Everything you need to know about Neon EVM

<p></p><p>P2P.org is thrilled to announce the release of our latest feature, the Staking API. </p><p>Our new product lets you kickstart robust staking solutions as part of your own product offering, backed with comprehensive analytical tools, providing unparalleled insights into staking activities and volumes. </p><p>Additionally, powerful dashboards, enriched with granular data, enabling informed decision-making and better strategies for your teams. These analytical capabilities simplify tax and financial obligations, ensuring compliance while keeping you on top of your staking strategy for your users. Let's jump into some of the key features.<br></p><p><strong>A Gateway to Robust Infrastructure</strong><br></p><p>P2P.org's Staking API isn't just a new feature to our already robust portfolio of tools and services. It's a gateway to a high-performance validator infrastructure for your business. Staking API offers a seamless avenue to stake assets on our industry leading platform.<br></p><p><strong>Unsurpassed Security</strong><br></p><p>Security is always our number one priority. We've designed the Staking API with security measures that surpass industry norms, stringent Service Level Agreements (SLAs), comprehensive slashing protection, and various insurance options. Additionally, we've gone a step further by creating a unique insurance bundle that combines traditional insurance policies, blockchain-based alternative insurance, and an internal P2P.org treasury fund, providing optimal protection for your stakes.<br></p><p><strong>Simplicity at Its Best</strong><br></p><p>Staking API is user-friendly and readily accessible, thanks to comprehensive documentation, multi-language code examples, and a straightforward workflow. We've taken extensive measures to simplify staking, enabling easy navigation of the DeFi ecosystem.<br></p><p>You can review the API documentation here: <a href="https://docs.p2p.org/docs?ref=p2p.org">https://docs.p2p.org/docs</a> <br></p><p><strong>Unparalleled Support</strong><br></p><p>We're committed to delivering excellent customer service at P2P.org. With dedicated private Telegram chat support and round-the-clock node monitoring, we're always here to assist you on your staking journey and integration requirements to get you set up with ease.<br></p><p><strong>Tailored Staking Strategies</strong><br></p><p>With our Staking API, you can customize your staking strategy to suit your unique needs. Advanced node configuration lets you define node requirements, location, MEV relay, and much more. This flexibility enables a personalized staking experience tailored to your preferences and helps you build a tailored staking strategy to meet regulatory needs in an ever changing environment.<br></p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/BjYDwz4hMQ8c1cAtVbZ64PoqjvWCsjCVOL883p9P52W0V0vW0LRoYfuoDF4zwox-5UPBVKfeNqURqlLi4zZo1UwWTIAAyGx9iGPFVszBgpNpnCEi_NKmItXC1D1pZlrGZr_nOwPEUiI7_mko_kqY-SA" class="kg-image" alt loading="lazy" width="568" height="358"></figure><p><strong>Comprehensive Analytical Tools</strong><br></p><p>In the age of big data, having comprehensive analytical tools at your fingertips can be a game-changer. Our Staking API delivers just that. Its insightful dashboard provides granular data about your staking activities and total volume, supported by real-time monitoring via our Data API. This powerful feature keeps you informed about the status of your assets at all times, allowing you to make data-driven decisions.<br></p><p><strong>Easy Integration for Greater Innovation</strong><br></p><p>For busy teams, time is always of the essence and a valuable commodity to any company. That's why we've designed our Staking API for quick and easy integration. Our thorough API documentation includes multiple code examples to expedite your integration process. Easy-to-follow guides allow your development team to get to grips with our integration requirements easily and efficiently.<br></p><p>Staking API isn't only about ease of use, it's also about flexibility. A single integration allows clients to streamline all their networks, saving substantial time and resources. This added convenience accelerates your product offering, letting you focus on business goals and growth.<br></p><p><strong>The Future of Staking</strong><br></p><p>Our mission is to propel a decentralized future, rooted in our conviction that custodians, wallets, and exchanges should not just observe, but actively participate in this transformational era for both crypto-native and traditional finance businesses. By providing a platform that opens a gateway to the immense potential of staking, we're enabling you to take a pivotal role in shaping the future of decentralized finance. With our Staking API, you can provide staking services to your customers, diversify your staking strategies, increase your revenue streams, and simplify integration processes across different networks.<br></p><p>With P2P.org's Staking API, we are elevating the staking space, providing an all in one solution that is powerful, secure, easy to use, and adaptable to your needs. We invite you to join us on this exciting journey as we continue to shape the future of staking, turning passion into performance at P2P.org. <br></p><p>To discover more, please book a demo with our team <a href="https://p2p.org/products/api?ref=p2p.org#contact-us">https://p2p.org/products/api#contact-us</a> <br><br><br><br></p>

