Ethereum
Last updated
Last updated
Currently, most ETH is staked with just 2-3 protocols, underscoring the need for more robust alternatives. