Kamil Jakub Natil

49 posts
Polkadot, Staking New Opportunities with our Polkadot Staking API

<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&nbsp;</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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact Alex via&nbsp;<a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong>&nbsp;<a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br><br></p>

Kamil Jakub Natil

from p2p validator

Bitcoin, Babylon Understanding Non-Custodial Staking on the Babylon

<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.&nbsp;</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&nbsp;</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&nbsp;</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.&nbsp;</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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact Alik via&nbsp;<a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

EigenLayer Celebrating the Launch of Lagrange’s Prover Network on EigenLayer

<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,&nbsp;<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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact our team directly on X or LinkedIn. We are always open to communication.</p>

Kamil Jakub Natil

from p2p validator

EigenLayer Introduction to Restaking Risk Framework

<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,&nbsp;<a href="https://www.eigenlayer.xyz/?ref=p2p.org">EigenLayer</a>&nbsp;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 &amp; management and refreshed the importance of restaking risk evaluation.<br><br>We at&nbsp;<a href="http://p2p.org/?ref=p2p.org">P2P.org</a>&nbsp;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&nbsp;can use the provided information&nbsp;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 &amp; 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 &amp; 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>&nbsp;- verifies ETH Beacon deposits via Beacon chain oracle</li><li><strong>EigenPodManager</strong>&nbsp;- deploys pods, keeps track of pod shares (podOwnerShares)</li><li><strong>DelegationManager</strong>&nbsp;- registers operators</li><li><strong>StrategyManager</strong>&nbsp;- the primary entry- and exit point for funds into and out of EigenLayer</li><li><strong>Slasher</strong>&nbsp;- 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&nbsp;<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 &amp; 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:&nbsp;</p><blockquote><em>Value from the attack &gt; 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:&nbsp;<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&nbsp;devil is not so terrible&nbsp;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 &amp; 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 &amp; 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,&nbsp;<a href="http://p2p.org/?ref=p2p.org">P2P.org</a>&nbsp;extensively uses data services for internal needs (i.e., business analysis &amp; planning) and external reporting (clients &amp; 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&nbsp;P2P<a href="http://p2p.org/?ref=p2p.org">.org</a>&nbsp;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>&nbsp;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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact our team directly on X or LinkedIn. We are always open to communication.</p><hr><p><strong>Web:</strong>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Pavel Yashin

from p2p validator

BTC, Staking What is Bitcoin Staking?

<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.&nbsp;</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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact our team directly on X or LinkedIn. We are always open to communication.</p><hr><p><strong>Web:</strong>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br><br><br><br></p>

Kamil Jakub Natil

from p2p validator

Polkadot, Staking Polkadot Dynamic Fees

<p>We have exciting news that will boost your staking returns!</p><p>From&nbsp;<strong>June 1st to June 30th</strong>, we’re launching a special promotion to reduce fees to an incredible&nbsp;<strong>0.5%</strong>&nbsp;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>&nbsp;We’re temporarily lowering the fees to&nbsp;<strong>0.5%</strong>&nbsp;for a subset of our validators. This subset changes approximately monthly, so you can always access&nbsp;<a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a>&nbsp;validators with reduced costs.</li><li><strong>Better Returns:</strong>&nbsp;With lower fees during this promo period, you can earn more from your staking.</li><li><strong>Monthly Rotating Low-Fee Validators:</strong>&nbsp;A new set of <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a>&nbsp;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>&nbsp;We’re all about transparency. The rotation of low-fee validators will be clear and balanced, and each&nbsp;<a href="http://p2p.org/?ref=p2p.org">r</a>otation will be announced on&nbsp;<a href="http://p2p.org/?ref=p2p.org">P2P.org</a>&nbsp;communities on Telegram and Twitter. Stay tuned!</li></ul><p><strong>How It Works:</strong></p><ul><li>From&nbsp;<strong>June 1st to June 30th</strong>, take advantage of the&nbsp;<strong>0.5%</strong>&nbsp;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&nbsp;<a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a>&nbsp;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>&nbsp;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&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>&nbsp;chat or contact Alex via&nbsp;<a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong>&nbsp;<a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

restaking, EigenLayer Know Your AVS!

<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/&nbsp;?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.&nbsp;</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&nbsp;<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>

Kamil Jakub Natil

from p2p validator

Staking Introducing Staking-as-a-Business, SaaB

<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 &amp; 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.&nbsp;</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.&nbsp;</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?&nbsp;</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.&nbsp;</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?&nbsp;</strong></h2><p>Staking-as-a-Business (SaaB) caters to diverse businesses within the Web3 &amp; 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>

Kamil Jakub Natil

from p2p validator

EigenLayer, restaking, Guide Restaking guide: Opt-in P2P.org operator in EigenLayer

<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&nbsp;can register to the network and begin validating for the first AVS,&nbsp;EigenDA;&nbsp;Restakers&nbsp;can delegate their stake to&nbsp;Operators&nbsp;and start putting shared security to work with&nbsp;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&nbsp;</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>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Vladislav Kurenkov

from p2p validator

Staking, Update Monthly Changelog V1.01

<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>

Kamil Jakub Natil

from p2p validator

EigenLayer, restaking P2P.org's Restaking API via EigenLayer

<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&amp;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.&nbsp;</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&nbsp;</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>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

DVT, Staking, restaking P2P.org Partners with PrimeStaked for Enhanced Ethereum Restaking Solutions

<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.&nbsp;</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&nbsp;</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>&nbsp;<a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

Staking, Manta, Partnership P2P.org Partners with Bing Ventures to Introduce MANTA Staking Solutions

<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>

Kamil Jakub Natil

from p2p validator

Ethereum, Explain Like I'm Five, Staking The Dencun Upgrade: A New Era for Ethereum

<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 &amp; 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>

Kamil Jakub Natil

from p2p validator

Manta, Staking P2P.org Launches Manta Staking

<p>We’re thrilled to <strong>announce the launch of Manta Atlantic Staking</strong>, a new staking opportunity in collaboration with <a href="https://manta.network/?ref=p2p.org">Manta Network</a>.</p><h3 id="introducing-manta-atlantic"><strong>Introducing Manta Atlantic</strong></h3><p>Manta Atlantic, a Layer 1 network part of the Manta Network, operates on the Polkadot blockchain. It's recognized for its focus on providing decentralized and swift Zero-Knowledge (ZK) compliance credentials. <strong>The network introduces innovative concepts like Zero-Knowledge Simple Barter Tokens (zkSBTs) and zkAddresses, a unique system offering a private, auditable, and reusable address framework.</strong> This layer is pivotal in supporting various applications, including Zero-Knowledge Non-Fungible Tokens (zkNFTs), staking mechanisms, and various ecosystem projects, enabling smooth cryptographic interactions across different platforms.</p><h3 id="manta-pacific-overview"><strong>Manta Pacific Overview</strong></h3><p>Manta Pacific, on the other hand, serves as a Layer 2 network on the Ethereum blockchain. It emphasizes developing and deploying Ethereum Virtual Machine (EVM)-native Zero-Knowledge applications, leveraging <a href="https://celestia.org/?ref=p2p.org">Celestia</a> for data availability and zkEVM for scalability. This network is designed with a developer-focused approach, providing tools like Universal Circuits and Software Development Kits (SDKs) to facilitate the easy integration of on-chain identities in decentralized applications.<br>Manta Pacific stands out for its high-performance infrastructure, minimal transaction costs, and modular structure that combines scalability with low gas fees.</p><p>These rephrasings highlight the distinct features and purposes of both Manta Atlantic and Manta Pacific, underlining their roles in advancing blockchain technology and privacy within the Web3 development space.</p><h3 id="features-of-manta-atlantic"><strong>Features of Manta Atlantic</strong></h3><ul><li><strong>Enhanced Privacy</strong>: Leveraging zk-SNARKs, Manta Atlantic guarantees complete transaction confidentiality, safeguarding user identity and transaction specifics.</li><li><strong>Improved Scalability</strong>: Manta Atlantic's efficient privacy mechanisms offer high throughput and reduced transaction costs.</li><li><strong>Interoperability</strong>: Built for easy integration across various blockchains, it fosters a more inclusive DeFi ecosystem.</li><li><strong>User-Friendly Interface</strong>: Manta Atlantic balances advanced technology with an easy-to-use interface.</li></ul><h3 id="staking-on-manta-atlantic"><strong>Staking on Manta Atlantic</strong></h3><p>With Manta Network, <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is excited to provide staking services on Manta Atlantic. By staking their tokens, users can support the network and earn rewards.</p><ul><li><strong>Staking Rewards</strong>: Attractive APY rates for stalkers, with special offers for users who wish to stake over 400K Manta.</li><li><strong>Security</strong>: <a href="p2p.org">P2P.org</a> has an established history of secure staking services.</li><li><strong>24/7 Support</strong>: Our team offers constant assistance for any staking-related queries.</li></ul><h3 id="how-to-stake"><strong>How to Stake</strong></h3><p>Please visit our <a href="https://p2p.org/economy/manta-staking-guide/">Staking Guide</a> for a detailed guide on staking.</p><h3 id="about-manta-network"><strong>About Manta Network</strong></h3><p>Manta Network is building a secure and interoperable future with Zero-Knowledge. Their mission is to deliver the best developer experience that enables ZL applications. Their focus is on transaction confidentiality and efficiency. Manta Network is working to reshape the DeFi world with its dedication to privacy, scalability, and interoperability.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $4 billion by over 90,000 delegators/nominators across 25+ high-class networks.</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>

