P2P.org</span></a><span style="white-space: pre-wrap;"> ETH stakers have separate addresses for execution and consensus rewards.</span></p></div> </div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--16-.png" class="kg-image" alt loading="lazy" width="1301" height="806" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--16-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--16-.png 1000w, https://p2p.org/economy/content/images/2024/04/Untitled--16-.png 1301w" sizes="(min-width: 720px) 720px"></figure><p>Click enable restaking</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--17-.png" class="kg-image" alt loading="lazy" width="1284" height="811" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--17-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--17-.png 1000w, https://p2p.org/economy/content/images/2024/04/Untitled--17-.png 1284w" sizes="(min-width: 720px) 720px"></figure><p>Wait 4 hours for EigenPod activation</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--18-.png" class="kg-image" alt loading="lazy" width="2000" height="1269" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--18-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--18-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--18-.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--18-.png 2282w" sizes="(min-width: 720px) 720px"></figure><h1 id="step-2-restake">Step 2: Restake</h1><p>The next step is to click on "Restake." This step is necessary for verifying ETH Beacon deposits via the Beacon chain oracle. It generates Merkle proofs for each validator and then sends them to EigenPod. One transaction can process 25 proofs, so you must sign one transaction per 25 validators. New TXs will appear automatically as soon as you sign the previous one.</p><div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">🚨</div><div class="kg-callout-text">Before signing! Verify and double-check that you send a transaction to YOUR EigenPod.</div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--19-.png" class="kg-image" alt loading="lazy" width="1293" height="1074" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--19-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--19-.png 1000w, https://p2p.org/economy/content/images/2024/04/Untitled--19-.png 1293w" sizes="(min-width: 720px) 720px"></figure><p>After completing all transactions, you will see that your restaked balance has moved from the 'awaiting restake' field to 'Beacon Chain restaked.'</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--20-.png" class="kg-image" alt loading="lazy" width="1278" height="1070" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--20-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--20-.png 1000w, https://p2p.org/economy/content/images/2024/04/Untitled--20-.png 1278w" sizes="(min-width: 720px) 720px"></figure><h1 id="step-3-opt-in-p2porg-as-operator">Step 3: Opt-in <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> as operator</h1><p>Go to the operator tab, and search <a href="http://p2p.org/?ref=p2p.org">P2P.org</a>, or follow this link <a href="https://app.eigenlayer.xyz/operator/0xDbEd88D83176316fc46797B43aDeE927Dc2ff2F5?ref=p2p.org"><code>https://app.eigenlayer.xyz/operator/0xDbEd88D83176316fc46797B43aDeE927Dc2ff2F5</code></a></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--21-.png" class="kg-image" alt loading="lazy" width="1660" height="1144" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--21-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--21-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--21-.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--21-.png 1660w" sizes="(min-width: 720px) 720px"></figure><p>Verify the operator's address <code>0xDbEd88D83176316fc46797B43aDeE927Dc2ff2F5</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--22-.png" class="kg-image" alt loading="lazy" width="1988" height="1304" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--22-.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--22-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--22-.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--22-.png 1988w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">🚨</div><div class="kg-callout-text">Click the delegate button, double-check that you are interacting with the EigenLayer smart contract <a href="https://etherscan.io/address/0x39053D51B77DC0d36036Fc1fCc8Cb819df8Ef37A?ref=p2p.org"><code spellcheck="false" style="white-space: pre-wrap;">0x39053D51B77DC0d36036Fc1fCc8Cb819df8Ef37A</code></a> and the sign </div></div><p>You won't send any tokens to the operator but delegate the right to validate AVSes on your behalf.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/04/Untitled--22--1.png" class="kg-image" alt loading="lazy" width="1988" height="1304" srcset="https://p2p.org/economy/content/images/size/w600/2024/04/Untitled--22--1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/04/Untitled--22--1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/04/Untitled--22--1.png 1600w, https://p2p.org/economy/content/images/2024/04/Untitled--22--1.png 1988w" sizes="(min-width: 720px) 720px"></figure><p>Congrats, now you are securing AVSes with <a href="http://p2p.org/?ref=p2p.org">P2P.org</a>!</p><h1 id="about-p2porg">About <a href="http://p2p.org/?ref=p2p.org">P2P.org</a></h1><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a>: Launched in 2018, <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> aims to shape a decentralized future for all and provide stakeholders with non-custodial staking services.</p><p>With over $6.5+ billion in TVL and over 90,000 delegators, <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> has become a top 3 global leader by TVL. Pioneers in their industry, the dedicated team at <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> has assumed pivotal roles as early validators across multiple networks. Their unwavering commitment to building leading infrastructure has made them one of the leading Ethereum validators globally.