<h3 id="eigen-layer-restaking-is-now-live"><br>Eigen Layer restaking is now live!</h3><p>EigenLayer has <a href="https://twitter.com/eigenlayer/status/1669065156427681792?s=20&ref=p2p.org">successfully launched</a> Stage 1 of their Mainnet. This is a significant milestone, and <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is happy to be a part of this historical moment as one of the EigenLayer <a href="https://www.blog.eigenlayer.xyz/eigenlayer-stage-1-mainnet-launch/?ref=p2p.org#:~:text=Dimitry%20Ukhanov%20%2D%20P2P">community multisig members</a>!</p><p>Restaking doesn't generate any rewards right now since the launch of Actively Validated Services (AVS) generating these rewards is planned for a later stage.</p><p>However, EigenLayer <a href="https://www.blog.eigenlayer.xyz/eigenlayer-mainnet-launch-benefits-of-early-restaking-2/?ref=p2p.org">highlights</a> that restaking early provides the earliest possible access to AVS rewards, as some services may cap their initial restake amounts.</p><p>EigenLayer was launched with initial usage limits of 3200 for stETH, rETH, cbETH, and 9600 ETH for native staking. The stETH cap of 3200 ETH was reached <a href="https://twitter.com/eigenlayer/status/1669085279020527616?ref=p2p.org">within the first hour</a>, with rETH and cbETH following shortly afterward! The team promises to increase limits progressively over the coming weeks and months.</p><p>Although all liquid staking token (LST) options have already reached <a href="https://restaking.nethermind.io/?ref=p2p.org">their caps</a>, native stakers still have time to become a part of early adopters.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/06/Untitled--2-.png" class="kg-image" alt loading="lazy" width="2000" height="464" srcset="https://p2p.org/economy/content/images/size/w600/2023/06/Untitled--2-.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/06/Untitled--2-.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/06/Untitled--2-.png 1600w, https://p2p.org/economy/content/images/2023/06/Untitled--2-.png 2378w" sizes="(min-width: 720px) 720px"></figure><h3 id="restaking-with-p2porg">Restaking with P2P.org</h3><p>You can restake your ETH on the EigenLayer network using the <a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> staking dApp. Our dApp, which is non-custodial, supports the option to customize validator withdrawal addresses—a fundamental necessity for directly restaking to an EigenPod. Suppose you don't already have an EigenPod address. In that case, we are excited to announce a new feature where users can generate their own EigenPod address directly within the staking process in our dApp!<br><br><strong>Below, we have prepared a step-by-step guide on how to do this.</strong> However, before restaking, please take note:</p><div class="kg-card kg-callout-card kg-callout-card-yellow"><div class="kg-callout-emoji">⚠️</div><div class="kg-callout-text">The withdrawal address is used to get your ETH deposit back. It's specified once, and nobody can change it after the staking deposit is sent because the network cements the association of a particular validator and withdrawal address. When you decide to put your EigenPod Address as a withdrawal address, you accept EigenLayer smart contract risk and understand that <a href="https://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> can't change this address.</div></div><p>How to restake if you don't already have an Eigenpod address:<br><br>1. First, visit our Ethereum staking dApp at <a href="https://eth.p2p.org/?ref=p2p.org">eth.p2p.org</a> and connect a Web3 wallet.</p><p>2. After connecting to the Web3 wallet, enter in the field the amount of ETH you want to stake, for example, 32 ETH. Under the field, you will see option Eigenlayer restaking with the checkbox:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Untitled-35.png" class="kg-image" alt loading="lazy" width="978" height="832" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Untitled-35.png 600w, https://p2p.org/economy/content/images/2024/02/Untitled-35.png 978w" sizes="(min-width: 720px) 720px"></figure><p><br>3. Activate the checkbox (blue = activated). After you activate the checkbox, note that the button "Continue" below the screen switched to "Create Eigenpod address":</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Untitled-36.png" class="kg-image" alt loading="lazy" width="984" height="842" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Untitled-36.png 600w, https://p2p.org/economy/content/images/2024/02/Untitled-36.png 984w" sizes="(min-width: 720px) 720px"></figure><p>4. Now, we need to create an Eigenpod address by pressing the following button. The creation of an Eigenpod address happens by calling the Eigenlayer smart contract. As the user requests the calling of a smart contract in the Ethereum network, you must pay Gas for the Eigenpod transaction and sign it in your wallet.