Kamil Jakub Natil

from p2p validator

Manta, Staking, Guide Manta Staking Guide

<p>Manta Atlantic is a prominent part of the <a href="https://manta.network/?ref=p2p.org">Manta Network</a>, recognized for being the fastest and most decentralized Zero-Knowledge (ZK) Layer1 on Polkadot.‌‌‌‌This makes it a significant contender for L1s, particularly for those applications requiring high levels of privacy and security.</p><p>This guide outlines the steps to create an account on the Polkadot network and stake your assets in Manta. <strong>If you hold more than 400 K Manta, contact us to learn about special staking offers.</strong></p><h2 id="creating-a-manta-atlantic-account"><strong>Creating a Manta</strong> Atlantic <strong>account</strong></h2><p>Having tokens on Manta Atlantic (Polkadot parachain network) would be best. To bridge the tokens from Manta Pacific (ETH) to Manta Atlantic (Polkadot), please use the official bridge: <a href="https://app.manta.network/manta/bridge?ref=p2p.org">https://app.manta.network/manta/bridge</a>. Note that you need to have an account on Manta Atlantic. The most convenient way is to utilize the Polkadot js extension for Manta Atlantic.</p><p>Remember, your seed phrase is crucial for account access. If lost, you can restore your account with it, but if someone else gets it, they can access it. Store your seed securely on encrypted hard drives, non-digital devices, or ideally on paper, and protect it from physical damage. Never store it on an internet-connected device.</p><h2 id="step-by-step-staking-guide"><strong>Step-by-step staking guide:</strong></h2><p> <br> 1. Navigate to the Manta staking dApp at <a href="https://app.manta.network/manta/stake?ref=p2p.org">https://app.manta.network/manta/stake</a>. When you first visit this dApp, please allow the Polkadot js extension access.</p><p> 2. After you connect, you will see your dashboard page. Please select the "Start staking" button to stake your Manta tokens.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Delegate-20How.png" class="kg-image" alt loading="lazy" width="2000" height="495" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Delegate-20How.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/Delegate-20How.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/Delegate-20How.png 1600w, https://p2p.org/economy/content/images/2024/02/Delegate-20How.png 2107w" sizes="(min-width: 720px) 720px"></figure><p> <br> 3. You will then see the list of available collators. Do your own research before choosing the collator. Remember the basic rules: the minimum stake is 500 Manta, and the maximum number of delegations per collator is 100 (If a collator has more than 100 delegators, the minimum delegation amount to receive rewards will be larger than above 500, depending on the other delegator's stakes.). When the collator is chosen, click the "Stake" button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Delegate-20Collator.png" class="kg-image" alt loading="lazy" width="2000" height="854" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Delegate-20Collator.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/Delegate-20Collator.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/Delegate-20Collator.png 1600w, https://p2p.org/economy/content/images/2024/02/Delegate-20Collator.png 2080w" sizes="(min-width: 720px) 720px"></figure><p> <br> 4. After, you will see the window to enter the desired amount to stake. Once done, you must sign the transaction using your Polkadot js wallet.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Delegate-20stake.png" class="kg-image" alt loading="lazy" width="714" height="855" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Delegate-20stake.png 600w, https://p2p.org/economy/content/images/2024/02/Delegate-20stake.png 714w"></figure><p> <br> 5. After the transaction appears in the blockchain, the dashboard updates automatically, and you will see the chosen collator and the buttons "Stake" (if you would like to add more tokens) and "Unstake" (if you would want to stop staking). Remember, unstaking takes seven days. Rewards are paid every 6 hours.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Active-20Collator-20from-20Manta-20Network.png" class="kg-image" alt loading="lazy" width="2000" height="307" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Active-20Collator-20from-20Manta-20Network.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/Active-20Collator-20from-20Manta-20Network.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/Active-20Collator-20from-20Manta-20Network.png 1600w, https://p2p.org/economy/content/images/2024/02/Active-20Collator-20from-20Manta-20Network.png 2092w" sizes="(min-width: 720px) 720px"></figure><p><br>All credits for used materials belong to Manta Network. For more detailed information, please refer to the official <a href="https://docs.manta.network/docs/manta-atlantic/Staking/Delegation/HowTo%20Delegate?ref=p2p.org">staking guide</a>.<br><br></p><h2 id="about-p2p-validator">About P2P Validator</h2><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.</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>

Kamil Jakub Natil

from p2p validator

Staking, Guide, Dymension, Celestia P2P.org Launches Dymension Staking

<p>P2P.org is excited to announce our upcoming support for Dymension, a blockchain designed for the Internet of RollApps. As we gear up to support Dymension as a genesis validator, we're committed to furthering our mission of fostering innovation within the blockchain community and providing seamless access to decentralized technologies. Let’s dive into what Dymension does and how you can start staking with P2P.org.<br></p><h2 id="introducing-dymension">Introducing Dymension</h2><p>Dymension stands at the forefront of blockchain innovation, introducing a modular approach to rollups and setting a new standard for decentralized applications (dApps). Here's what makes Dymension a game-changer in the blockchain space:<br></p><blockquote><strong>Unified Infrastructure: </strong>By serving as a hub for rollups, Dymension leverages the Inter-Blockchain Communication Protocol (IBC) to ensure secure and efficient interoperability.<br><br><strong>Flexibility and Scalability:</strong> RollApps, as modular blockchains on Dymension, offers  flexibility for building. Developers can choose their virtual machines, business models, and powering tokens, facilitating tailored blockchain solutions.<br><br><strong>Economic Sustainability:</strong> With the ability to publish transaction data to specialized chains like Celestia &amp; Avail, RollApps ensure both economic viability and scalability. Dymension's infrastructure supports the deposit, play, withdraw model, optimizing the crypto user experience.<br></blockquote><h2 id="p2porgs-role-as-a-genesis-validator">P2P.org's Role as a Genesis Validator</h2><p>As one of the first validators for Dymension, P2P.org is positioned to play a pivotal role in securing and optimizing the network. Our expertise in non-custodial staking and digital asset management, combined with a commitment to over $3.5 billion in assets (as of February 2024), underscores our dedication to the blockchain ecosystem's growth and security.<br></p><h2 id="how-to-stake-dymension-dym-with-p2porg">How to Stake Dymension (DYM) with P2P.org</h2><p>Staking DYM tokens with P2P.org is straightforward and secure. Here's a quick guide to get you started:<br></p><ol><li><strong>Select P2P.org as Your Validator:</strong> Navigate to the Dymension Portal, search for P2P in the validators list, and click "Stake" next to our listing.</li><li><strong>Delegate Your DYM Tokens:</strong> Choose the amount you wish to stake with P2P.org and confirm the transaction in your wallet.</li><li><strong>Manage Your Delegation: </strong>Enjoy your staking rewards and utilize the management options to restake, unstake, or claim rewards directly from the Dymension Portal.</li></ol><p>Please note the 21-day unbonding period for DYM tokens, ensuring you maintain control over your assets while securing the network.</p><p>You can review our comprehensive staking guide here for more information or contact our official support team on Telegram!</p><div class="kg-card kg-button-card kg-align-center"><a href="https://t.me/P2Pstaking?ref=p2p.org" class="kg-btn kg-btn-accent">Contact us on Telegram!</a></div><h2 id="join-us-in-welcoming-a-new-dimension">Join Us in Welcoming a New Dimension</h2><p>As Dymension prepares to launch, P2P.org invites our community to explore the possibilities of this innovative blockchain. Whether you're a developer looking to deploy a RollApp or an investor aiming to leverage your DYM airdrop, our partnership with Dymension offers new opportunities for early-bird adopters.<br></p><p>Stay tuned for more information, including detailed staking guides and updates on our role as a genesis validator. Let's step into a new dimension of blockchain technology, where flexibility, scalability, and user experience converge to create a decentralized future for all.<br><br></p>