</p><h2 id="contact-us">Contact Us:</h2><p>We invite you to join us in this exciting new chapter. For questions or information, contact our team on our official Telegram Channel. Be sure to stay tuned for updates and enhancements to our dApp.</p><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or talk to </em><a href="mailto: [email protected]" rel="noreferrer">Vladislav Kurenkov</a><em>. <br><br>We are always open for communication.<br><br>At P2P.org, we remain dedicated to our core values of Security, Transparency, Asset Rewards, Technology, and Smart Governance (STATS), striving to offer our community and partners the best.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Welcome to the first of our monthly Changelogs, where <strong>we will update you on the latest updates at </strong><a href="p2p.org" rel="noreferrer"><strong>P2P.org</strong></a>.</p><p>This month, we've been buzzing with activity, rolling out <strong>updates and features that enhance the user experience</strong> and help us achieve a more decentralized future for everyone. As we sail through this month, our team has been on a creative spree, working tirelessly to bring you the best in staking solutions and website enhancements. Here's what we've been up to:</p><h2 id="staking-innovations-and-dapp-developments"><br><strong>Staking Innovations and dAPP Developments</strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Dash.png" class="kg-image" alt loading="lazy" width="1592" height="932" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Dash.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Dash.png 1000w, https://p2p.org/economy/content/images/2024/03/Dash.png 1592w" sizes="(min-width: 720px) 720px"></figure><ul><li><strong>Updated Staking Dashboard: </strong>We kicked things off by unveiling our new staking dashboard, a sleek new interface that is now available to our clients. This dashboard is just the beginning, as we've laid the groundwork for future releases, including support for Solana, Cosmos Hub, and Polkadot.</li><li><strong>Enhancements in Staking Data API:</strong> Our relentless pursuit of excellence has led to improved monitoring, alerting, and updated documentation for the Staking Data API, making your staking journey smoother and more reliable.</li><li><strong>dAPP and Staking API Advancements:</strong> The introduction of the Celestia Staking API marks a milestone, offering fully automated staking on Celestia. On the dAPP front, we've streamlined the Eigenpod creation and stake flow, ensuring a seamless experience for our users.<br></li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-2024-03-20-at-15.16.08.png" class="kg-image" alt loading="lazy" width="574" height="374"></figure><h2 id="website-and-platform-enhancements"><br><strong>Website and Platform Enhancements</strong></h2><ul><li><strong>Website Overhaul:</strong> Our website has received a significant facelift, with automatic data refresh for all network APRs now linked directly to our DWH. We've rolled out pages showcasing all the PoS networks available for staking and dedicated pages for the Dimension and Aleo networks.</li><li><strong>UI and Functional Improvements:</strong> From updated referral program links to removing outdated information, we've made numerous tweaks to enhance navigation and user experience. </li></ul><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/FurKdMSPtvXVPJjoMuE8d7fR_4CkDUO42KqzAe2D3uWXspQ4fi3M3iFCgYnXM-3xANEJBVaY32qH370bAPRtygMjlvVjNxY3LMLhEOfuc2uR0uYI3VtPuPpczFzUHQr0hoim75Nj1TXmRSBWO9hhE0I" class="kg-image" alt loading="lazy" width="652" height="426"></figure><h2 id="infrastructural-and-service-updates"><br><strong>Infrastructural and Service Updates</strong></h2><ul><li><strong>Infrastructure Milestones:</strong> The migration of Genesis Holesky Validators to a new infrastructure and the deployment of the Holesky infrastructure to replace Goerli test clusters are just some of the steps we've taken to bolster system stability and performance.</li><li><strong>Lido and Maintenance Updates: </strong>We've integrated the latest features into Lido services and conducted thorough maintenance to ensure everything runs like a well-oiled machine.</li></ul><p><strong>Achievements Galore</strong></p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/iKT84kRRvfOoQc492f34i2tQzmlUx3HTMZE9-ISkFV17G-43B7KC8zdz0qK6dnyefosDhlQPeph5R-Xhu7gGnFNAZuFxQLTPslAWFbHfKOFm9JrRwRptgHwBY7H0bND-uuVClHHbXMSLDH6Mzj8OEJ0" class="kg-image" alt loading="lazy" width="1600" height="935"></figure><ul><li><strong>Staking Data API and Client Dashboards:</strong> Our API now supports a broader range of networks, including complete Ethereum network data and the addition of new validators and delegators methods. Client dashboards have seen significant enhancements, from a cross-chain summary page to improved data fetching speeds.</li><li><strong>Infrastructure and dAPP Development: </strong>The deployment of the Holesky infrastructure for clients, the launch of new SSV operators, and maintenance efforts to improve performance underscore our commitment to reliability and efficiency.</li></ul><h2 id="whats-next"><strong>What's Next?</strong></h2><p>As we look to the new quarter fast approaching, P2P.org remains committed to innovation, reliability, and user satisfaction. Our journey is powered by our team's dedication and our community's trust. Stay tuned for more updates, and here's to making the decentralized world more accessible and engaging for everyone!</p><p>Please stay connected with us for more exciting updates and developments. Together, we're building the future of blockchain and staking, one block at a time!<br></p><div class="kg-card kg-button-card kg-align-center"><a href="http://eth.p2p.org/?ref=p2p.org" class="kg-btn kg-btn-accent">Start Direct Staking with P2P.org Now!</a></div><p></p><h2 id="contact-us"><strong>Contact Us:</strong></h2><p>If you have any questions or wish to discuss further, please don't hesitate to contact us. The team at <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is ready to support you throughout your staking journey.