</p><p>5. After the user has signed the transaction, the Eigenpod address will be created, and its withdrawal credentials will be automatically filled in the 'Withdrawal address' field in 'Advanced settings.' Pressing the Continue button to continue the process:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Untitled-37.png" class="kg-image" alt loading="lazy" width="976" height="1330" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Untitled-37.png 600w, https://p2p.org/economy/content/images/2024/02/Untitled-37.png 976w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">⚠️</div><div class="kg-callout-text">Based on the Eigenlayer system design, you will receive CL rewards on the created EigenPod address, while your EL rewards will be sent to Eigenpod’s owner address (the wallet you used to create Eigenpod). Since you are using our flow, your Eigenpod owner’s address is the one you are connected to our dApp during this staking process.</div></div><p>6. The system will start the staking process and will show you the final staking details. Review details, and press the 'Stake' button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Untitled-38.png" class="kg-image" alt loading="lazy" width="974" height="1310" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Untitled-38.png 600w, https://p2p.org/economy/content/images/2024/02/Untitled-38.png 974w" sizes="(min-width: 720px) 720px"></figure><p>7. The dApp will ask you to sign the transaction with your Web3 wallet. After signing and the transaction pending, the system will confirm that your stake is done successfully!</p><h3 id="watch-a-video-tutorial-here">Watch a video tutorial here:</h3><figure class="kg-card kg-embed-card"><iframe width="200" height="113" src="https://www.youtube.com/embed/otF8VpSRMvo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen title="Restaking Ethereum with P2P.org and EigenLayer using dApp (step-by-step)"></iframe></figure><p></p><h2 id="how-to-restake-with-a-new-or-existing-eigenpod-address">How to restake with a new or existing EigenPod address:</h2><p>To restake, you first need to set up an EigenPod address that will be connected to your wallet. This EigenPod address will be the withdrawal address in the P2P.org staking dApp. To do this:</p><p>1. Go to <a href="https://app.eigenlayer.xyz/?ref=p2p.org" rel="noopener noreferrer">https://app.eigenlayer.xyz/</a> and connect a wallet:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="1225" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/image-2.png 1600w, https://p2p.org/economy/content/images/2024/02/image-2.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>2. Click "Create EigenPod" and confirm this transaction in your wallet:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="1180" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/image-3.png 1600w, https://p2p.org/economy/content/images/2024/02/image-3.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>3. A confirmation message will confirm your EigenPod was created successfully:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/image-4.png" class="kg-image" alt loading="lazy" width="2000" height="1130" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/image-4.png 1600w, https://p2p.org/economy/content/images/2024/02/image-4.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>4. Click "Pod Details" and copy your EignePod address:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/image-5.png" class="kg-image" alt loading="lazy" width="2000" height="1276" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/image-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/02/image-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/02/image-5.png 1600w, https://p2p.org/economy/content/images/2024/02/image-5.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>5. Visit <a href="https://eth.p2p.org/?ref=p2p.org" rel="noopener noreferrer">eth.p2p.org</a> to complete the next step in the process: Staking your ETH to an Ethereum validator. This step takes around two minutes and does not require registration or completing KYC. The below image shows how to complete this simple process: <strong>You need to turn on the checkbox Eigenlayer restaking and set your EigenPod address as the validator Withdrawal address in Advanced settings:</strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/02/Untitled-39.png" class="kg-image" alt loading="lazy" width="980" height="1330" srcset="https://p2p.org/economy/content/images/size/w600/2024/02/Untitled-39.png 600w, https://p2p.org/economy/content/images/2024/02/Untitled-39.png 980w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">🔒</div><div class="kg-callout-text"><a href="http://p2p.org/?ref=p2p.org"><i><em class="italic" style="white-space: pre-wrap;">P2P.org</em></i></a><i><em class="italic" style="white-space: pre-wrap;">'s unique feature enables MEV rewards for stakers with an EigenPod address. What's crucial is that, by default, EigenPod does not accept MEV rewards. Check the next paragraph for further details</em></i>.<i><em class="italic" style="white-space: pre-wrap;">Validators propose new blocks and receive rewards, which include MEV, to their execution rewards address. Technically, the withdrawal address and the execution rewards address can be different. However, to simplify the staking process, most operators set the withdrawal address as the execution rewards address by default. However, this poses an issue for restaking: EigenPod doesn't accept direct transactions from MEV bots, which means it can't receive most MEV rewards either.We resolve this issue by automatically checking if you have put EigenPod as your withdrawal address. In such cases, we extract your EigenPod owner's wallet and use it as the execution rewards recipient address. This ensures that your MEV rewards are completely secure.