Kamil Jakub Natil

from p2p validator

Economy, Staking P2P.org Upholding the Highest Security Standards with SOC 2 Type I Audit Completion

<p><br>We're thrilled to announce a <strong>significant milestone in our journey to provide the safest and most reliable validator infrastructure and staking services</strong>. We have completed <strong>the SOC 2 Type I audit</strong>, an essential step in demonstrating our commitment to the highest security standards in the industry.<br></p><p><strong>What is a SOC 2 Type I Audit?</strong></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">The SOC 2 Type I audit is a rigorous evaluation conducted by an independent auditor.</div></div><p>For us, we partnered with <a href="https://kirkpatrickprice.com/?ref=p2p.org">KirkpatrickPrice</a>, a licensed CPA firm, PCI QSA, and HITRUST CSF Assessor with over eighteen years of experience that has carried out over 20,000 audits. The audit assesses the design and implementation of P2P.org internal controls related to our systems' security, availability, processing integrity, confidentiality, and privacy. <strong>This audit is critical for organizations like ours that handle sensitive data and operate in the blockchain ecosystem.</strong></p><p>This achievement is more than just a compliance milestone; it reflects our core values of trust, transparency, and decentralization. Maintaining robust security measures is paramount as we grow and help onboard more institutional investors. The SOC 2 Type I audit assures our users and partners that we are dedicated to protecting their digital assets and information.<br></p><p><strong>P2P.org's Approach to Security:</strong><br>Our team of over 250 professionals, predominantly developers and engineers, works tirelessly to enhance and secure our platform. We provide direct staking and liquid staking capabilities backed by leading infrastructure and insurance protection. Our SOC 2 Type I compliance is a testament to the effectiveness of our security practices and our commitment to continuous improvement.<br></p><p>For our users, this means greater confidence in our platform's ability to safeguard their assets. Whether you're an individual staker or an intermediary like a wallet, exchange, or custodian, you can trust P2P.org to provide secure access to the entire DeFi ecosystem. Our successful SOC 2 Type I audit reinforces our promise to deliver a decentralized, non-custodial staking experience that puts your interests first.<br></p><p>As we celebrate this achievement, we remain focused on our mission to drive the global adoption of decentralized blockchain networks. Our commitment to security is unwavering, and we will continue to embrace new challenges and opportunities to serve our community better.<br></p><p>Thank you for being part of our journey. Together, we are shaping a more accessible and secure financial future.<br></p>

Kamil Jakub Natil

from p2p validator

EigenLayer, Renzo, Ethereum, Partnership, restaking P2P.org and Renzo Partner for Decentralize Node Infrastructure

<p>P2P.org is excited to announce a partnership with Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. This collaboration signifies another step forward in our commitment to decentralizing node infrastructure, institutional adoption of our Staking API and enhancing Ethereum's economic security.<br></p><p><strong>Who are Renzo?</strong><br>Renzo is at the forefront of facilitating permissionless innovation on Ethereum. As an interface to the EigenLayer ecosystem, Renzo secures Actively Validated Services (AVSs), stating they offer yields higher than traditional ETH staking. By abstracting the complexities, Renzo allows end-users to collaborate seamlessly with EigenLayer node operators. Renzo's dedication to promoting EigenLayer's vision of trust acquisition and ecosystem development makes it an ideal partner for P2P.org.<br></p><p><strong>Our Collaboration</strong><br>P2P.org has been fully integrated into Renzo's Mainnet, as the second node operator. This integration enables us to scale Ethereum's economic security to all EigenLayer AVS. Renzo's approach to liquid restaking, combined with our expertise in institutional-grade node operation, creates a powerful synergy. We are thrilled to contribute to Renzo's mission of offering high-quality restaking services.<br></p><p>Renzo's advocacy for EigenLayer and its commitment to decentralized innovation aligns perfectly with our core values at P2P.org. We both strive for transparency, security, and the widespread adoption of decentralized solutions.<br></p><p><strong>Looking Ahead</strong><br>This partnership marks a significant milestone in our journey towards a more decentralized, secure, and innovative Ethereum ecosystem. We are proud to collaborate with Renzo and contribute to the EigenLayer vision. <br></p><p>Stay tuned for more updates and developments from this strategic partnership!<br></p><p>For more information about Renzo and EigenLayer, visit their <a href="https://www.renzoprotocol.com/?ref=p2p.org">website</a> and explore their innovative solutions for Ethereum staking. <br></p><p>As always, <a href="P2P.org">P2P.org</a> remains committed to our core values of Security, Transparency, Asset Rewards, Technology, and Smart Governance (STATS), ensuring the best for our community and partners.<br><br>Contact us on our official community Telegram channel if you’d like to speak to our team.<br><br>Link: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

HR, Guide Blockchain Employment: Trends and Challenges (Part II)

