As part of our ongoing effort to support Institutional demand and the needs of large ETH stakers, P2P.org has developed a new smart contract that allows true large scale stake of up to 12,800 ETH in a single transaction. (you can find the audit report by @MixBytes here).
This groundbreaking technology is just one of the many pillars supporting our innovative non-custodial staking platform. It allows users to have set fees agreed upon before you stake via MetaMask, Ledger & Safe. This new feature allows true institutional staking without boundaries.
Breaking the industry norms which currently only allows a user to stake up to 3,200 ETH from a wallet in a single transaction.
We received tens of questions about the purpose of the 3200 $ETH limitation. At that moment, we realized how inconvenient that standard was. It needed to be fixed. The service is meant to be simple and user-friendly!
Imagine: You want to stake 12 thousand ETH and you used to have to make 3 transactions. You pay for gas. Plus, it is especially inconvenient if you have multisig. Less transactions - better. It's easy to make mistakes and lose money when you're signing the fifth transaction in a row
We have solved these problems. Now we have truly institutional stake feature. 12k ETH per one transaction. One click staking. It should be as simple as that.
But truly institutional staking means something else. It’s big. True. But it’s SIMPLE AND FAIR, too!
Unlike others, we won't overcharge you as your Ethereum rewards grow. Our fee is precisely agreed upon, on-chain. You won't be overpaying and it allows you to stake confidently with all the clarity.
Context: There are two revenue streams in Ethereum, consensus rewards for performing validators duties like attestations and execution rewards for proposing blocks (the last one part includes MEV as well). And popular approach nowadays is to place proxy smart contract witch accumulates executions layer rewards (EL) and charge some % - like 25-35% from EL rewards. It's simple one.
BUT proportion between CL / EL rewards isn't stable. Our research shows that while you paying 30% from EL it quals 8% from total rewards in average. BUT since you may be lucky and get more blocks to create / large MEV you are at risk to be overcharged and pay up to 10-11% fee from total rewards.
That's not fair! It's difficult to choose the staking option while you don't know which exact conditions you are agree on. 8% or 11%?
So we created the oracle that knows how many CL rewards you got and calculate how many $eth we should charge you from El rewards in order to get exact % from total rewards. With P2P you will pay exact percent we agreed on. No less, no more.
You need this type of convenience and safety when staking large amounts of $ETH!
We've reimagined large-scale ETH staking, simplifying the process and offering considerable savings in both time and money.
Where others might vary their fees or give complex conditions, we stick to clarity and transparency. Our smart contract ensures that the exact % agreed upon is charged from your rewards. No hidden fees. No ambiguity. Only absolute transparency.
How P2P.org is simplifying Institutional staking
For our users, you can now manage and stake upto 12,800 ETH within one single session, providing a seamless user experience. You'll also notice enhanced functionalities, accommodating the 12.8k ETH deposit smart contract, ensuring a smoother user experience.
Additionally, our personalized dashboard is crafted with the user in mind, centralizing all vital data in an intuitive interface, making asset management truly effortless. Moreover, our comprehensive reporting capabilities let you delve deep into your staking history. Track rewards, assess strategies, and glean insights using a multitude of data points, ensuring you're always in the driver's seat of your digital journey.
At P2P.org, we remain committed to ensuring true ownership of a user's digital assets and providing users with a genuine decentralized non-custodial staking experience. With this in mind, we always aim to be ahead of the curve, bringing innovative solutions and products to our ever-growing platform. With the introduction of our new smart contract, we've taken a significant step in ensuring that institutional staking is efficient and user-friendly.