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> - we are always open to communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>We're excited to announce a highly anticipated addition to our staking solutions portfolio, <strong>Restaking API for ETH Staking via EigenLayer</strong>. This is the first of its kind within the industry, representing a significant leap forward once again for P2P.org clients. Launching of this new product offers businesses a streamlined and efficient way to harness the full potential of Ethereum restaking.</p> <!--kg-card-begin: html--> <iframe width="800" height="450" src="https://www.youtube.com/embed/sw070p0M02o?si=TV8AxVK5OjEeQiro&controls=0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> <!--kg-card-end: html--> <h2 id="introducing-eigenlayer-restaking"><strong>Introducing EigenLayer Restaking:</strong></h2><p>Our Restaking API is designed to simplify the integration process, allowing businesses to create Eigenpod addresses and participate in EigenLayer Restaking seamlessly. This is a step towards a more connected and efficient Ethereum ecosystem.</p><p>As announced earlier in the year, P2P.org were one of the first to allow users to use our non-custodial staking dApp which already supports the customization of validator withdrawal addresses, which is the basic requirement for native restaking to an EigenPod. You can learn more about this in our <a href="https://p2p.org/economy/eigen-layer-restaking-with-p2p-org-guide/"><strong><u>Step-by-Step Guide: Eigen Layer Restaking</u></strong></a></p><p>P2P.org were also proud to participate in EigenLayers Restaking Summit in Istanbul during the Devconnect conference. Our head of product, Artemiy Parshakov also delivered a great keynote presentation talking about our products roadmap and how we plan to add more features relating to the EigenLayer ecosystem in 2024. </p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/NWOc9T5D4wr9fNfC-4OU6aBLjFtjOBcNy2fbiIvrc_AzRNrja5s8iYiKvpH71ZZX8wBJsOFd5iZ2ncSvSWeyZiVuByAjb-XyFq2AVZ4ElIhzzP32p_6CiZ63WfLt3BqsEHrA2mjhUNxqWviFz86DOLY" class="kg-image" alt loading="lazy" width="1600" height="1200"></figure><h2 id="why-restake-with-eigenlayer"><br><strong>Why Restake with EigenLayer?</strong></h2><p>Restaking with EigenLayer is more than just diversification; it's about future-proofing your staking strategies with the potential of additional rewards. Here's why you should consider it:</p><ul><li><strong>Airdrop Eligibility:</strong> Clients staking on EigenLayer will likely qualify for future protocol airdrops. By integrating early with our API, users ensure their spot for these potential rewards.</li><li><strong>Market First: </strong>P2P.org is proud to be the first to offer an API integration for restaking on EigenLayer, setting a precedent in the market. As ETH staking becomes more popular with more and more validators, the rewards are reduced, restaking allows you to boost these rewards in the first hald of 2024. (additionally, learn more about our MEV Boost <a href="https://p2p.org/economy/unlock-p2p-orgs-mev-enhancement-feature/"><u>here</u></a>!)</li><li><strong>Future-Ready:</strong> Early integration means you'll be ahead of the curve, reducing future integration time and effort. As with all our API solutions, we offer easy to follow integration guides through our <a href="https://docs.p2p.org/?ref=p2p.org"><u>API Documentation.</u></a></li></ul><h2 id="advantages-of-p2porgs-restaking-api"><strong>Advantages of P2P.org's Restaking API:</strong></h2><ul><li><strong>Simplicity:</strong> Our goal is to make the integration as straightforward as possible. Just like all our Staking API solutions (DVT, Solana, Cosmos) we're committed to providing a cost affective and user-friendly experience.</li><li><strong>Innovation: </strong>By choosing our Restaking API, you're not just staking; you're participating in the forefront of Ethereum technology.</li><li><strong>Support: </strong>Our dedicated 24/7 support team is always on standby to assist with any queries or issues, ensuring a seamless staking journey.</li></ul><h2 id="seamless-integration-and-documentation"><strong>Seamless Integration and Documentation:</strong></h2><p>We understand the importance of clear and concise documentation. Our guides are meticulously curated to provide a clear pathway, enabling a smooth transition from one phase to the next in your Ethereum restaking setup. Check out our Eigenpod <a href="https://p2p.org/economy/eigen-layer-restaking-with-p2p-org-guide/"><u>creation guide </u></a>to get started.</p><p>By integrating the P2P Restaking API, you're not just offering superior staking services; you're aligning with a reliable and experienced partner in P2P.org. Since 2018, it’s been our mission to promote a decentralized future for all, with leading non-custodial solutions. </p><h2 id="contact-us">Contact Us:</h2><p>We invite you to join us in this exciting new chapter. For any questions or further information, please feel free to reach out to our team on our official Telegram Channel. Be sure to stay tuned for updates and enhancements to our Restaking API.</p><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or talk to </em><a href="mailto: [email protected]" rel="noreferrer"><em>Alessandro Maci</em></a><em>. <br><br>We are always open for communication.<br><br>At P2P.org, we remain dedicated to our core values of Security, Transparency, Asset Rewards, Technology, and Smart Governance (STATS), striving to offer the best to our community and partners.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Welcome to the Validator Monitoring Service User Guide. This comprehensive guide is designed to help you effortlessly set up and navigate through our monitoring service, ensuring you have all the tools and knowledge to monitor your validator's performance effectively. Find our Monitoring tool by using a tg <a href="https://t.me/p2pvalidator_monitoring_bot?ref=p2p.org">bot</a>.