<p>This <strong>section focuses on the intricate landscape of compensation and benefits within the cryptocurrency industry</strong>, highlighting the unique challenges and trends that define this domain.</p><blockquote class="kg-blockquote-alt">"Data is King"</blockquote><p>💥<strong> Data is King: </strong>Data is of utmost importance in the organizational landscape! This holds especially true within Crypto, where companies refrain from partaking in salary surveys conducted by local or global providers. The absence of such data presents a substantial challenge in setting standardized salary benchmarks within the industry. The<strong> lack of comprehensive data analytics on salaries complicates recruiting</strong> and planning for compensation in these specialized roles.</p><p>Conventional Tech salary standards presently determine crypto salaries. To illustrate, a specialist in the blockchain domain would anticipate receiving remuneration at the upper echelons of the salary range, <strong>commonly falling within the 75th or 90th percentiles within the broader technology job market.</strong></p><p>Many crypto enterprises adopt a remote work model, emphasizing expertise over location due to the industry's niche nature. Employees are frequently mobile, having become accustomed to remote work practices.</p><p>Consequently,<strong> implementing a regional payroll approach becomes exceedingly challenging</strong> because employees don't confine their job searches to specific locations but explore opportunities worldwide. This situation leads to fierce global competition for available roles within the sector.</p><p>Regarding experts involved in Decentralised Autonomous Organization (DAO) projects, where maintaining anonymity is often crucial, the challenge arises in determining benchmark salaries for different regions. The project management team may be unaware of the location of their employees or consultants, making it difficult to establish appropriate salary standards for specific areas. Consequently, attracting and retaining such expertise across diverse regions becomes a complex task. <strong>Setting a low salary cap might not be conducive to securing the required knowledge</strong>, especially in more expensive areas like North America and Western Europe, that would potentially disrupt your financial planning.</p><p>Additionally, the prevalent practice of compensating in cryptocurrencies further complicates the calculation of gross and net salaries.</p><h2 id="contact-us">Contact Us:</h2><p>Please read our previous HR Guide on onboarding <a href="https://p2p.org/economy/shaping-onboarding-for-a-remote-distributed-team-p2p-orgs-practical-experience/">here</a> or click <a href="https://p2p.org/economy/blockchain-employment-trends-and-challenges-part-i/">Blockchain Employment: Trends and Challenges (Part I)</a>.<br><br>We also wrote other articles on crypto recruitment and compensation. Please find it here:  <a href="https://p2p.org/economy/navigating-the-landscape-of-crypto-compensation-and-benefits-part-1/">Navigating the Landscape of Crypto Compensation and Benefits (Part 1)</a> &amp; <a href="https://p2p.org/economy/ghost/#/editor/post/657c60adbb026f00011df943">Navigating the Landscape of Crypto Compensation and Benefits (Part 2)</a>. You will discover our practical tips and recommendations based on our experience, mistakes, and successes in our journey, from 35 employees in 2021 to 145 people across 37 countries in 2023.</p><hr><p><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or </em></em></em></em>check our career page at </em></em></em></em></em></em></em></em></em></em></em></em><a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a>.<br><br><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em>We are always open for communication.</em></em></em></em></em></em></em></em></em></em></em></em></em></em></em></em></p><hr><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Web:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Jobs<strong><strong><strong><strong>:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

HR, Guide, Economy Blockchain Employment: Trends and Challenges (Part I)

<p>Exciting developments are unfolding in the current blockchain job market, despite challenges posed by the crypto bear market, and these developments are expected to shape future employment trends.<strong> Let's explore key highlights, including growth patterns, the rise of in-demand roles, and compensation dynamics in the cryptocurrency domain.</strong><br><br>💡 EmploymentTrends: According to<a href="http://www.works.so/?ref=p2p.org"> www.works.so</a>, an AI-driven Web3 work platform facilitating recruitment for companies like Microsoft and CISCO, <strong>there has been a significant uptick in global cryptocurrency adoption in 2023.</strong> India has surged ahead with 100 million cryptocurrency holders, surpassing the US by a considerable margin. Crypto employers are now in fierce competition to attract skilled talent for remote work, aligning with evolving customer expectations.</p><p>Meanwhile, sectors like Tech and Finance are proactively incorporating AI and Automation into their operations. <strong>According to reports by Fortune, Goldman Sachs foresees a worldwide reduction of 300 million jobs due to AI</strong>, bringing about an excess of available labour and a transition from an employee-driven market in past years to an employer-dominated market. In addition, amid ongoing geopolitical uncertainties, <strong>Venture Capitalists (VC) display reduced eagerness to invest, contributing to a widespread hiring freeze, particularly affecting startups striving to secure additional investment avenues.</strong></p><p>Despite encountering these challenges, the continuous expansion in acquiring crypto talent persists, even amid the pressures of a bear market, leading to an amplified demand for specialists in this field. However, the existing employment scenario is impacted by numerous factors:</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">📚 Lack of specialised crypto/blockchain education (with most specialists being self-taught).<br><br>🏛️ Difficulty in registering with local legal entities due to remote work specifics and wide distribution.<br><br>🌐 Initial hiring of employees as contractors/consultants in various jurisdictions, posing challenges for back-office functions like HR, Legal Compliance and Accounting, in effectively managing compensation, tax and talent management.</div></div><p><br><br>On a positive note, MFAANG Big Tech companies are encouraging their workforce to return to the office and with AI and Automation posing threats to traditional jobs, the Crypto industry is becoming an attractive option for talent seeking refuge from office return mandates.</p><p>As we navigate these complex dynamics within the blockchain job market, it's clear that the industry is not just facing challenges but also presenting new opportunities. <strong>In the next part of our exploration, we will delve deeper into the specifics of compensation and benefits in this evolving sector.</strong></p><h2 id="contact-us">Contact Us:</h2><p>Please read our previous HR Guide <a href="https://p2p.org/economy/shaping-onboarding-for-a-remote-distributed-team-p2p-orgs-practical-experience/">here</a> and <a href="https://p2p.org/economy/navigating-the-landscape-of-crypto-compensation-and-benefits-part-1/">Navigating the Landscape of Crypto Compensation and Benefits (Part 1)</a> &amp; <a href="https://p2p.org/economy/ghost/#/editor/post/657c60adbb026f00011df943">Navigating the Landscape of Crypto Compensation and Benefits (Part 2)</a>. You will discover our practical tips and recommendations based on our experience, mistakes, and successes in our journey, from 35 employees in 2021 to 145 people across 37 countries in 2023.</p><hr><p><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or </em></em></em></em>check our career page at </em></em></em></em></em></em></em></em></em></em></em></em><a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a>.<br><br><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em>We are always open for communication.</em></em></em></em></em></em></em></em></em></em></em></em></em></em></em></em></p><hr><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Web:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Jobs<strong><strong><strong><strong>:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

HR, Guide Navigating the Landscape of Crypto Compensation and Benefits (Part 2)

<p>In <a href="https://p2p.org/economy/navigating-the-landscape-of-crypto-compensation-and-benefits-part-1/">Part 1</a>, we discussed how the crypto market differs from traditional IT, Fintech, and Tech sectors.<br><br>Now, we invite you to explore the world of crypto recruitment in greater depth. We will share insights into this dynamic industry's employment and compensation landscape.</p><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2023/12/Screenshot-2023-12-15-at-16.27.57.png" class="kg-image" alt loading="lazy" width="1638" height="852" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Screenshot-2023-12-15-at-16.27.57.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Screenshot-2023-12-15-at-16.27.57.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Screenshot-2023-12-15-at-16.27.57.png 1600w, https://p2p.org/economy/content/images/2023/12/Screenshot-2023-12-15-at-16.27.57.png 1638w" sizes="(min-width: 720px) 720px"><figcaption>Source: https://a16zcrypto.com/posts/article/state-of-crypto-report-2023/</figcaption></figure><p></p><h2 id="%F0%9F%92%BB-evolving-skill-requirements"><strong>💻 Evolving Skill Requirements:</strong></h2><p>Previously, individuals with administrative expertise in HR, Legal, and Finance could transition into roles within the crypto industry based on their tech experience. However, the <strong>current landscape demands a heightened level of specialization</strong> within these functions, necessitating candidates to possess in-depth knowledge of the #crypto industry. This includes understanding its unique language and discerning customer needs specific to the crypto space, which may differ significantly from other industries. The blockchain community remains tightly connected, and to seize opportunities and excel in this domain, one must actively engage and become an integral part of this close-knit community.</p><h2 id="%F0%9F%92%A1hiring-trends">💡#Hiring Trends:</h2><p>A noteworthy shift has occurred in the ever-evolving landscape of the #CryptoJobs market. Initially, it was a candidate-driven market, marked by a surplus of vacancies and a scarcity of qualified individuals. However, as investments dwindled, companies recalibrated their hiring strategies, emphasizing efficiency over quantity.</p><blockquote class="kg-blockquote-alt">efficiency over quantity</blockquote><p>The employment landscape witnessed further turbulence with the substantial layoff wave in 2022, mainly affecting tech giants like #Amazon #Google #Meta and #Microsoft. This wave had a ripple effect, impacting various roles, including engineers, and significantly altering the employment dynamics across the industry.</p><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2023/12/Screenshot-2023-12-15-at-16.25.24.png" class="kg-image" alt loading="lazy" width="2000" height="817" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Screenshot-2023-12-15-at-16.25.24.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Screenshot-2023-12-15-at-16.25.24.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Screenshot-2023-12-15-at-16.25.24.png 1600w, https://p2p.org/economy/content/images/2023/12/Screenshot-2023-12-15-at-16.25.24.png 2150w" sizes="(min-width: 720px) 720px"><figcaption>Source: https://layoffs.fyi</figcaption></figure><p></p><p>For companies and professionals alike, understanding these dynamics is paramount. The initial candidate-driven scenario has given way to a more balanced environment, with a surge in candidates entering the #crypto market. This shift necessitates a strategic approach for companies looking to hire professionals navigating the unique challenges and opportunities presented by the evolving crypto sector.<br><br>Companies are now tasked with not only seeking efficiency but also with distinguishing themselves in a market flooded with potential candidates. <strong>Professionals, on the other hand, need to strategically position themselves to stand out amidst the increased competition, leveraging their skills and expertise to align with the evolving needs of the industry.</strong></p><p>As the #CryptoJob market matures, staying informed about these trends becomes imperative.</p><p>Adapting to the changing dynamics will be essential for companies aiming to attract top #talent and for professionals seeking to thrive in this dynamic and competitive landscape. In an industry where candidate influx is on the rise, strategic insights into employment market trends are the compass guiding successful navigation.<br><br>As we explore these evolving employment dynamics, let's pivot our focus toward a deeper understanding of Compensation and Benefits, a critical factor shaping these trends.<br><br><strong>In our next C&amp;B post, we will delve into the intricate landscape of Compensation and benefits and discuss # EmploymentTrends even further!</strong></p><h2 id="contact-us"><strong>Contact Us:</strong></h2><p>Please read our previous HR Guide <a href="https://p2p.org/economy/shaping-onboarding-for-a-remote-distributed-team-p2p-orgs-practical-experience/">here</a> and <a href="https://p2p.org/economy/navigating-the-landscape-of-crypto-compensation-and-benefits-part-1/">Part 1</a>. You will discover our practical tips and recommendations based on our experience, mistakes, and successes in our journey, from 35 employees in 2021 to 145 people across 37 countries in 2023.</p><hr><p><em><em><em><em><em><em><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or </em></em>check our career page at </em></em></em></em></em></em><a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a>.<br><br><em><em><em><em><em><em><em><em>We are always open for communication.</em></em></em></em></em></em></em></em></p><hr><p><strong><strong><strong><strong><strong><strong><strong><strong>Web:</strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong><strong><strong><strong><strong><strong>Jobs<strong><strong>:</strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong><strong><strong><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong></strong></strong></strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><p><br><br></p><p><br></p><p><br><br></p><p></p>