</em></i></div></div><p><br>6. After staking completion, your validators will enter the validator entry queue, and by the time you're live, your EigenPod balance, will immediately reflect the stake. You can check the current activation time in our <a href="https://p2p.org/networks/ethereum/queue?ref=p2p.org" rel="noopener noreferrer">Ethereum queue dashboard</a>.</p><h3 id="watch-a-video-tutorial-here-1">Watch a video tutorial here:</h3><figure class="kg-card kg-embed-card"><iframe width="200" height="113" src="https://www.youtube.com/embed/RduD_-s1HH0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen title="Restaking Ethereum with EigenLayer and P2P.org (for users with EigenPod address, step-by-step)"></iframe></figure><p></p><h2 id="qa">Q&amp;A:</h2><p><strong>How can I do restaking for EigenLayer?</strong></p><p>We have a simple guide for restaking; check it out here: <a href="https://p2p.org/economy/eigen-layer-restaking-with-p2p-org-guide/">https://p2p.org/economy/eigen-layer-restaking-with-p2p-org-guide/</a></p><p><strong>What are the Restaking points?</strong></p><p>Rewards and how they are distributed are still a work in progress. The Eigen Layer team plans to share more details in 2024Q2. For now, extra rewards are distributed by Eigenlayer in Restaking points. Restaking points measure your contribution to the shared security of the EigenLayer ecosystem, the temporary proof of your participation in the EigenLayer network. You will receive Restaking points in your Eigenpod during the restaking process.</p><p><strong>How many Restaking points will I get for restaking?</strong></p><p>Restaking points are a measure of staking participation equal to the time-integrated amount staked in units of ETH*hours. You can read here more about how this share is measured in Eigenlayer documentation about Restaking points: <a href="https://docs.eigenlayer.xyz/eigenlayer/restaking-guides/restaking-user-guide/restaked-points?ref=p2p.org">https://docs.eigenlayer.xyz/eigenlayer/restaking-guides/restaking-user-guide/restaked-points</a></p><p><strong>What risks are involved with restaking?</strong></p><p>Restaking, while offering additional rewards, also brings with it inherent risks. Validators participating in restaking face potential penalties from Ethereum and EigenLayer if they violate network consensus rules.</p><p>Moreover, validators' withdrawal credentials are tied to EigenLayer's upgradeable Eigenpod smart contracts, introducing further elements of complexity and risk.</p><p>A comprehensive risks <a href="https://docs.eigenlayer.xyz/eigenlayer/risk/risk-faq?ref=p2p.org">FAQ by Eigen Layer</a> covers all risks;</p><p><strong>What about Eigenlayer slashing risks?</strong></p><p>There is no slashing until the protocol upgrade in the second half of 2024, giving new protocols and operators enough time to develop a robust risk mitigation framework.</p><p>In the future, validators participating in restaking face potential penalties from Ethereum and EigenLayer if they violate network consensus rules. So operators should carefully setup infrastructure and choose AVSes to run. Regarding native vs. LST, native restaking is a much safer option than restaking LST tokens, since your withdrawal credentials are associated with smart contracts under your management.</p><p><strong>How Eigenlayer addresses restaking risks?</strong></p><ol><li>Smart contracts are audited, and a <a href="https://docs.eigenlayer.xyz/eigenlayer/security/bug-bounty?ref=p2p.org">$2 million bug bounty program</a> has been initiated since December 2023, underscoring its commitment to ongoing security enhancements.</li><li>There is a community multisig (<a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is one of 13 members). In extraordinary circumstances, the Community Multisig can perform emergency actions, including immediately executing time-critical upgrades or replacing the Operations Multisig in the event of private key compromise. <a href="https://docs.eigenlayer.xyz/eigenlayer/security/multisig-governance?ref=p2p.org">https://docs.eigenlayer.xyz/eigenlayer/security/multisig-governance</a></li><li>There is no slashing until the protocol upgrade in the second half of 2024, giving new protocols and operators enough time to develop a robust risk mitigation framework.</li><li>Regarding unintentional slashing due to protocol/AVS mistakes, EigenLayer establishes a "slashing council." This council will oversee and adjudicate any slashing incidents, ensuring fairness and accuracy in administering penalties while the slashing mechanism evolves. The slashing event doesn't burn ETH; it only freezes it on the EigenPod address. This freeze can be removed by slashing the council. That will secure early restakers from slashing losses due to AVS/protocol mistakes.</li></ol><p><strong>How to exit from Eigenlayer?</strong></p><p>After validators are exited from the Ethereum network, your ETH transfers to the EigenPod address, and after a 7-day lock period, you can withdraw them from EigenPod.</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>