</p><h2 id="telegram-bot">Telegram bot</h2><p>The heart of the Validator Monitoring System lies within its Telegram <a href="https://t.me/p2pvalidator_monitoring_bot?ref=p2p.org">bot</a>, your direct line to real-time Grafana dashboard insights and blockchain event alerts for your validator. Its intuitive subscription feature stands out for its ease of customization, allowing you to tailor alerts to your needs.</p><h3 id="getting-started"><strong>Getting Started</strong></h3><p>Upon your first interaction with the Telegram bot, initiate the conversation with a "Start" command or refresh your session with <strong><code>/start</code></strong>. This action will reveal the main interface of the monitoring tool.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png" class="kg-image" alt loading="lazy" width="880" height="1038" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png 880w" sizes="(min-width: 720px) 720px"></figure><p></p><p>The main interface presents three pivotal options:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png" class="kg-image" alt loading="lazy" width="892" height="486" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png 892w" sizes="(min-width: 720px) 720px"></figure><p></p><ol><li><strong>Open Grafana</strong>: This button grants immediate access to live Grafana dashboards, enabling you to monitor validator performance across various filters.</li><li><strong>Manage Subscriptions</strong>: This option leads to a menu for subscribing to validator-related events, highlighting the service's flexibility in tracking performance metrics.</li><li><strong>Help</strong>: Users can contact our support team here for service-related queries.</li></ol><h3 id="grafana-dashboard">Grafana dashboard</h3><p>Our service encompasses specialized dashboards for networks like Polkadot/Kusama and Moonbeam/Moonriver, among other parachains, providing a comprehensive view of your validator's activities.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">General indicators: we track session/era progression and staking data. Validator data per epoch: we provide information on rewards points, active validators, and their position in the active set.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png" class="kg-image" alt loading="lazy" width="1476" height="788" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 1000w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 1476w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Era and epoch points for ParaValidators: We monitor ParaValidator points earned and their relation to the network's average, median, and 95th percentile.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png" class="kg-image" alt loading="lazy" width="2000" height="1263" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 1600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Finality metrics (GRANDPA): We track blocks' prevotes and precommits and their ratio to ideally processed blocks.</div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png" class="kg-image" alt loading="lazy" width="2000" height="1061" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 1600w, https://p2p.org/economy/content/images/size/w2400/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 2400w" sizes="(min-width: 720px) 720px"></figure><p></p><p>Also, a user can easily switch between the parachains dashboard to track the collators' performance. </p><h3 id="mastering-subscriptions"><strong>Mastering Subscriptions</strong></h3><p>Subscribing to on-chain events is simplified through our customizable alerting templates. Begin by adding accounts to monitor under "My accounts" and proceed to "Add account" for specific tracking.</p><figure class="kg-card kg-image-card kg-width-full"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png" class="kg-image" alt loading="lazy" width="680" height="1498" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png 680w"></figure><p><br><strong>Add accounts to track</strong></p><p>To subscribe to the alerts, the first thing you need to do is to add accounts that you would like to track. Click "My accounts" and "+ Add account" on the next screen to do it.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png" class="kg-image" alt loading="lazy" width="888" height="620" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png 888w" sizes="(min-width: 720px) 720px"></figure><p><br>Our service covers Polkadot, Kusama, Acala, Karura, Moonbeam, and Moonriver networks, allowing for the addition of up to 15 accounts. Once your accounts are set, delve into specific alert configurations to fine-tune your monitoring needs. When adding new accounts, you can either search the accounts based on the<strong> </strong>first letters or paste the whole address:</p><hr><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot1.jpg" class="kg-image" alt loading="lazy" width="848" height="1601" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot1.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot1.jpg 848w" sizes="(min-width: 720px) 720px"></figure><hr><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot2.jpg" class="kg-image" alt loading="lazy" width="848" height="954" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot2.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot2.jpg 848w" sizes="(min-width: 720px) 720px"></figure><p>You can scroll your accounts, adding new ones and deleting old ones. When you are ready, press "Back" and continue configuring specific alerts.</p><hr><p><strong>Configure the alert</strong></p><p>Configuring alerts is straightforward. Choose an alert from the list under "My Subscription" and follow the prompts to tailor the alert parameters to your preferences. The system facilitates the testing of alerts to ensure operability and allows for easy management of active or critical alerts through visual indicators.</p><hr><p>Example of Polkadot Finality pre-commits ratio alert:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot3.jpg" class="kg-image" alt loading="lazy" width="848" height="2112" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot3.