23rd July 2024 marked the exciting launch of Avail DA, who state they are the first modular data availability layer using validity proofs and data availability sampling. This innovation enables entire blockchain networks to scale efficiently and cost-effectively.
We have been working closely with Avail during all the testnet phases and we are excited to support it since day one.
We know some of you are looking forward to the @AvailProject launch.
For those who want to know what's Avail: We got you! đ«Ą
The Avail DA supports L2 solutions, RaaS providers, and blockchain developers by providing a robust, validity-proof-based DA layer optimized for ZK technology. This significantly reduces operational costs and enhances scalability for developers building on Avail DA.
About Avail:
Since late 2020, founders Anurag Arjun and Prabal Banerjee have been dedicated to creating trust-minimized systems. Avail has secured investments from notable entities like Peter Thielâs Founders Fund, Dragonfly, and the Cyber.fund. The project has partnered with industry leaders such as Arbitrum, Optimism, and Polygon, fostering a robust ecosystem.
Read their blog post for an in-depth understanding of Availâs vision for a unified Web3 blog post, or go to the comprehensive developer documentation available here.
Validator Network
The Avail network can support up to 1000 validators using an NPoS consensus mechanism, ensuring equitable reward distribution and enhanced decentralization. The rollout will start with a genesis set of validators.
P2P.org is proud to support Avail as a genesis validator and participate in all the testnet activities. That ensures we are the leaders, supported by strong technical expertise. We work closely with Avail Project on X: https://x.com/AvailProject, providing our audience with insightful pieces of information from its founder:
Are you ready for an exciting launch tomorrow? AVAIL is about to change the game with its MODULARITY, promising to solve the blockchain fragmentation problem!
During high demand for the Avail Goldberg Testnet, P2P.org demonstrated its commitment and capability by actively supporting Avail. We participated in the light nodes challenge and were one of only three external providers of RPC nodes.
đĄ
P2P.org successfully handled more than 30,000 simultaneous connections and processed over 100 million requests.
This strategic support played a vital role in ensuring the stability of the Avail Goldberg Testnet during a crucial phase of its operations.
Our team's efforts included deploying a proxy balancer that efficiently managed the load between several nodes:
đĄ
We significantly enhanced the network's capacity to handle over 300 million requests and maintain peak connectivity for 37,000 concurrent connections.
This technological prowess demonstrates P2P.orgâs capability in managing high-demand blockchain operations and shows our expertise in providing advanced infrastructure solutions.
Avail DA aims to be the cornerstone of a permissionless unification layer for Web3. This layer will facilitate cross-chain transactions through Avail Nexus and provide comprehensive shared security via Avail Fusion, paving the way for a unified future for decentralized applications.
Developers are encouraged to build on Avail DA using Ethereumâs top rollup stacks or explore beyond the EVM.
<p><strong>Welcome to our bi-weekly market recap at P2P.org, where we delve into the most impactful shifts happening in the crypto space.</strong> This edition explores the ever-evolving staking landscape, the Ethereum ecosystem, and Bitcoinâs latest staking developments. </p><p>Letâs dive into the highlights!</p><h3 id="ethereum-steady-validator-growth-amid-market-uncertainty"><strong>Ethereum: Steady Validator Growth Amid Market Uncertainty</strong></h3><p>Ethereum is holding steady! Over the past month, we saw a 1.49% growth in the total number of validators and staked amounts (source: <a href="http://beaconcha.in/?ref=p2p.org"><u>Beaconchain</u></a>). While this growth is consistent with previous months, itâs clear that price volatility and reduced validator rewards have slowed down the pace compared to earlier in the year. But hey, steady growth is still growth!</p><p>This isnât surprising, considering the broader marketâs recent behavior. In the last 14 days, <strong>the total market cap dropped from $2.3T to $2.03T</strong> (source: <a href="https://www.coingecko.com/?ref=p2p.org"><u>CoinGecko</u></a>). A dip like this often spooks the market, with concerns of a potential recession and uncertainty around the upcoming US elections driving institutional caution. High-risk assets like crypto felt the impact as investors hit the sell button.</p><p>Check out the chart below for a visual of Ethereum validator trends over time:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/09/6536.jpg" class="kg-image" alt loading="lazy" width="2000" height="908" srcset="https://p2p.org/economy/content/images/size/w600/2024/09/6536.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/09/6536.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/09/6536.jpg 1600w, https://p2p.org/economy/content/images/2024/09/6536.jpg 2000w" sizes="(min-width: 720px) 720px"></figure><h3 id="eigenlayer-and-restaking-airdrops-and-big-collaborations"><br><strong>EigenLayer and Restaking: Airdrops and Big Collaborations</strong></h3><p>Despite the shaky market, the <strong>past few weeks have been exciting for the</strong> <strong>Ethereum staking ecosystem</strong>. The main focus? Restaking. <strong>EigenLayer (EL)</strong> has announced a fresh round of $EIGEN airdrops to the community, distributing 86 million tokens, representing 5% of the total 1.67 billion $EIGEN supply. Even social media users can qualify for the airdropâa move that shows ELâs commitment to rewarding the community thatâs helping bolster its brand.