P2P.org, are excited to reveal our latest collaboration as a validator - stepping into the influential role of Mainnet Verified Operator for the SSV Limited Mainnet Launch. This significant stride enables us to directly contribute to the implementation of Distributed Validator Technology (DVT) and bolster Ethereum's decentralized staking landscape.
P2P.org as SSV Network Mainnet Verified Operator
P2P.org’s involvement in SSV network as a Mainnet Verified Operator (MVO) isn't just a mere participation; it's an active contribution to shaping the future of decentralized validation inline with our vision for a more decentralized future for all.
Currently, the SSV Network is in a limited launch, where only verified operators are contributing to the launch, and stakes originate from the SSV core team. This phase ensures that the system undergoes rigorous testing and refinement, laying the foundation for a more extensive and inclusive public launch.
The public launch is set for an early Q4 launch, but several crucial steps must be completed to ensure that the SSV Network is ready for widespread use such as the essential process of bringing validators onto the network. This step is pivotal in building the network's strength and readiness for public participation. After that, P2P.org will analyse the performance within the network to see where improvements can be made as a validator. Our relentless focus on excellence during this period sets us apart and will play a key role in defining our contribution to the SSV Network.
As a MVO, P2P.org & SSV Network are set to redefine Ethereum staking with the integration of DVT into the P2P.org platform. This integration propels our value proposition to institutional investors, framing us as the go-to platform for a diverse suite of staking services.
Ethereum staking, historically, has posed a daunting challenge to those wanting to set up validator infrastructure, due to its necessity for niche knowledge and extensive time commitment to manage validators. Consequently, many stakers prefer to delegate the staking process to infrastructure providers like us. While this approach has proved fruitful on other networks, Ethereum's staking process continues to be intricate. DVT strives to resolve these intricacies, instilling trust and bolstering security by decentralizing validator responsibilities and key management duties among multiple operators.
P2P.org's status as a Mainnet Verified Operator with SSV Network is due to several key assessment criteria, notably, operations experience such as being active for over 90 days in testnet, above average performance, client diversity and runs nodes on other chanis. P2P.org meets this criteria and our experience has been reinforced by our successful testing on the Jato v1 testnet, and subsequently, the Jato v2. The latter serves as the current testnet and the last pitstop before the mainnet. Our readiness for the mainnet launch, in terms of infrastructure and operator performance, is impeccable. Our performance statistics reflect our standing as one of the top performers among SSV operators, as seen here: https://goerli.explorer.ssv.network/operators/30.
As we prepare for the mainnet launch, we're eagerly looking forward to the integration of Maximum Extractable Value (MEV) by the SSV team. This is the final piece of the puzzle that will complete our DVT offering and boost its functionality. The integration of MEV will ensure optimal staking performance and profitability, cementing our position as a frontrunner in the DVT revolution.
Our progress and readiness underscore our commitment to providing innovative staking solutions, promising a smooth transition into the new era of decentralized staking.
DVT and the Future of Decentralization
DVT enhances Ethereum's security and optimizes staking operations. The architecture of Ethereum's staking requires each validator node to lock 32 ETH as collateral to earn rewards. The node's collateral can be slashed as a penalty for unethical behaviors such as transaction manipulation. However, slashing is typically due to operational risks including poor key management or failing to sign transactions. DVT mitigates these risks by improving validator redundancy.
The trustlessness of the staking process, an essential feature of blockchain technology, is also enhanced by DVT. Although the traditional outsourcing of staking to infrastructure providers is non-custodial, there is still an inherent level of trust required. DVT reduces this need for trust by distributing key management duties and validator responsibilities.
For investors beginning with ETH staking, the limited diversification in terms of setup and providers can be discouraging. DVT addresses this concern by enabling clients to diversify their staking provider portfolio, thus reducing operational risks.
P2P.org's Core Values as a Mainnet Verified Operator
As a Mainnet Verified Operator, we pledge to uphold our core values, summarized by the acronym STATS:
Security: We prioritize the protection of your staked assets and personal data. Our non-custodial staking capabilities and secure infrastructure ensure maximum security and performance.
Transparency: We commit to maintaining transparency in our actions and governance decisions. We share all pertinent financial and project-related data with our community.
Asset Rewards: We aim to maximize value and high returns for our clients by leveraging our industry expertise to support successful networks and execute smart governance.
Technology: We pride ourselves on our comprehensive knowledge of supported staking networks and our high-performing staking infrastructure, which boasts an average network uptime of over 99%.
Smart Governance: We firmly believe in decentralization and the potential of blockchain to form the digital world's foundation. We represent your interests within each network when you're unable to do so.
By embracing the role of Mainnet Verified Operator and leveraging DVT's benefits, we look forward to fostering a more secure, efficient, and decentralized Ethereum staking ecosystem. As we embark on this journey, we thank you for your continued trust and support. Join us as we chart the path to a more robust and resilient staking experience for Ethereum.
What does this mean for the future of staking?
ETH staking inherently involves risks associated with dependence on a single provider. While the provider performs staking operations, the staker can face significant operational risks, as well as slashing penalties inherent in the Ethereum network's staking mechanism. At P2P.org, we have always strived to minimize these risks with slashing protection that offers maximum staking coverage, and now with DVT, we can extend this protection further to our clients.
Our protective measures include an 80% slashing coverage as default and an option for a 100% slashing coverage. For clients staked with 320+ ETH, we ensure coverage of slashed amounts from our fund limited by 12 months of P2P-related service fee, in the unfortunate event of a slashing occurrence. Our insurance covers 80% of slashing incidents with a higher limit of $3.5M, while a premium plan provides 100% coverage with no limits. To date, we have a record of zero slashing events and offer five technical levels of slashing protection along with customized slashing coverage options.
DVT offers an innovative approach to tackle these risks by enabling users to diversify their staking provider portfolio. This strategy dramatically reduces the impact of downtime or failures associated with a single provider, making DVT a compelling proposition for institutional adoption of ETH staking.
From a security standpoint, DVT reimagines staking by partitioning the staking private key, storing different segments with various providers, thus thwarting unauthorized access. It also mitigates the risk of validator mismanagement leading to slashing penalties and loss of staked ETH. It achieves this by distributing the duties of a single validator amongst a network of nodes that must reach consensus before signing any message, significantly improving validator redundancy and slashing protection.
While operating ETH staking validators, achieving a balance between performance and security often poses a challenge. Slashing penalties are a constant threat, while compromised keys pose significant security risks. DVT addresses these concerns by enhancing resilience against failures, attacks, and operational risks, effectively optimizing both performance and security.
Furthermore, DVT's influence on staking Annual Percentage Rate (APR) is encouraging. Early tests suggest that DVT setups can match the validator effectiveness of traditional setups, with the prospect of even further improvements on the horizon. DVT setups with SSV and Obol have demonstrated reliable and accurate attestations, underscoring the effectiveness and potential of DVT.
In conclusion, DVT is an influential tool in transforming the staking process, reducing risk, and enhancing performance and security. As we continue to advocate for and adopt DVT, we invite you to join us on this thrilling journey towards a new era of decentralized staking.
Get the latest posts delivered right to your inboxSubscribe
<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>
from p2p validator
<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>
from p2p validator