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot3.jpg 848w" sizes="(min-width: 720px) 720px"></figure><hr><p>Example of Moonbeam blocks production metric:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png" class="kg-image" alt loading="lazy" width="916" height="612" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png 916w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png" class="kg-image" alt loading="lazy" width="932" height="584" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png 932w" sizes="(min-width: 720px) 720px"></figure><p>Test alert example (to check if everything works):</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png" class="kg-image" alt loading="lazy" width="990" height="426" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png 990w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png" class="kg-image" alt loading="lazy" width="988" height="430" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png 988w" sizes="(min-width: 720px) 720px"></figure><hr><p>After configuring alerts, on the screen with the alerts list, you may see which alerts are active (green button) or fire emoji (meaning that the threshold is violated). </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png" class="kg-image" alt loading="lazy" width="730" height="664" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png 730w" sizes="(min-width: 720px) 720px"></figure><h3 id="emoji-explanations">Emoji explanations:</h3><p>➕ - Set alert<br>⏳ - Waiting for activation<br>🟢 - Alert is ready<br>⁉️ - Alert added, but activation failed for some reasons (<a href="mailto:[email protected]." rel="noreferrer">Contact US</a>)<br>🔥 - Alert expecting<br>🔥🔥🔥 - FIRE!!! You will receive an alert soon</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Also, do not forget to unmute the alert by clicking the “Mute/Unmute” button on the main screen.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png" class="kg-image" alt loading="lazy" width="722" height="250" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png 722w" sizes="(min-width: 720px) 720px"></figure><h3 id="support"><br>Support</h3><p>The feedback section allows users to share their thoughts or issues with the administration team. Although it's a one-way communication channel, rest assured that necessary follow-ups will be made if required.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot4.jpg" class="kg-image" alt loading="lazy" width="848" height="1202" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot4.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot4.jpg 848w" sizes="(min-width: 720px) 720px"></figure><p>We eagerly anticipate your feedback and are excited to help you leverage our Validator Monitoring Tool for optimal performance oversight.</p><h2 id="getting-started-with-your-own-instance"><br><strong>Getting Started with Your Own Instance</strong></h2><p>To provide you with a seamless experience, we have developed a fully self-sufficient, dockerized container for you to run your own instance of the monitoring service. Detailed technical instructions are available in the README section of our GitHub repository. Here’s a brief overview to get you started:</p><ol><li><strong>Install Docker and Docker Compose</strong>: Ensure these are set up on your system to proceed with the installation.</li><li><strong>Configure RPC Endpoints</strong>: Verify and adjust the RPC endpoints in the provided <strong><code>.env</code></strong> files to match your setup (for polkadot, kusama, acala, karura, moonbeam, mooriver).</li><li><strong>Set Up the bot .env File</strong>: Create a Telegram bot through @botfather and set up an admin Telegram group, including all team members. This bot will funnel user queries to the admin group.</li><li><strong>Launch the Service</strong>: Use the following command to start the service for the desired networks: You can extend the service to other networks by adding additional <strong><code>.yml</code></strong> files such as <strong><code>-f acala.yml</code></strong>, <strong><code>-f karura.yml</code></strong>, etc.</li></ol><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-text"><b><strong style="white-space: pre-wrap;">docker-compose</strong></b> -f docker-compose.yml -f polkadot.yml -f kusama.yml up</div></div><p></p><ol start="5"><li><strong>Explore the Telegram Bot:</strong> The bot provides access to your Grafana dashboard and allows you to subscribe to events related to validator performance.</li><li><strong>Access the Grafana Dashboard</strong>: Visit <a href="http://127.0.0.1:3000/?ref=p2p.org">http://127.0.0.1:3000</a> to view your dashboard (default credentials: <strong><code>admin</code></strong> / <strong><code>admin</code></strong>, with a prompt to change on the first login).</li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating on the Polkadot network since the beginning.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>In our ongoing mission to drive innovation and adoption within the Ethereum ecosystem, <a href="P2P.org" rel="noreferrer">P2P.org</a> is thrilled to announce a new partnership with <a href="https://twitter.com/PrimeStaked?ref=p2p.org" rel="noreferrer">PrimeStaked</a>. This collaboration marks another stride in our mission to support a robust and secure Ethereum network via our enhanced <a href="https://p2p.org/economy/introthe-ethereum-community-is-now-focusing-on-one-critical-theme-the-risk-of-a-supermajority-client-without-delving-too-deep-as-dankrad-feist-has-already-brilliantly-explained-this-ris/" rel="noreferrer">DVT solutions in partnership with ssv.network</a>.</p><p><strong>Securing Stake with Distributed Validator Technology (DVT)</strong><br>Decentralization is at the heart of what we do at P2P.org, and our mission is to create and promote a decentralized future for everyone.<br><br>Recognizing the challenges of ETH staking diversification, we've embraced Distributed Validator Technology (DVT) to diversify validator responsibilities and enhance network security. In this vein, our alliance with PrimeStaked introduces DVT to their platform via our collaboration with <a href="https://twitter.com/ssv_network?ref=p2p.org" rel="noreferrer">ssv.network</a>, offering users a robust platform to stake native ETH with notable incentives.</p><p><strong>A New Era of Restaking with PrimeStaked</strong><br>Through PrimeStaked, users can now leverage the pioneering DVT capabilities of the SSV network. This partnership not only boosts the staking APYs by an impressive 40% with PrimStaked through SSV incentives, but it also incorporates additional rewards from staking yield, EigenLayer Points, and primeETH XP. </p><p>By depositing any amount of native ETH or swapping for primeETH on <a href="https://app.uniswap.org/swap?outputCurrency=0x6ef3D766Dfe02Dc4bF04aAe9122EB9A0Ded25615&inputCurrency=ETH&utm_source=emailoctopus&utm_medium=email&utm_campaign=PrimeStaked%20ETH%20Deposits%20%28UPDATE%29"><u>Uniswap</u></a>, users can participate in this innovative restaking model, contributing to Ethereum's strength as a globally decentralized network.</p><p><strong>Liquid Restaking with PrimeStaked and P2P.org</strong><br>This new partnership with PrimeStaked underscores our commitment to promoting decentralization and enhancing Ethereum's economic security. PrimeStaked users now enjoy the convenience of liquid restaking, accruing multiple forms of yield while maintaining full capital control over their primeETH.</p><p></p><p><strong>Join the Vanguard of Ethereum Restaking</strong><br>This partnership represents a pivotal moment for Ethereum enthusiasts looking to engage with the network in a more secure, decentralized manner. By combining PrimeStaked's liquid restaking solutions with our <a href="https://p2p.org/economy/introducing-dvt-staking-api-streamlining-institutional-staking-on-p2p-org/"><u>expertise in DVT</u></a> and node operation, we are setting new standards for Ethereum staking.</p><p><strong>Stay Connected</strong><br>Together with PrimeStaked, we are forging ahead to a more decentralized and secure future for Ethereum restaking. We look forward to welcoming you to this new era of restaking with P2P.org and PrimeStaked.</p><h2 id="contact-us"><br>Contact Us:</h2><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or talk to </em><a href="[email protected]" rel="noreferrer"><em>Vladislav Kurenkov</em></a><em>. <br><br>We are always open for communication.<br><br>At P2P.org, we remain dedicated to our core values of Security, Transparency, Asset Rewards, Technology, and Smart Governance (STATS), striving to offer the best to our community and partners.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<h2 id="intro">Intro</h2><p>P2P.org is thrilled to announce a strategic partnership with Bing Ventures to manage their MANTA staking activities and support their foray into staking. This collaboration marks another significant milestone in our journey to enhance the staking ecosystem, leveraging Bing Ventures' growing ecosystem.<br></p><p>Since its inception in 2021,<a href="https://www.bing-ventures.com/?ref=p2p.org"> Bing Ventures</a> has emerged as a pioneering venture capital and research firm, supporting transformative blockchain and crypto ventures through value investing, business and technical know-how, and a vast network. With a portfolio spanning infrastructure, DeFi, gaming, social, and more, Bing Ventures prides itself on its unweaving faith in the Web3 revolution. This partnership embodies our shared vision of fostering innovation and accessibility in the crypto ecosystem for greater adoption.</p><h2 id="partnership">Partnership</h2><p>Through this collaboration, P2P.org has worked closely with Bing Ventures to provide staking infrastructure for the MANTA Atlantic network. This initiative is designed to contribute to the decentralization, security, and growth of the Layer-2 ecosystem while catering to the evolving needs of the global crypto community by providing a seamless and efficient staking experience.</p><p>P2P.org's proven expertise in staking infrastructure, combined with Bing Ventures' commitment to providing tailored support for projects in various stages of development, promises to significantly lower the barriers to MANTA staking, making it more accessible to individuals around the globe. Together, we are set to offer an unparalleled staking solution for MANTA, ensuring robust security, ease of use, and optimal staking rewards. Our joint effort will enhance the value proposition of MANTA staking and contribute to the broader adoption of staking solutions across the cryptocurrency ecosystem.</p><p>We are excited to embark on this journey with Bing Ventures, uniting our strengths to enable users with innovative tools and features that enhance their trading and staking experiences. This collaboration underscores our unwavering dedication to driving forward the staking landscape, ensuring that every user, regardless of their expertise level, can benefit from the opportunities presented by the dynamic world of cryptocurrencies.<br></p><p>Have a question? Please don't hesitate to contact our support team on our Official <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram Channel</a>.</p>
from p2p validator
<p>Ethereum, the second-largest blockchain platform by market capitalization, is on the brink of a transformative leap with the <strong>eagerly anticipated Dencun upgrade, slated for activation on March 13th</strong>.<br><br>As a hub for a myriad of decentralized applications (dApps) and a hotbed for blockchain innovation, Ethereum has faced its share of challenges, notably in scalability and the burden of high transaction costs.<br><br>This forthcoming upgrade is a watershed moment in Ethereum's evolution towards a rollup-centric future. <strong>By introducing Proto-Danksharding (EIP-4844), Ethereum is setting the stage for unprecedented scalability and efficiency enhancements</strong>, promising to address these critical challenges head-on.<br><br><strong>Quick Highlights: Dencun Upgrade & P2P.org's Role</strong></p><ul><li><strong>Upgrade Date</strong>: Ethereum's Dencun upgrade is set for March 13th, marking another significant leap in Ethereum's scalability.