Kamil Jakub Natil

from p2p validator

Navigating the Landscape of Crypto Compensation and Benefits (Part 1)

<p>The landscape of the crypto market is unique and distinct from traditional sectors such as IT Fintech and Tech. Several factors contribute to these distinctions, influencing how people are hired, compensated, and operated within the crypto domain.<br><br>In the coming weeks, we invite you to follow our posts, where we will take a deep dive into the dynamic world of crypto recruitment, sharing insights into the employment and compensation terrain.</p><h2 id="%F0%9F%91%A5-workforce">👥 Workforce:</h2><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">The cryptocurrency market exhibits distinct characteristics compared to traditional IT and Tech sectors, which impact talent acquisition, compensation, and employment practices within this domain.</div></div><p><strong><em>Decentralization and Digital Nomadism: </em></strong>The prevalence of remote and distributed teams is widespread in cryptocurrency. This presents a challenge when structuring compensation systems for global teams. Additionally, the general use of service contracts and digital nomadism further shape the landscape. Contracts often govern relationships, and team members may frequently change locations.<br><br><strong><em><strong>Employee Turnover Dynamics:</strong></em> </strong>It is noteworthy that the average tenure of employees within blockchain companies tends to be shorter than in traditional industries. Individuals in this field often switch jobs, make career decisions more swiftly, and exhibit a readiness for change.<br><br><strong><em>Distinctive Compensation Structure:</em></strong> The cryptocurrency industry embraces a broader use of options and token-based incentives, leading to a unique compensation structure. Compensation sizes are often inconsistent, as cryptocurrency companies typically do not participate in large-scale surveys. Moreover, salary data may exhibit more significant variability due to the influence of short-term factors.</p><p>These unique attributes make the crypto work environment dynamic and necessitate adaptability and innovation in talent management and compensation strategies.</p><h2 id="%F0%9F%93%9D-financial-planning">📝 Financial Planning:</h2><p>As revenues and earnings of projects are often in cryptocurrency and not in fiat currency, expenses are predominantly in fiat currency, with the markets being so volatile. The price of tokens can fluctuate several times in just a few days, and the income you generate might not be sufficient to cover expenses such as payroll and other personnel costs (the most significant expense in an organization, followed by infrastructure costs). Therefore, you might explore securing additional investment to cover these operational costs until your business matures.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><em>In summary, market fluctuations introduce unpredictability to financial planning, demanding continual flexibility and adaptability in your business strategy.</em></div></div><p>That’s all for today. Don’t miss our next posts, where we will delve into the intricate landscape of C&amp;B and talk further about hiring trends and employment trends.</p><h2 id="contact-us">Contact Us:</h2><p>Please read our previous HR Guide <a href="https://p2p.org/economy/shaping-onboarding-for-a-remote-distributed-team-p2p-orgs-practical-experience/">here</a>. You will discover our practical tips and recommendations based on our experience, mistakes, and successes in our journey, from 35 employees in 2021 to 145 people across 37 countries in 2023.</p><hr><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> or </em></em></em><em><em>check our career page at </em></em></em><a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a>.<br><br><em><em><em><em>We are always open for communication.</em></em></em></em></p><hr><p><strong><strong><strong><strong>Web:</strong></strong></strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong><strong><strong>Jobs</strong></strong><strong><strong><strong>:</strong></strong></strong></strong> <a href="https://p2p.org/careers?ref=p2p.org">https://p2p.org/careers</a></p><p><strong><strong><strong><strong>Twitter:</strong></strong></strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong><strong><strong>Telegram:</strong></strong></strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>

