Zama has opened its auction phase, marking the first step in the network’s staking rollout.
The auction allows participants to acquire ZAMA tokens ahead of delegation. Staking will follow approximately two weeks later, at which point delegators will be able to actively stake with validators on the network.
P2P.org is participating as one of 18 genesis operators selected to support the network at launch and will operate a validator once delegation is enabled.
Zama is building infrastructure to enable privacy-preserving computation, allowing applications to process sensitive data while keeping it confidential.
FHE enables computation to be performed directly on encrypted data, without requiring decryption at any point. For blockchain systems, this unlocks new categories of applications where sensitive data can be processed onchain while remaining confidential.
This cryptographic design introduces different requirements at the infrastructure layer, particularly around compute, performance, and validator responsibilities. Zama’s network is built to support these constraints from the ground up.
The auction phase is the entry point to Zama’s staking lifecycle.
Participants acquire ZAMA during the auction and position themselves ahead of delegation. While tokens are not staked yet, the auction establishes early network participation and prepares participants for staking once delegation is enabled.
Delegation to validators is expected to open approximately two weeks after the auction, at which point staking becomes active.
During the auction phase, participants can enter a P2P.org referral code: JYT407 to receive a +5% bonus in tokens.
This referral incentive applies only during the auction and is designed to reward early participants who plan to stake once delegation becomes available.
P2P.org’s involvement in Zama goes beyond operating a standard validator.
On Zama, P2P.org operates as an FHE co-processor, supporting the cryptographic compute workloads that are core to the network’s architecture. This infrastructure alignment enables higher APR compared to standard validators, driven by optimized execution and deeper protocol integration.
Once delegation is enabled, participants will be able to stake directly with the P2P.org validator.
After the auction concludes:
Participants who join the auction early will already be positioned to stake as soon as delegation is live.
Staking portal: https://staking.zama.org/
The auction phase marks the start of Zama’s staking lifecycle, setting the foundation for validator participation and long-term network security.
P2P.org’s focus is to support this transition by operating infrastructure aligned with Zama’s cryptographic design and remaining active through both the auction and delegation phases.
Further updates will follow as staking and delegation are enabled.
<h2 id="at-a-glance"><strong>At a glance:</strong></h2><ul><li><strong>EigenLayer:</strong> A coordination layer enabling staked ETH to secure AVSs</li><li><strong>Why operators matter:</strong> Infrastructure quality directly impacts risk and net rewards</li><li><strong>P2P.org (EigenLayer operator):</strong> Institutional infrastructure with a <strong>5% operator commission</strong></li><li><strong>Update:</strong> Current commission structure <strong>extended through end of Q1</strong></li></ul><p><a href="https://app.eigenlayer.xyz/operator/0xd2bca64ad01f77de84be4a8acbd2e8beceed9ab3?ref=p2p.org"><strong><u>Stake with P2P.org on EigenLayer.</u></strong></a></p><p>EigenLayer is often discussed in terms of innovation. New services. New primitives. New narratives.</p><p>But underneath all of that, EigenLayer is fundamentally about coordination.</p><p>Coordination between capital and infrastructure. Between stakers and services. Between emerging AVSs and the operators that make them real.</p><p>As the ecosystem matures, one thing is becoming increasingly clear: the success of EigenLayer depends less on abstract ideas and more on the reliability, economics, and behavior of the operators securing it.</p><h2 id="eigenlayer-as-a-coordination-layer"><strong>EigenLayer as a Coordination Layer</strong></h2><p>At its core, EigenLayer allows staked capital to be reused to secure new services, known as Actively Validated Services (AVSs).</p><p>This model introduces powerful new possibilities, but it also introduces new responsibilities.</p><p>AVSs don’t just need capital.They need uptime.They need slashing-aware infrastructure.They need operators that can run production systems, not experimental nodes.</p><p>This is where the operator layer becomes critical.</p><p>EigenLayer is a coordination layer for new services that must operate under real economic and technical constraints.</p><h2 id="why-operator-choice-actually-matters"><strong>Why Operator Choice Actually Matters</strong></h2><p>As more capital flows into EigenLayer, the difference between operators becomes more pronounced.