</p><p>Original Eigen Foundation tweet: <a href="https://x.com/eigenfoundation/status/1831375846097219707?ref=p2p.org">https://x.com/eigenfoundation/status/1831375846097219707</a></p><p>In other big news, EigenLayer is partnering with <strong>Ethena and EtherFi</strong>, bringing the stablecoin <strong>USDe</strong> into the picture as a new restaking collateral asset. The <strong>adoption of ERC-20 tokens as collateral</strong> under the Symbiotic restaking protocol is a key differentiator, opening up the possibility for a much broader range of assets to be supported in the future. This move highlights Symbioticâs innovative approach and maybe a strategic response to its growing competition. EigenLayer's recent partnership with EtherFi could be seen as a defensive move against Symbiotic, which is already positioning itself ahead with the ability to use ERC-20 tokens as staking collateralâsomething that EigenLayer currently does not offer.</p><h3 id="bitcoin-staking-babylon%E2%80%99s-success-and-fierce-competition"><strong>Bitcoin Staking: Babylonâs Success and Fierce Competition</strong></h3><p>Things are heating up on the <strong>Bitcoin staking</strong> front<strong>,</strong> too. Babylonâs first-ever staking launch at the end of August was a huge successâ<strong>1,000 BTC</strong> was deposited in just four hours! With multiple large reserve tokens (LRTs) attracting a ton of BTC for the next round of staking, this momentum doesnât seem to be slowing down.</p><p>However, competition in the Bitcoin space is fierce, with protocols vying for attention and deposits. <strong>Lombard</strong> recently announced the ability to re-stake LBTC with <strong>Ether.fi</strong>, strengthening its position as a leading LRT in the Bitcoin ecosystem.</p><h3 id="closing-thoughts-the-road-ahead-for-crypto"><strong>Closing Thoughts: The Road Ahead for Crypto</strong></h3><p>August and September are historically bumpy months for crypto and the stock market, and this year has been no exception. Price discovery is a natural process, and while volatility can feel unsettling, it also presents opportunities for growth in the long run. With exciting developments like <strong>EigenLayerâs restaking advancements</strong> and <strong>Bitcoin stakingâs rapid expansion</strong>, weâre optimistic about whatâs to come.</p><p>Stay tuned for our following market recap, where weâll continue exploring the trends shaping the future of crypto!<br></p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, with $7B from over 10,000 delegators/nominators across different high-class networks. Developing the SaaB (Staking-as-a-business) model, we help networks, exchanges, custodians, and institutions build their staking products and create new revenue streams.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alessandro via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Read about SaaB:</strong> <a href="https://x.com/P2Pvalidator/status/1778388967940902972?ref=p2p.org">https://x.com/P2Pvalidator/status/1778388967940902972</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><p></p><p><br></p>
<p>This guide provides step-by-step instructions on setting up an account in the Avail network and staking AVAIL tokens using your account.</p><h3 id="understanding-ss58-format"><strong>Understanding SS58 Format:</strong></h3><ul><li><strong>What is SS58?</strong> SS58 is an address format Avail uses based on the Substrate framework that supports various blockchain solutions.</li><li><strong>Features</strong>: This format helps create shorter, more recognizable addresses. It includes a network-specific prefix, which adds a layer of security and helps in network identification.</li><li><strong>Security</strong>: Always ensure that the SS58 address matches the network you are interacting with to avoid cross-network errors or vulnerabilities.</li></ul><h3 id="creating-an-account">Creating an account</h3><p>To create an account, choose a trusted SS58-compatible wallet like <a href="https://www.subwallet.app/?ref=p2p.org">SubWallet</a> or <a href="https://www.talisman.xyz/?ref=p2p.org">Talisman</a> or use the Polkadot JS browser <a href="https://polkadot.js.org/extension/?ref=p2p.org">extension</a>.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">đ</div><div class="kg-callout-text"><b><strong style="white-space: pre-wrap;">Security tips:</strong></b> After creating your account, securely store your seed phrase. Please write it down on paper and store it in a secure location, such as a safe. Do not store it digitally to avoid the risk of digital theft.</div></div><h3 id="connect-account-to-avail-js-portal">Connect account to Avail JS portal</h3><p>Visit the <a href="hootsuit.com is an automated social media management tool that allows us to schedule and share content, monitor what people say about our brand and track performance. We also need it for consistent and periodical reporting." rel="noreferrer">Avail JS</a> portal using a Chrome browser. Upon connecting, your wallet will request authorization. Navigate to the 'Accounts' tab to view your account balance and details.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png" class="kg-image" alt="Screenshot 2024-04-16 at 12.32.44.png" loading="lazy" width="2000" height="695" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.18.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>The account should appear on the screen. This account will be your stash. You can have as many accounts as you like.</p><p>We will continue with a single account, but if there are multiple ones, the following creation process should be repeated for each one.</p><h3 id="bond-the-amount-of-avail-you-wish-to-stake">Bond the amount of AVAIL you wish to stake</h3><ol><li>Navigate to <em>Network -> Staking</em> and select the <em>Account</em> tab.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png" class="kg-image" alt loading="lazy" width="2000" height="400" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.51.29.png 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><ol start="2"><li>Choose the amount of AVAIL to bond for staking. Ensure that a minimum balance of 1 AVAIL is unbonded to cover transaction fees. Select your preferred method for receiving staking rewards: Stash account (increase the amount at stake); Stash account (do not increase the amount at stake); Specified payment account (send rewards to any 3rd party account).</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png" class="kg-image" alt loading="lazy" width="2000" height="849" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.53.47.png 2130w" sizes="(min-width: 720px) 720px"></figure><p><strong>We make payouts daily, so you won't need to pay a TX fee by yourself.</strong></p><p>We recommend assigning a staking proxy account. You should fund a separate account with 2-3 AVAIL and connect with your primary one to perform staking-related operations on behalf of your stash, like triggering payout or nominating a validator. A staking proxy has no access to the funds on the stash account.</p><ol start="3"><li>In the next window, select up to 16 validators with which you wish to stake. If you want to nominate P2P.org, search <a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.ORG</a> and select our validators from the list. We highly recommend selecting more than 1 validator to increase your chances of being eligible for rewards.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png" class="kg-image" alt loading="lazy" width="2000" height="878" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.14.png 2146w" sizes="(min-width: 720px) 720px"></figure><ol start="4"><li>Chosen validators will appear in the right column. Press Bond & <em>Nominate </em>to continue<em>.</em></li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png" class="kg-image" alt loading="lazy" width="2000" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.19.png 2134w" sizes="(min-width: 720px) 720px"></figure><ol start="5"><li>Sign the transaction</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png" class="kg-image" alt loading="lazy" width="2000" height="870" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.54.29.png 2148w" sizes="(min-width: 720px) 720px"></figure><ol start="6"><li>Your screen should be updated, and current nominations should appear in the <em>Account </em>tab. From here, you can manage your staking in the future.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png" class="kg-image" alt loading="lazy" width="2000" height="182" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.02.09.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>Staking will begin in the next era or two (24 - 48 hours). You will be able to track nominations from <em>Staking -> Account. </em>At least one nomination should become active, indicating that your stake is working in full and generating rewards.</p><p></p><h2 id="unbonding-funds">Unbonding funds</h2><ol><li>To start unbonding your funds, you must first express your desire to stop nominating. To stop the nomination, go to Network -> Staking, navigate to Account the tab, and select Stop.</li></ol><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">đĄ</div><div class="kg-callout-text">This only stops your nominations but does not unbond your funds. After you sign the TX, you need to continue with unbonding. </div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png" class="kg-image" alt loading="lazy" width="2000" height="165" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2018.03.15.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li>To start unbonding, tap on three dots, select <em>Unbodning funds</em>,<em> </em>and select how much you want to unbound after signing the tx. </li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png" class="kg-image" alt loading="lazy" width="2000" height="662" srcset="https://p2p.org/economy/content/images/size/w600/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 1600w, https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.55.14.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="3"><li>After signing the unbonding transaction, you will see the timer for your unbonding period. In Avail, it's 28 days. After that, your funds will be free and available to withdraw.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/07/Screenshot-202024-07-24-20at-2017.56.26.png" class="kg-image" alt loading="lazy" width="546" height="274"></figure><p>For more information about Avail staking, please refer to <a href="https://docs.availproject.org/docs/end-user-guide?ref=p2p.org" rel="noreferrer">the official documents</a>. </p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
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