Kamil Jakub Natil

from p2p validator

Aptos, Staking, Guide Aptos (APT) staking guide

<h3 id="introduction-to-aptos-and-staking-apt">Introduction to Aptos and Staking APT</h3><p>Aptos is an innovative blockchain platform that has emerged as a significant player in the Web3 infrastructure. It is designed to address blockchain technology's typical challenges, such as frequent outages, high costs, low throughput, and security concerns. The Aptos blockchain is built with a focus on scalability, safety, reliability, and upgradeability, making it a robust foundation for deploying decentralized applications.</p><p>Key Features of Aptos:</p><ol><li><strong>Security with Move Language</strong>: Aptos natively integrates the Move language for secure and fast transaction execution. The Move prover, a formal verifier for smart contracts in Move, enhances security, allowing developers to protect their software effectively.</li><li><strong>Flexible Data Model</strong>: The blockchain supports flexible key management and hybrid custodial options. It ensures transaction transparency and offers a safer user experience.</li><li><strong>High Throughput and Low Latency</strong>: Aptos achieves this through a pipelined and modular approach in transaction processing, leveraging parallel execution and efficient use of hardware resources.</li><li><strong>Atomicity in Transactions</strong>: Unlike other blockchains, Aptos supports atomicity in complex transactions without requiring upfront knowledge of data access, simplifying development and enhancing performance.</li><li><strong>Modular Architecture and Upgrades</strong>: The design of Aptos supports frequent and instant upgrades, optimizing client flexibility and accommodating new Web3 use cases.</li><li><strong>Scalability Initiatives</strong>: Aptos is exploring advanced scalability solutions like internal sharding and state sharding to enhance throughput without adding complexity for node operators.</li></ol><p>Staking APT, the native token of Aptos, involves participating in the network's security and governance by locking tokens with validators. This guide provides a step-by-step process for staking APT, helping you contribute to the network's robustness while potentially earning rewards.</p><p>For more detailed information about Aptos, you can refer to their <a href="https://aptosfoundation.org/whitepaper?ref=p2p.org">whitepaper</a>.</p><h2 id="step-by-step-guide">Step-by-step guide:<br></h2><p><strong>1. Visit the official Aptos explorer page:</strong><a href="https://explorer.aptoslabs.com/validators/delegation?network=mainnet&ref=p2p.org"><strong> </strong>https://explorer.aptoslabs.com/validators/delegation?network=mainnet</a><br><br><strong>2. Connect your wallet.</strong> To use the ledger - link it with Petra or Pontem using the official guide:<a href="https://support.ledger.com/hc/en-us/articles/7326502672285-Aptos-APT-?docs=true&ref=p2p.org"> https://support.ledger.com/hc/en-us/articles/7326502672285-Aptos-APT-?docs=true</a></p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/OiAap6zxDQyrfEM-7ZHNAc45wKpGv-llJsaz-oSd4iHuXPdJdzgF6cNnaiV5cDPt24LvE6Wv1YXgysyt7KExE7noD5OZn133DutbbDaYWdTpa6F2v-Ln1_Swyacj27RuhNKSP7911iZx3NTFcGwhvFM" class="kg-image" alt loading="lazy" width="516" height="320"></figure><p><strong>3. Visit a validators list and select a delegation node to stake with</strong>; they are public and open for anyone to use.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text"><strong>P2P’s node address:</strong><br><br>0x7273179d4e29d1ab9e3d16ea3c1ef8e9f3a42891b0b51b67d7d14c4444af56ff</div></div><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/8yvG7PZX5OZEmYml4teevKK1TUUbPggYxAiPIuHe4yvLkx6ym606-fSV_7vptv0TmBg4lb4AYe_8jTLl3Qx8gXXw3H_AB4QIP_JVSkVsDIx2dWh4elLLySFd0Z6pBZG4lWYrvS_1wMC1kRtsomysS6w" class="kg-image" alt loading="lazy" width="602" height="376"></figure><p><strong>4. Press "stake".</strong></p><p><strong>P2P's validator page: </strong><a href="https://explorer.aptoslabs.com/validator/0x7273179d4e29d1ab9e3d16ea3c1ef8e9f3a42891b0b51b67d7d14c4444af56ff?network=mainnet&ref=p2p.org" rel="noopener noreferrer">https://explorer.aptoslabs.com/validator/0x7273179d4e29d1ab9e3d16ea3c1ef8e9f3a42891b0b51b67d7d14c4444af56ff?network=mainnet</a></p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/lQcHa4Lfy1wPg3n9KN54tnihDYn1TVKVKiYUTZ7qT1HV7997yCggmo1w_QT8ix423BBnYmjCxA-JGx3u6eWApmNwniyVopPoUM3-uZU3dZSJFO0MaH4ppKurWaLX1bwy1jnI2BLvsMabsENhgUU0-Ws" class="kg-image" alt loading="lazy" width="602" height="376"></figure><p><strong>5. Choose the amount and press "deposit".</strong></p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/iVCZf-PfbHXZQfONiMrjuc4fOIwvKSd92_0VuKM4POs9VKFUAfeArAgznPhyomZyN_xD3iI32TkMoLjdjVgJvumOCcXIWFh-llAcyzcnUO9HDmob7vyfGvBVC_cYgPns4Fx8j_Y4Q3dccGyGBNnCyjs" class="kg-image" alt loading="lazy" width="520" height="324"></figure><p><strong>6. You will see the confirmation message.</strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/AptosBlured.jpg" class="kg-image" alt loading="lazy" width="1600" height="958" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/AptosBlured.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/AptosBlured.jpg 1000w, https://p2p.org/economy/content/images/2023/12/AptosBlured.jpg 1600w" sizes="(min-width: 720px) 720px"></figure><p><strong>7. you will see your delegation on your validator's page once everything is set.</strong></p><figure class="kg-card kg-image-card"><img src="https://lh7-us.googleusercontent.com/2l8K9oXSF6yjWRuc3eg0IBo9YGrr-bMaQihCcdREmgoO9neQe80oGoPpOvl7AWDqLnQ6lIQmoFPy5BxSaHAh4wDZUKcA_NWqBB1lSw7Qdrix18am_VB4fZrVOoyBnAM5EcgqcTd-KYSfhTNzPSQyYr0" class="kg-image" alt loading="lazy" width="602" height="376"></figure><h2 id="about-us">About Us:</h2><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.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex</em>ander<em> </em>via </em><a href="mailto:[email protected]" rel="noopener noreferrer">[email protected]</a><em><em>.</em></em><br><br><em><em>We are always open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong><strong>Stake </strong>APT<strong> with us:</strong></strong> <a href="https://p2p.org/aptos?ref=p2p.org">https://p2p.org/aptos</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><p><br><br></p><p><br></p><p><br><br></p><p><br><br></p><p><br><br></p>

Kamil Jakub Natil

from p2p validator

HR, Guide Shaping Onboarding for a Remote Distributed Team: P2P.org's Practical Experience

