Original Validator FAQ
StaFi will block-listed the the validators who don’t configure the Priority Fee recipient address with the designated address and deduct their deposited ETH as a penalty to compensate liquid stakers.
For solo validators: the penalty would be that their deposits and staking rewards will be allocated to cover the supposed priority fee.
Designated Address: 0x6fB2aa2443564d9430b9483B1A5eeA13a522dF45
For trusted validators: the penalty would be that their pledge in the multi-sig address controlled by StaFi Protocol and Trusted Validator will be allocated to cover the supposed priority fee. Also, they will be delisted in the whitelist of rETH trusted validators.
Designated Address: 0xdc5a28885a1800b1435982954ee9b51d2a8d3bf0
The main new features of rETH validator’ slashing mechanisms are designed as follows:
1) Offline and Slashing Penalty will be compensated from the validators’ deposits shouldn’t be taken by the stakers.
2) The forcefully ejected or half-way exiting validators will be blocked forever from the StaFi protocol.
3) The validators who don’t configure the Priority Fee recipient address with the designated address will suffer a penalty from the StaFi protocol.
1) Deduct the original validators’ deposits to cover the related penalties.
2) Deduct the original validators’ rewards to cover the related penalties if the deposits are not enough to cover the penalties.
3) If the original validators’ rewards and deposits are still not enough to cover the penalties, it will be compensated from the StaFi Protocol’s Penalty Reserve.
Commission: Currently, the commission rate charged by rETH OV is set at 10%. The parameter will be adjusted according to the relationship between the demand for OVs and the current supply of OVs.
When the supply of OVs in rETH is not enough, the commission rate will be increased to incentivize validators to join the rETH OV program.
Reward: There are different APY for Solo Validators and Trusted Validators. Please check the OV APY calculation table for details.
There are 4 main reasons why you should consider joining in rETH Original Validator Campaign:
1) No KYC and Permission Required
Any Eth2.0 validator, no matter whether you are a personal validator or an institutional validator, can join in to be a Solo Validator in rETH freely without any KYC or permission.
2) Higher APY
The Solo Validator’s staking profits will be 3.33% higher than totally self-funding the 32 ETH and the Trusted Validators will earn 0.0768 ETH per node yearly without ETH deposit. Please check the OV APY calculation table for details.
3) Competent Liquidity
StaFi rETH designs a liquidity solution for Solo Validators‘ deposits and rewards. rETH Solo Validators can redeem 2 ETH per node.
4) Slash Insurance
StaFi will cooperate with Nexus Mutual, Tidal and other DeFi insurance protocols to provide slash insurance for the alidators in rETH. Also, StaFi will establish an insurance fund pool to compensate for the slash loss.
There are 2 types of original validators, Solo Validators and Trusted Validators. The comparisons between them is below:
Yes, the rETH has passed the security audit conducted by top blockchain security team PeckShield. Please check the rETH security audit report.
The following three requirements would apply to a validator in rETH:
1) Run an ETH2.0 node.
2) Choose the validator type and deposit the corresponding amount of ETH (Solo Validator: 12 ETH per node, Trusted Validator: 0 ETH). If you choose the Solo Validators, you could run validators without any permissions from StaFi. If you choose the Trusted Validator, you have to file the application to get the verification from the StaFi Foundation.
3) After getting the allocations from the StaFi staking pool, OVs should upload the deposit_data-*.json file generated by the validator client in rETH validator dashboard.
Solo Validators will still need to deposit 12 ETH per node before getting ETH allocations from StaFi.
Trusted Validators will be whitelisted to onboard with no required ETH deposit, and will obtain 32 $ETH allocations per node.
We will solve the slash problem through the following ways:
1) Solo Validator is required to deposit 12 ETH per node. When Slashing occurs, the staker loss will be deducted from the 12 ETH deposited in priority.
2) For Trusted Validators, we will sign the agreements with them and they will deposit a plege(in ETH) to a multi-sig account controlled by both StaFi and Trusted validator. When the slashing occurs, the pledge will be used to compensate the users.
3) StaFi will cooperate with Nexus Mutual, Tidal and other DeFi insurance protocols to provide slash insurance for OVs. Also, StaFi will establish an insurance fund pool to compensate for the slash loss over 8 ETH per node.
4) In addition, according to our research on ETH2.0 slashing, the probability of slashing on all nodes is 0.05%, and the maximum slashing quota does not exceed 2ETH.
For detailed research, please see: https://medium.com/stafi/stafi-reths-solution-to-the-slash-of-eth-ae44e3767fb0
1) The uploaded file is invalid.
2) Insufficient pool in the pool:
For Solo Validator: ETH amount in the pool < 20Pubkey amount
For Trusted Validator: ETH amount in the pool < 31Pubkey amount
3) The pubkey of the Trusted Validator can not be uploaded for the solo Validator.
4) Trusted Validator and Solo Validator pubkeys could not be staked at the same time.