</li><li><strong>Core Features</strong>: Proto-Danksharding (EIP-4844), aimed at drastically cutting transaction costs and enhancing scalability through innovative "blob" data storage.</li><li><strong>Impact on Layer 2</strong>: The upgrade promises more efficient Layer 2 solutions, directly benefiting the Ethereum community.</li><li><strong>P2P.org's Involvement</strong>: Our <a href="https://x.com/p2pvalidator/status/1711641189810876743?s=46&ref=p2p.org">engagement in testnets showcases our commitment to Ethereum's development and ensures readiness for the upgrade.</a> (read more in the paragraphs below!)</li><li><strong>Staking Dynamics:</strong> Finally, we tried to anticipate how the upgrade would impact Staking, LSTs, and what's ahead.<br><br><strong>User Advisory</strong>: No immediate action is needed from P2P.org users; we're set to guide you through this transition smoothly.</li></ul><h2 id="proto-danksharding">Proto-Danksharding</h2><p>At the heart of the Dencun upgrade is <a href="https://www.eip4844.com/?ref=p2p.org">EIP-4844</a>, a groundbreaking proposal promising to dramatically enhance Ethereum's scalability. It's designed to significantly enhance Ethereum's scalability by introducing a new type of data storage called "blobs." These blobs allow for efficient, short-term storage of extensive data sets off the main blockchain while ensuring their processing availability. This mechanism reduces the overall transaction costs and paves the way for more scalable Layer 2 solutions by creating a separate space for batch processing of transactions. <strong>Proto-Danksharding is a critical step towards Ethereum's vision of achieving high transaction throughput, aiming to accommodate over 100,000 transactions per second.</strong><br><br><a href="https://twitter.com/PaulYa5hin?ref=p2p.org">Pavel Yashin</a>, a leading data analyst and researcher at P2P.org, shares his insights on this upgrade's impact on the Ethereum ecosystem.</p><blockquote>"EIP-4844 will create a separate blockspace for L2 batch processing, resulting in a two-dimensional fee market," explains Yashin. "This means Layer 2 solutions will have their own EIP-1559-like market, optimizing the costs of uploading data and potentially leading to a drastic decrease in L2 fees. The implications for the blockspace markets and the staking economy are profound."</blockquote><h3 id="the-impact-on-blockspace-markets">The Impact on Blockspace Markets</h3><p>Currently, L2 smart contracts are among the top consumers of gas on Ethereum, utilizing approximately 12-15% of blockspace primarily for batch uploading. Introducing a separate blockspace for these operations will alleviate this pressure, lowering base fees until new consumers fill the gap.<br></p><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2024/02/GGSzSh9WUAA1jP5.jpeg" class="kg-image" alt loading="lazy" width="1696" height="892" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/GGSzSh9WUAA1jP5.jpeg 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/GGSzSh9WUAA1jP5.jpeg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/GGSzSh9WUAA1jP5.jpeg 1600w, https://p2p.org/economy/content/images/2024/02/GGSzSh9WUAA1jP5.jpeg 1696w" sizes="(min-width: 720px) 720px"><figcaption>Data from Dune Analytics gathered by Pavel Yashin</figcaption></figure><p>The Dencun upgrade heralds a significant improvement for Layer 2 (L2) solutions, as they will gain independence from the congestion and fee spikes of Layer 1 (L1). Only local congestion within L2s will influence their operation, making Ethereum's blockspace more efficient and user-friendly. </p><blockquote><strong>This independence from L1 congestion ensures that L2 solutions can offer a more consistent and predictable fee structure, significantly enhancing the user experience on the Ethereum network.</strong></blockquote><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2024/02/GGSzoO2X0AAfNJ-.jpeg" class="kg-image" alt loading="lazy" width="1694" height="892" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/GGSzoO2X0AAfNJ-.jpeg 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/GGSzoO2X0AAfNJ-.jpeg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/GGSzoO2X0AAfNJ-.jpeg 1600w, https://p2p.org/economy/content/images/2024/02/GGSzoO2X0AAfNJ-.jpeg 1694w" sizes="(min-width: 720px) 720px"><figcaption>"Despite being huge gas consumers, L2s are nowhere near a major source of priority fees: most batch posting transactions occur at the bottom of the block. The last 3 months' data shows that L2 payments to proposers were around only 1.6% of total EL rewards," says Pavel Yashin</figcaption></figure><h3 id="staking-economy-and-priority-fees"><br>Staking Economy and Priority Fees</h3><p>While the upgrade is poised to bring significant benefits to L2 users, its impact on stakers might be less pronounced. "For stakers, the change may pass by mostly unnoticed, affecting only a fraction of APR from priority fees income," Yashin notes. "However, the decrease in base and priority fees could make Ethereum more attractive to a broader user base." (<a href="https://x.com/PaulYa5hin/status/1757736309492179012?s=20&ref=p2p.org">original Tweet by Pavel Yashin</a>)</p><h2 id="p2porg-leading-ethereums-charge-towards-scalability"><br>P2P.org: Leading Ethereum's Charge Towards Scalability</h2><p>P2P.org's involvement in Ethereum's development extends beyond theoretical contributions. Our engagement is exemplified by <strong>our active participation in all three testnets</strong>, where we've consistently pushed the boundaries of Ethereum's capabilities.<br><br>A testament to our technical dedication is the <strong>development of the Dirk Key Converter (DKC)</strong>. This pivotal tool enhances node operators' tooling by facilitating the migration to the vouch/dirk schema. It significantly boosts security levels by adopting threshold signatures, underscoring our commitment to advancing Ethereum's infrastructure. <strong>As a genesis node operator for the Holesky testnet, we've underscored our technical prowess by managing over 100,000 keys, demonstrating our capability to conduct large-scale operations with unmatched precision and reliability.</strong></p><p>Moreover, our <strong>collaborative endeavors with leading projects</strong> such as <a href="http://obol.tech/?ref=p2p.org">Obol</a>, <a href="http://ssv.network/?ref=p2p.org">SSV.network</a>, <a href="https://lido.fi/?ref=p2p.org">Lido</a>, and <a href="https://docs.eigenlayer.xyz/eigenda/overview/?ref=p2p.org">EigenDA</a> further highlight our role in fortifying Ethereum's ecosystem. By actively engaging in testing setups for these initiatives, we contribute to the overall robustness and efficiency of the network.<br><br>Our involvement goes beyond mere participation as we actively contribute to shaping Ethereum's scalable, secure, and efficient future, showcasing our unwavering commitment to the platform's advancement.</p><p>The Dencun upgrade, with EIP-4844 as its cornerstone, symbolizes more than a technical milestone; it represents a significant stride toward fulfilling Ethereum's scalable, efficient, and user-centric vision.</p><p>"P2P.org is proud to be at the vanguard of Ethereum's evolution, contributing to a foundation that will make L2 users' experiences more affordable and set the stage for true sharding," Yashin asserts. "More scalability for the scalability god."</p><p>The Dencun upgrade exemplifies the community's dedication to innovation as Ethereum continues its journey and enhances its scalability. With P2P.org's involvement and the expertise of Pavel Yashin, the upgrade is not merely a step forward for Ethereum but a giant leap for the broader blockchain ecosystem.<br></p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/ethereum?ref=p2p.org" class="kg-btn kg-btn-accent">Stake with us!</a></div><h2 id="strategic-adjustments-in-ethereums-staking-dynamics"><br>Strategic Adjustments in Ethereum's Staking Dynamics</h2><p>As Ethereum continues to evolve with the Dencun upgrade, a strategic adjustment is set to refine the staking dynamics within the network.</p><div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><strong>Scheduled for implementation in Q1 2024, alongside the Dencun update, is a pivotal change encapsulated in <a href="https://eips.ethereum.org/EIPS/eip-7514?ref=p2p.org">EIP-7514</a>, which proposes setting the maximum churn limit to 8.</strong></div></div><p>This initiative is driven by the motivation to mitigate the potential negative impacts of an excessively high total ETH supply being staked, pending a more comprehensive solution to adjust the rewards curve. Essentially, <strong>this measure is designed to temper the growth pace of staked ETH</strong>, acknowledging the complexities involved in modifying the reward structure.</p><h4 id="implications-for-staking">Implications for Staking</h4><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/BHLhmKazzbV0Qxb4Qjw9_20rb-ifIUdqJmKJX1Zo0vL0GUWg6Ycgg1z15hoQhrPfmZcceopDbAMxdNSZaFnQSvEc0NMxNg5UOiVD5F-NGnUM96siGk_CWEcn1nZMvBt922AQ5rjDMQZ57IB4xYtmRec" class="kg-image" alt loading="lazy" width="602" height="364"></figure><p><strong>With the current churn limit at 13, the adjustment to a churn limit of 8 represents a significant deceleration in stake growth—by approximately 40%.</strong> This recalibration aims to cap the annual growth of the staking ratio to around 17.5% of the total supply. Such a slowdown is anticipated to foster a more competitive landscape for staking providers, as the effective addressable market contracts by a corresponding margin.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">Notably, since October 15th, 2023, the activation limits have been under no pressure, with queues seldom reaching 50% of the daily activation capacity. However, as of February 2024, a resurgence in queue congestion has been observed, likely spurred by positive market sentiment and an influx of long-term investments or anticipation of forthcoming updates.</div></div><p>This scenario underscores the importance of making timely staking decisions, especially if the positive outlook on Ethereum's macroeconomic environment persists, potentially leading to queue lengths surpassing those observed post-Shapella.</p><h4 id="impact-on-liquid-staking-tokens-lsts">Impact on Liquid Staking Tokens (LSTs)</h4><p>In the event of heightened demand for staking and the emergence of queues, it's conceivable that interest may partially shift towards Liquid Staking Tokens (LSTs). Although this shift would likely result in a reduced yield on LSTs, their appeal remains intact, suggesting that LSTs could be pivotal in Ethereum's staking ecosystem moving forward.</p><h4 id="looking-ahead">Looking Ahead</h4><p>This adjustment is envisioned as a temporary measure, awaiting a definitive stance from the Ethereum Foundation on key staking parameters, such as the target staking ratio and inflation considerations. It represents a thoughtful approach to balancing growth with sustainability, ensuring Ethereum's long-term resilience and scalability.</p><hr><h2 id="contact-us">Contact Us:</h2><p>Please read <a href="https://twitter.com/PaulYa5hin/status/1757736309492179012?s=20&ref=p2p.org">the original tweet on Dencun Upgrade by Pavel Yashin</a>.<br>Consider reading our <a href="https://p2p.org/economy?ref=p2p.org">blog</a> to learn more about the staking market and download our <a href="bit.ly/P2PorgReport">Epoch Report</a>, a comprehensive market overview.</p><p><em><em><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> </em></em></em></em><br><em><em><em><em>We are always open for communication.</em></em></em></em><br><br>We encourage you to check our website and start our staking journey together!</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/ethereum?ref=p2p.org" class="kg-btn kg-btn-accent">Stake with us!</a></div><hr><p><strong><strong><strong><strong>Web:</strong></strong></strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a><br><strong>Blog:</strong> <a href="https://p2p.org/economy/">https://p2p.org/economy</a><br><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
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