<div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">In this article, we want to share practical tips and recommendations based on our experience, mistakes, and successes in our journey from 35 employees in 2021 to 145 people across 37 countries in 2023.</div></div><p>We will discuss the challenges we encountered as our team grew and became more distributed, the valuable lessons we learned, and the practical steps we took to improve our onboarding process, making it smooth, effective, and productive for everyone.<br></p><h2 id="getting-started-why-onboarding-matters"><strong>Getting Started: Why Onboarding Matters</strong></h2><p>Before we proceed further, let's pause and consider a fundamental question:</p><blockquote class="kg-blockquote-alt">What is the purpose of the onboarding process?</blockquote><p>In summary, it can be distilled as follows: to establish a strong foundation for the long-term success of new employees, assist them in assimilating into the workplace culture, reaffirm their decision to accept the job offer, expedite their journey to productivity, and have a lasting impact on employee retention.</p><p>Every onboarding process follows common developmental principles throughout its lifecycle. The critical question is how effective your process is at these stages and whether the objectives of each stage are being met.</p><p>Now, let's outline each of these steps:</p><ul><li>Pre-Boarding. First Touch with Company Procedures, Paperwork, and Pre-Start Setup.</li><li>First Day. Forming the First Impression of Company Culture Through Welcome.</li><li>First 7 Days. Orientation and Goals of the First Week.</li><li>First 30 Days. Goals Alignment and Team Integration.</li><li>First 60 Days. Collaboration and Skill Development.</li><li>First 90 Days. Assessment of Achievements and Future Outlook.</li><li>Further Development. Independence and Continuous Growth.</li></ul><p>Each step progressively lays the foundation for integrating a new team member into processes, the cultural environment, role understanding, goals, and expectations.</p><p>The success at the start and effectiveness in the future depends on the quality of each of these steps.<br></p><h2 id="okay-the-importance-of-onboarding-is-evident-but-what-does-it-have-to-do-with-distributed-teams"><strong>Okay. The importance of onboarding is evident. But what does it have to do with distributed teams?</strong></h2><p>We won't dwell on why onboarding is generally important and how critical it is not to fail this stage. But what is the uniqueness of building the process for distributed teams?</p><p>The answer is simple:</p><blockquote class="kg-blockquote-alt"><strong><em>For new remote-distributed employees, things are a bit different.</em></strong></blockquote><p>Think about it. A new remote team member often has to handle document preparation processes and thousands of paper details on their own. They can't just "go to the HR office." When (and if) this is done, they play the role of a sysadmin, trying to set up their equipment and deal with a thousand access points independently. And then, at this stage, they finally meet the team on a Zoom call but can't continue this acquaintance in the hallway or over lunch. All they have access to are avatars in Slack. In addition, they can't observe how the team behaves and what jokes they like, and it's more challenging for them to adapt.</p><p>When asking any questions, they face a delay in explanations caused by asynchronous communication. When they finally get them, it often looks like "study 150 pages of our wiki" or "Here's the instruction, figure it out." And the discouraged newcomer, hesitating to look foolish, becomes overwhelmed with information and confused. And while trying to understand the goals and expectations of their role, they often experience a lack of context. It's not a very pleasant story. But this is precisely how a new employee's experience in a distributed remote team can look if the onboarding process is not designed with the peculiarities of this environment in mind. We will share how to build it and our experience in the following sections.<br></p><h2 id="now-about-our-experience-at-p2porg"><strong>Now, about our experience at</strong><a href="http://p2p.org/?ref=p2p.org"><strong> P2P.org</strong></a></h2><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">A bit about us. We are an international company with 145 employees working from 37 countries worldwide.</div></div><p>Like many companies that will find our material valuable, we operate in different time zones and entirely remotely. But several challenges are unique or specific to us:</p><p><strong>1) Geographic Diversity</strong> - We aren't just distributed; we work with people from various parts of the world.</p><p><strong>2) Language and Cultural Aspects</strong> - We use English as the standard language for corporate communication. However, our team members come from diverse language backgrounds, including Korean, Czech, Russian, and Indian, representing both Western and Eastern cultures.</p><p><strong>3) Rapid Growth Pace</strong> - We are an example of a rapidly growing company. From 35 employees in 2021, we grew to 100 in 2022, and now we have 145 employees in 2023. These numbers do not include our projects, which have grown with us and have become autonomous.</p><p><strong>4) Technically Complex Domain</strong> - The crypto domain is technically challenging and unique due to the rapid evolution of technologies and industries and the constant obsolescence of knowledge.<br></p><h1 id="chapter-1-onboarding-from-ground-zero-to-mvp"><strong>Chapter 1: Onboarding from Ground Zero to MVP</strong></h1><p>So, how did our onboarding journey begin?</p><p>Onboarding is one of our company's most mature and refined processes, but it evolved from scratch through iterations.</p><p><strong>It all started with the need to grow from 35 employees to 100 within just one year. </strong>We assessed our hiring capabilities and realized we were up to the task. But what about the subsequent process?</p><p>It was at ground zero.</p><p>Our only communication channel was Slack, and we didn't use any visual organizational charts or clear action guides for new team members. Imagine the bewilderment of a new team member who gained access on the first day and had to ask questions and try to navigate independently. It was like a tough scout school.</p><p>This became the catalyst for us to start developing the onboarding process.</p><p>We decided to approach its creation as if we were building any other product – by focusing on our users and conducting interviews with them.</p><p>We identified the key stages of the lifecycle by analyzing an employee's journey from the moment they accept the offer to the end of their probationary period. <em>(Later, these were revised, leading to the list we provided at the beginning of the article, but more on that later).</em></p><blockquote>1. Pre-boarding<br><br>2. The first day<br><br>3. The first working month<br><br>4. Completion of the probation period</blockquote><p><strong>For each of these stages, we compiled a list of pain points.</strong></p><p>The majority of these pain points were found in pre-boarding. An unclear onboarding process, extended time frames between stages, lack of navigation, and the need to ask a thousand questions about the next steps. We focused on resolving these issues in our initial iteration.<br></p><h2 id="step-1-creating-a-step-by-step-pre-boarding-guide-for-employees"><strong>Step 1: Creating a Step-by-Step Pre-Boarding Guide for Employees</strong></h2><p>It took us some effort to break down this part of the process into steps and define roles and responsibilities. Additionally, <strong>we spent some time creating a process board in Notion and formatting the process into a checklist for employees.</strong></p><p><strong>Now, the employee's journey began with access to this step-by-step guid</strong>e, and for the first time, we heard positive feedback regarding our pre-boarding and navigation. Starting from document collection, signing NDAs, and ending with contract signing, our process began to function like a conveyor belt, with each function having its designated segment and SLA, whether it was HR, Legal, or Finance.</p><p>This was a significant improvement, but we knew it wasn't enough. Understanding procedures and roles is one thing, but in a distributed team, it's essential to have a unified entry point to the corporate wiki, efficient and without delays, to gain access and familiarize oneself with rituals, policies, and processes. This gave rise to a backlog of tasks for the next iteration of our onboarding development.<br></p><h2 id="step-2-creating-a-unified-company-wiki-and-handbook-prototype"><strong>Step 2: Creating a Unified Company Wiki and Handbook Prototype</strong></h2><p>In this iteration, <strong>we gathered existing company documents, knowledge bases, and procedures into a handbook</strong>, dividing it into logical sections.</p><p><strong>Now, the pre-boarding process for employees included familiarizing themselves with the handbook</strong>, where they could find schedules for team meetings, a list of benefits and the process for obtaining them, and a list of systems and their owners. Notably, it also included knowledge bases from our ecosystem.</p><p>This step allowed us to make significant progress in navigation, benefiting new employees and team leaders, as we included answers to inevitable questions in the onboarding guide.<br></p><h2 id="step-3-scaling-and-automation"><strong>Step 3: Scaling and Automation</strong></h2><p>So, we found ourselves at a point where we had created conditions for a reasonably smooth adaptation process. However, there was one drawback – manual processes. As you may recall, from the beginning of our story, we grew by 70 people in one year. Our newly established conveyor of processes started to malfunction under the weight of the workload.</p><p>This led us to the necessity of automation. Firstly, we identified the most time-consuming manual processes, such as handling requests for equipment and document flow.</p><p>At this stage, we could automate equipment requests by creating simple tickets for the performers. It made the process significantly more manageable. Over time, the request management system evolved into a full-fledged service desk portal. Still, at the outset, we used the most straightforward and most accessible tools, guided by one principle – the <strong>one-stop-shop service</strong>. In other words, creating employee requests through a single window with subsequent routing.<br></p><h2 id="step-4-introduction-of-the-people-partner-role"><strong>Step 4: Introduction of the People Partner Role</strong></h2><p>Now, our new employees are entering the workforce well-prepared and ready for their tasks. However, a new set of challenges emerged at this stage - building relationships and cultural integration. We were growing rapidly and couldn't keep up with building relationships and immersing our new hires in our culture. What's important is that, at this pace, we couldn't simply delegate this task to team leads and the team. They were all feeling overwhelmed.</p><p>That's when the role of People Partner emerged, responsible for the people experience from the moment an offer was accepted until the end of the probationary period (now extending throughout the employee's journey, up to the exit interview).</p><p>What improvements did the introduction of this role bring to onboarding?