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<h3 id="why-should-you-migrate">Why should you migrate?</h3><p>The Graph has decided to move the protocol to Arbitrum since gas fees are smaller for all operations there, including delegating & claiming query fees.</p><p>Many query fees on Ethereum remained unclaimed as it was more expensive to claim than their value. As it is cheaper to claim them, delegators will finally have additional revenue to their stake with indexers.</p><h3 id="what-is-the-migration-schedule">What is the migration schedule?</h3><p>At the moment of writing, 5% of the total rewards of the protocol issuance happens on Arbitrum, while 95% of the rewards are still being distributed on Ethereum.</p><p>Sometime around September 10th, a shift to 25% / 75% distribution is expected.</p><p>If everything goes well, 2-4 weeks after that, the distribution will be changed to 50%/50%.</p><p>As soon as enough stake will migrate to Arbitrum, the distribution will change to 95% Arbitrum / 5% Ethereum.</p><h3 id="when-is-it-better-to-move-your-delegation">When is it better to move your delegation?</h3><p>We have prepared a dashboard to help you make data-driven decisions and maximize your revenue during migration.<br><br><a href="https://reports.p2p.org/superset/dashboard/153?ref=p2p.org">https://reports.p2p.org/superset/dashboard/153</a></p><p>We have prepared the best date for you to start the process on this dashboard.<br></p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/qUGx-xI_6MnHMqd4G5ckGvDX6uARjJQtN-YD_QivM-Cb-KteAGwpx6n-RPXY_PE_nJLddxTQbX4bduqsUP8qE9n4OT2BLarTN4LtblrZFiKWb9Gkj6eWdWMy-NaLXLEbnPAKtrjSUYKmovoXwPz3FLA" class="kg-image" alt loading="lazy" width="602" height="104"></figure><h3 id="how-was-this-date-picked">How was this date picked?</h3><p>Below the dates, you can see our currently opened allocations on both indexers. You get your rewards when we close those allocations. So, if the allocation is open for 20 days, those rewards are stored on the smart contract, and when we close the allocations, the rewards for these 20 days are assigned to your address. The recommended days are when you get most of the rewards from L1, thus making you ready to move to L2.</p><h3 id="will-my-unclaimed-rewards-be-transferred-as-well">Will my unclaimed rewards be transferred as well?</h3><p>Yes.</p><h3 id="how-can-you-start-the-migration-process">How can you start the migration process?</h3><ol><li>Go to <a href="https://thegraph.com/explorer?ref=p2p.org">https://thegraph.com/explorer</a> and connect the wallet with your current delegation in the top right corner.</li><li>Expand the menu in the top right corner and click on the overview button to look at the general stats of your activity within The Graph.</li><li>There, you will see a notification that gives you an option to start the migration process</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/14C-CDwh80UFsHSiO3MOV9lrdpjuPSOhdUmY7pFe7pQwDKjMoerTcWP-szx0KdIazxtgGnVkRoqZhM5aTs7U7QzoDO-MhNMTT0kVtYMbgQrHVZcAA8ur09tsfRunqGeJNj57axOBLbmoeMAgV0Yf-Fw" class="kg-image" alt loading="lazy" width="602" height="220"></figure><p>4. Click on the Transfer Delegation button. You will end up on this page:</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/QAx84LQZXVPlUVw9-j1a6q_xVv57os8qvZg8NrrzXnybM4PBbWeTPZC80xb3KtVdPEy-W3X5tnFzpHBiw2Vwlv0FypEXFkYUgM6w9mOPWuiwYxUxShMfy0ca4QoATOVJVu1ATS_hsKGnxBfbJ4O7Qk4" class="kg-image" alt loading="lazy" width="602" height="383"></figure><p>5. The Receiving Arbitrum One Wallet Address will be pre-filled with the same address as your current Ethereum wallet.</p><p>a) Make sure that you control that Arbitrum address!<br>If that is an EOA (a common wallet labeled as “Address” in etherscan), you are good to go unless you want to specify another wallet address.</p><p><strong>b) <strong><strong>IF YOU ARE USING SAFE OR OTHER SMART CONTRACT WALLET, THEN YOU PROBABLY NEED TO CHANGE THE ADDRESS IN THE RECEIVING ARBITRUM ONE WALLET ADDRESS</strong></strong></strong></p><p> ! Your Safe Wallet is a SMART CONTRACT! Thus, you most likely don’t control this contract address on Arbitrum. So, change this field to the address you control! It can be another Safe or smart contract wallet on Arbitrum and a regular EOA address, but make sure you own it!</p><p>6. It is better to send some ETH to this wallet address via the official Arbitrum bridge <a href="https://bridge.arbitrum.io/?ref=p2p.org">https://bridge.arbitrum.io</a> if you don’t have ETH there to pay for gas. <em>Optional</em>: To ensure you control this wallet, you can make some transactions there, no matter which. Remember that the migration process can not be reverted, so sending the tokens to an address you do not control will lose them!</p><p>7. Push the transfer delegation button. Your transfer will be initiated.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/MU3ceFGFV9DI_MDMwdSgBjzAQmSRux49rLytrVZwkvHopczlkRYwaKXAt6VES9v_x7kDP9kV3PaymD5XXtDkCD6Bn37D5WtLqRSJOi9t8CrKXDVFGGeIYAm7OeHfRbtM2wkJYzMJXHDFjDgtFD3VhhA" class="kg-image" alt loading="lazy" width="602" height="408"></figure><p><br>8. You will see the countdown appear. It is better to stay nearby as the network can have gas spikes, and some additional actions might appear on the left part of the screen. After the countdown reaches 0, the migration will be completed.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/HRE4texsUIJnS0Km0gVESmzpW2BsGn2PFq9RYSuupufPXwCnD4eknyVLY6XmXievJElDvHwWrXI77_1N7PM16dfU6DpWy9fFActnfu_Dbv0qai7lc7A-vFUa_kLNMECbhU0HtHoJk4rnnhfwQLCfzVw" class="kg-image" alt loading="lazy" width="602" height="332"></figure><p>There is also an official guide by The Graph Foundation with videos so that they might be helpful.<br><br>In any case, if you have any questions, feel free to ask them on our P2P telegram chat: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p><p>And remember, no one from P2P.org or The Graph Foundation will DM you first! It is better to verify the identity of any person talking to you in the official telegram chat.</p><p><br><br></p>
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<p>Since our inception, P2P Validator has been a staunch supporter of the Polkadot network, continuously striving to offer top-tier validation services. Our suite of developed products empowers nominators, making it convenient for them to manage their investments and gain insights into their staking returns.</p><p>Our commitment to the Polkadot network and its canary network, Kusama, remains strong, and we see immense long-term potential. However, as these networks grow and evolve, so do the challenges associated with maintaining their robustness.</p><p>To keep pace with these developments and ensure that we can sustainably deliver the quality and reliability you've come to expect, we will be implementing a fee revision.</p><p><strong>Upcoming Commission Rates from August 25, 2023:</strong></p><ul><li><strong>Polkadot (DOT)</strong>: Our commission will be adjusted to <strong>4.5%</strong>.</li><li><strong>Kusama (KSM)</strong>: Our commission will be set at <strong>15%</strong>.</li></ul><p>These modifications are essential for us to remain agile, enhance our services, and further contribute to the development of both the Polkadot and Kusama networks.</p><p>We understand that fee adjustments can raise concerns, and we assure you that this decision wasn't made lightly. It's a necessary step to ensure the continued excellence of our services and the prosperity of the Polkadot and Kusama networks as a whole.</p><p><strong>What's next for P2P Validator?</strong>The road ahead is filled with promise and challenges alike. With your unwavering support and our combined efforts, we are confident in accelerating the growth and capabilities of both networks.</p><p>A heartfelt thank you to all our nominators for your continuous backing and trust. Together, we'll forge ahead toward a brighter, more decentralized future!</p><p><strong>Exclusive Offer for 20,000+ DOT Holders</strong></p><p>For those who have staked 20,000 DOT or more, you can take advantage of our P2P rebalancing service. This tailored service not only ensures you're getting the most out of your stake but also outperforms with returns that are up to 20% higher than the network's average.</p><p>For a deeper dive into what we offer for Polkadot stakeholders, please visit <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a>.</p><p>Queries or thoughts? Our <strong><a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a></strong> is always open for conversations. We prioritize open communication and look forward to hearing from you.</p>
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