Introduction
We’ve put together a simple step-by-step guide showing you exactly how to stake ETH in the P2P.org staking dApp using DVT technology. DVT is designed to increase the security and fault tolerance of the staking environment by running Ethereum validators on multiple independent nodes. P2P.org, in collaboration with institutional-grade nodes-operators, forms a secure cluster for staking clients.
What is DVT Staking?
SSV staking is Ethereum staking that uses SSV Network (Secret Shared Validators) technology, which implements DVT (Distributed Validator Technology) for enhanced security and resilience. DVT refers to Distributed Validator Technology. In most PoS (proof-of-stake) systems, each validator is responsible for a single staking node. However, Distributed Validator Technology allows for splitting responsibilities and risks associated with a single validator node across multiple participants. The primary goals of DVT are to increase the security, decentralization, and resilience of the network.
DVT staking with P2P.org (SSV.network)
P2P.orgworking closely with SSV.Network to develop the integration of DVT into our platform paves the way for a new era of Ethereum staking.
This initiative enables institutions to participate in decentralised staking through various experienced operators, each bringing a wealth of experience working with institutional entities, high-performance nodes, established security practices intended to support node liveness.
You can read more about our work with SSV.Network and the grant P2P.org won to develop our DVT Staking API and to learn more about the benefits of DVT in our other articles:
Prerequisites
To set up a validator you will need:
An Ethereum wallet
To specify the amount of stake: 32 ETH per validator
Additional ETH for transaction fees
To specify the withdrawal address (the address set as the withdrawal address for that validator).
How to stake ETH with P2P.org dApp
Navigate to https://eth.p2p.org/staking
Click Connect Wallet. If you cannot find your wallet in the supported list, you can use Wallet Connect.
Select DVT Staking (SSV)
Enter amount of ETH to be staked
💡 DVT/SSV is considered a form of direct staking; you still need 32 ETH per validator.
Turn off auto-compounding toggle to stake a 0x01 validator.
Turn off EigenLayer restaking toggle if you will not be restaking
Expand Advanced Settings to specify a withdrawal address and change Relay settings(optional). If a withdrawal address is not specified, the field will be populated automatically with the same address used to stake(deposit address).
💡 Withdrawal can be any valid ETH address that you have access to. Consensus layer and execution layer rewards will be sent to this address.
Review reward rate, service fee and activation time and click Stake
Confirm transaction in your wallet
Return to Portfolio to view status of new validator(s).
Wait for the validator(s) to become active. https://www.validatorqueue.com/ shows the general activation queue for validators. You can check the activation time for your particular validator at https://beaconcha.in/validator/<validator_pubkey>. Once the validator(s) are active the validator will start accruing rewards. You can use the P2P.org dApp to check the status of your staked account and manage validator(s).
💡Things to keep in mind
Staking with P2P.org is fully non-custodial: clients retain control of their ETH at all times, and P2P.org never holds or accesses client funds.Rewards are determined by the Ethereum protocol and network conditions, are variable, and are not guaranteed. P2P.org does not control or set reward rates.
Slashing risks are protocol defined and client borne. Operational safeguards are implemented but do not eliminate protocol risk.
Third party explorers are not operated by P2P.org and may display data with delay or differences from on chain truth.
For more information on staking Ethereum (ETH) with P2P.org and our special offer for large ETH delegations, visit https://p2p.org/networks/ethereum
For additional staking support, visit the P2P.org ETH Help Centre.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].