</p><ol><li>Accompaniment and progress monitoring at all stages of onboarding. We could immediately identify difficulties and assist.</li><li>The presence of a "buddy" for safe communication. No one hesitated to ask the People Partner a thousand obvious questions.</li><li>Analysis of the employee's experience through probation meetings. People Partners conducted regular 1-1 meetings with each new employee to assess the quality of their onboarding. The notes from these meetings allowed us to analyze and implement improvements based on feedback.</li><li>Introduction of new employees to the entire company. The People Partner gathered information about each new team member, including their experience, hobbies, and interesting facts. On the day they joined, a Slack post would welcome them. We always knew we were hiring unique specialists and professionals, but with the introduction of celebrations for new faces, we learned how talented, vibrant, and diverse they indeed were. Team members had more reasons to build informal connections, which was a significant victory.<br></li></ol><h1 id="chapter-2-from-process-efficiency-to-business-effectiveness">Chapter 2: From Process Efficiency to Business Effectiveness</h1><p>Drawing parallels between creating the onboarding process and developing a product, we could say <strong>we had successfully implemented an MVP at this stage</strong>.</p><p>The process was working and delivering value.</p><p>By this point, several significant changes had taken place. Internally, we reached our headcount target (<em>100 employees</em>), moving from rapid expansion to the stage of structuring and establishing the company (which also meant a growth crisis).</p><p>We expanded into new hiring regions, introducing unique cultural nuances and more excellent distribution.</p><p>Externally, there were political upheavals in 22, leading to talent migration and eventually a severe industry crisis, marking the onset of the crypto winter.</p><p>These changes were so profound that they impacted the market as a whole, our team, and our approach to doing business.</p><p><strong>Like many companies facing a bear market, we needed to focus on efficiency and business results, ensuring the company's resilience.</strong></p><p>Therefore, we had to adapt our processes to this new reality.<br></p><h2 id="step-5-setting-the-expectations-right"><strong>Step 5: Setting the Expectations Right</strong></h2><p>So, we decided to address the pains that were affecting not only the employee experience but also the business as a whole. We made an unpleasant discovery:</p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">goal-setting during the probationary period didn't always happen formally, promptly, in a structured manner, or transparently.</div></div><p>This led to the development of the goal-setting control process.<br><br>We started with simple ticket automation for tracking deadlines, ensuring that the problem wasn't technical in nature but rather related to the essence of goal-setting.</p><p>Initially, we gathered statistics on the average time it took for a new hire to receive their goals. Then, we conducted a fundamental analysis of their quality, looking for specific indicators, deadlines, and alignment with team goals.</p><p>This allowed us to train team leads and hiring managers on effective goal-setting and so somewhat jump-started the process.</p><p>We then included goal-setting with a team lead as one of the tasks in the new hire's onboarding process, making them a proactive participant. Perhaps this was the most effective component.</p><p>Over time, our goal-setting process evolved, but more on that later.</p><p>At this point, we observed a mature process with clear pre-boarding, goal-setting, quality control, and experience monitoring at all stages. This was inspiring and uplifting for us.<br></p><h2 id="step-6-team-culture-integration-check"><strong>Step 6: Team &amp; Culture Integration Check</strong></h2><p>As you might have guessed from the previous part, <strong>many insights about the onboarding process came from employees and team leads through Probation Meetings and probation-end feedback</strong>.</p><p>We were pretty satisfied with the process at this stage, but one aspect still required attention.</p><p>At the beginning of 2023, we introduced the company's values, integrated them into the hiring process, selected ambassadors, and recognized achievements.</p><p>For us, it became critically important to consider not only key onboarding success indicators but also the factor of cultural fit with the team and alignment with our values.</p><p>However, our process only had a 90-degree view - the employee's experience and the feedback from the team lead.</p><p>So, <strong>we turned to the 30-60-90 days practice</strong> and implemented it as follows.</p><p>Before meeting with the employee at the 30, 60, and 90-day marks, the team lead receives feedback from the team. This feedback allows them to assess employees' alignment with our values, culture, and team integration.</p><p>What did this achieve? Our view became broader, and the assessment became more timely. It's better to adjust goal-setting or cultural fit with the team at an early stage.<br></p><h1 id="chapter-3-where-we-are-now-and-a-glimpse-into-the-future"><strong>Chapter 3: Where We Are Now and a Glimpse into the Future</strong></h1><p>We've arrived at the concluding chapter of our story. It's time to share what our onboarding process looks like now, the successes we've achieved, and our plans for the future.</p><h3 id="so-our-current-process"><strong>So, our current process:</strong></h3><ul><li><strong>Pre-Boarding</strong>: Every new employee is accompanied by a People Partner through the paperwork process and follows a step-by-step onboarding plan we've implemented in Notion. From the company's side, the process is automated in Jira.</li><li><strong>First Day</strong>: On the first day, we publish news and a self-introduction of the new team members, welcoming them to the general Slack channel. Additionally, they meet the team and have a 1-1 session with the team lead. A digest email with navigation and access information is sent to the new team member's inbox.</li><li><strong>First 7 Days</strong>: At this stage, the new team member is ready to set goals for the probationary period. The People Partner's role is to assist with any questions at this stage and ensure the process continues smoothly.</li><li><strong>First 30 Days</strong>: The first goal alignment session involves the team lead and an HR representative (typically the recruiter who hired the employee). Feedback from the employee and team members is reviewed, and adjustments are made if necessary. During the first month, the People Partner also conducts a 1-1 meeting to assess onboarding quality from the new team member's perspective.</li><li><strong>First 60 Days</strong>: This is an intermediate checkpoint similar to the first meeting, but the focus here is on goals. There's still a month ahead, providing time to address any difficulties.</li><li><strong>First 90 Days</strong>: Here, the final results are discussed, achievements are evaluated, and the success of the probationary period is assessed. At this stage, we know we're ready to move forward together with a solid foundation for work.<br></li></ul><h2 id="our-current-status-and-future-roadmap"><strong>Our Current Status and Future Roadmap</strong></h2><p>What have these improvements resulted in? It's time to provide insights into our current status, the metrics we are measuring, and our vision for future development.</p><ol><li><strong>Low Early Voluntary Churn (During Probationary Period)</strong>. For example, in 2023, this indicator was 0.8%.</li><li><strong>Efficient Pre-Boarding Process</strong>. Signing an NDA takes 1-2 days with an SLA of 48 hours, and the contract takes 72 hours.</li><li><strong>Reduced Time-to-Proficiency</strong>. 100% of employees complete pre-boarding by day 1, are informed about basic processes, and are ready to work. 100% of new team members have their goals set within the first 2 weeks of work.</li><li><strong>Time and Resource Savings</strong>: We've reduced the time team leads spend on adaptation and navigation.</li><li><strong>Employee Satisfaction</strong>: Over 95% of employees currently rate the process as "excellent."<br></li></ol><h2 id="our-plans-for-the-future"><strong>Our Plans for the Future</strong></h2><ol><li><strong>Improving the Quality and Structure of Feedback.</strong></li></ol><p>No matter how well the process works, feedback is always a creative and thoughtful part that requires continuous development through reflection. What message are we conveying with our feedback? What intentions do we want to share?</p><p>2. <strong>Probation Feedback as a Performance Management Component.</strong></p><p>We want to integrate feedback on probation goals with the company's overall performance management cycle. From an employee's lifecycle perspective, onboarding is not a standalone part but the beginning of the employee journey map.<br></p><h1 id="conclusion-and-takeaways"><strong>Conclusion and Takeaways</strong></h1><ol><li><strong>Identify Your Internal Customers Groups and Who You're Striving to Deliver Key Value.</strong></li></ol><p>In almost all cases, these will be new employees as one group, team leaders as the second, and HR+back office as the third. In our story, we focused on the first two, but it might be different in your case.</p><p>2. <strong>Invest in Pre-Onboarding Development; These Investments Will Pay Off.</strong></p><p>Pre-onboarding quality will determine who joins you on their first working day—someone confused and unsure of how to set up email or an informed and fully prepared professional.</p><p>3. <strong>Transparency of Goals and Expectations is the Foundation of Long-term Commitments.</strong></p><p>We expect commitment to the cause from people, but how can we expect that if we ourselves don't know what success looks like? Show employees the company's goals, team goals, and what personal contribution you expect from them.</p><p>4. <strong>Technology Matters, but It Doesn't Replace People.</strong></p><p>Regardless of how technologically advanced your process is, replacing human support in the first few days is challenging. The People Partner plays this crucial role in our company, but in others, it may be someone else. It's essential to understand that human support is critical at this stage.</p><p>5. <strong>Observation and Timeliness.</strong></p><p>Resources are too valuable to discover that something went wrong after 90 days. It's crucial to monitor and promptly respond to any deviations. Monitoring goal achievement, team alignment, and alignment with values can be aided by the 30-60-90 approach.<br></p><h2 id="the-overall-message"><strong>The Overall Message?</strong></h2><div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Use an iterative process. Start with something simple, actively seek feedback, analyze, and then refine.</div></div><p>This strategy allows you to tailor the onboarding process to fit your team's specific needs and culture. We hope our experience and ideas will serve as a source of inspiration and guidance in your onboarding efforts, demonstrating that continuous improvement is the key to a genuinely practical and enriching onboarding experience.</p>

Kamil Jakub Natil

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