</p><p>Key variables start to matter:</p><ul><li>commission structure</li><li>infrastructure quality</li><li>operational maturity</li><li>long-term alignment with the ecosystem</li></ul><p>For stakers, operator selection plays a direct role in both risk management and net returns.</p><p>For AVSs, operator quality shapes how confidently a service can scale.</p><p>As the ecosystem matures, operator choice becomes a meaningful variable rather than a background detail.</p><h2 id="p2porg%E2%80%99s-role-in-the-eigenlayer-ecosystem"><strong>P2P.org’s Role in the EigenLayer Ecosystem</strong></h2><p>P2P.org participates in EigenLayer as an operator focused on long-term infrastructure, not short-term incentives.</p><p>The approach is simple:</p><ul><li>run robust, production-grade infrastructure</li><li>keep commissions transparent and competitive</li><li>support the AVS ecosystem as it grows</li></ul><p>Today, P2P.org operates with a 5 percent operator commission, positioning it among the lowest on the market for staking $EIGEN.</p><p>This structure is designed to maximize net rewards for stakers while maintaining the operational standards required to support EigenLayer’s expanding service layer.</p><h2 id="extending-the-promotion-through-q1"><strong>Extending the Promotion Through Q1</strong></h2><p>Originally, the current commission structure was communicated as running through the end of 2025.</p><p>Given continued demand and ecosystem growth, this structure will now be extended through the end of Q1.</p><p>The rationale is straightforward:</p><ul><li>EigenLayer is still early in its AVS adoption curve</li><li>operators and stakers are still establishing long-term relationships</li><li>maintaining predictable economics helps the ecosystem stabilize</li></ul><p>This extension gives stakers additional time to participate under the same conditions, while EigenLayer continues to evolve its service layer.</p><h2 id="the-road-ahead-for-eigenlayer"><strong>The Road Ahead for EigenLayer</strong></h2><p>EigenLayer represents a meaningful shift in how crypto networks coordinate security and services.</p><p>As that shift continues, operators move from the background to the foreground.</p><p>For stakers, operator choice is no longer just about headline APY.For the ecosystem, operator quality determines what is possible.</p><p>Extending the current commission structure through Q1 is a small step, but it reflects a longer-term view: building EigenLayer on stable, well-run infrastructure rather than temporary incentives.</p><p><strong>Stake with P2P.org on EigenLayer: </strong><a href="https://app.eigenlayer.xyz/operator/0xd2bca64ad01f77de84be4a8acbd2e8beceed9ab3?ref=p2p.org"><u>https://app.eigenlayer.xyz/operator/0xd2bca64ad01f77de84be4a8acbd2e8beceed9ab3</u></a></p>
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<h2 id="at-a-glance"><strong>At a Glance: </strong></h2><ul><li>P2P.org founder Konstantin Lomashuk returns as CEO to lead the company's evolution from validator operations to full-stack yield infrastructure</li><li>Konstantin Zaitcev joins as Co-CEO to drive execution and operational performance</li><li>The leadership shift reflects P2P.org's strategic focus on building institutional-grade yield infrastructure beyond standalone staking</li><li>Alex Esin transitions to an advisory role after driving 15x client growth and establishing P2P.org as the #1 provider in restaking</li></ul><p>P2P.org is entering a new chapter. After years building one of the world's most trusted staking operations — $10+ billion in assets, #1 rankings on Solana and Ethereum by APR, zero slashing incidents — the company is now focused on a larger challenge: building the yield infrastructure the industry will run on for decades.</p><p>Founder Konstantin Lomashuk has assumed the role of CEO at a moment when institutional clients and platforms need more than validators. They need secure, scalable systems that can deliver yield across assets while operating within real-world regulatory constraints. P2P.org is positioning itself to deliver exactly that.</p><h2 id="why-this-matters-for-institutional-yield"><strong>Why This Matters for Institutional Yield</strong></h2><p>The institutional staking market has matured considerably. Treasury managers understand staking's value proposition. Custodians have built integration capabilities. Asset managers are allocating to staking strategies at scale.</p><p>But the next phase requires different infrastructure. Institutions need:</p><ul><li><strong>Multi-asset yield capabilities</strong> that extend beyond native staking</li><li><strong>Compliance-first architecture</strong> designed for evolving regulatory frameworks</li><li><strong>Scalable operations</strong> that can handle institutional volume without compromising security</li><li><strong>Seamless integration</strong> with existing custody and reporting systems</li></ul><p>P2P.org's validator operations established the foundation. The company's perfect track record — 99.9% uptime across 40+ networks with zero slashing incidents — demonstrates the operational rigor institutions require. The leadership shift signals P2P.org's commitment to building on that foundation.</p><h2 id="from-validators-to-yield-infrastructure"><strong>From Validators to Yield Infrastructure</strong></h2><p>Lomashuk brings a track record of building infrastructure before markets fully form. He founded P2P.org and Cyber.Fund, a long-term investment firm focused on blockchain infrastructure and protocol development. He was an early backer in Ethereum and Solana, and co-founded Lido, the world's largest liquid staking protocol.</p><p>That experience shapes his view of what comes next.</p><p>"The industry is hungry for more than validators," said Lomashuk. "It needs a real yield engine. This is a chance to go from zero to one at the infrastructure layer — not by starting over, but by building what has never existed at industry scale. We're taking the trust we've earned and using it to build the ultimate institutional yield engine the industry will run on for decades."</p><p>As CEO, Lomashuk will lead long-term strategy, security standards, and the development of new yield products across digital asset classes. The focus extends beyond staking to encompass the full spectrum of yield generation opportunities institutions are exploring.</p><h2 id="vision-and-execution-the-co-ceo-structure"><strong>Vision and Execution: The Co-CEO Structure</strong></h2><p>To maintain execution discipline while pursuing category-defining innovation, P2P.org has introduced a Co-CEO structure. Konstantin Zaitcev, former co-founder and CEO of dRPC.org, joins as Co-CEO alongside Lomashuk.</p><p>The division of responsibilities is explicit:</p><ul><li><strong>Lomashuk</strong> leads vision, strategy, and category direction</li><li><strong>Zaitcev</strong> owns delivery, execution, and operational performance</li></ul><p>Zaitcev brings experience building and scaling infrastructure businesses. He'll oversee day-to-day operations as P2P.org expands its product footprint across assets, networks, and use cases.</p><p>This structure enables P2P.org to pursue ambitious product development while maintaining the operational excellence institutional clients require. Vision without execution creates vaporware. Execution without vision creates commoditization. The Co-CEO model addresses both imperatives.</p><h2 id="building-on-a-strong-foundation"><strong>Building on a Strong Foundation</strong></h2><p>The leadership transition builds on the tenure of Alex Esin, who led P2P.org through exponential growth over the past three years. Under Esin's leadership, P2P.org achieved:</p><ul><li><strong>15x client growth</strong> across institutional and retail segments</li><li><strong>Massive Ethereum adoption</strong> establishing P2P.org as a dominant validator</li><li><strong>Critical regulatory licenses</strong> enabling compliant operations in key markets</li><li><strong>#1 market position</strong> in restaking infrastructure</li></ul><p>"We've achieved exactly what we set out to do — building a dominant, high-performance machine that leads the market," said Esin. "The foundation is rock-solid, and I can't think of a better setup than having Konstantin return to drive the next wave of innovation."</p><p>Esin will continue supporting P2P.org in an advisory role, ensuring continuity as the company expands its mandate.</p><h2 id="what-full-stack-yield-infrastructure-means"><strong>What Full-Stack Yield Infrastructure Means</strong></h2><p>The industry is evolving beyond standalone staking. Platforms and institutions now need systems that can:</p><ul><li><strong>Aggregate yield opportunities</strong> across multiple protocols and asset types</li><li><strong>Manage risk</strong> through diversification and real-time monitoring</li><li><strong>Automate operations</strong> while maintaining institutional control and oversight</li><li><strong>Provide transparency</strong> with comprehensive reporting and audit trails</li><li><strong>Scale reliably</strong> without compromising security or performance</li></ul><p>P2P.org's validator operations demonstrated the company's ability to deliver on security, uptime, and performance. The move toward full-stack yield infrastructure applies that same rigor to a broader set of capabilities.</p><p>This isn't incremental improvement. It's category creation — building the infrastructure layer that will support institutional yield generation as digital asset adoption accelerates.</p><h2 id="the-path-forward"><strong>The Path Forward</strong></h2><p>With founder leadership in place and execution ownership clearly defined, P2P.org is focused on building yield infrastructure designed not just for today's market conditions, but for the next generation of digital asset finance.</p><p>The company's track record provides the foundation. The leadership structure enables both vision and execution. The market opportunity is clear — institutions need yield infrastructure that combines the security and compliance they require with the innovation digital assets enable.</p><p>P2P.org is building to meet that need.</p>
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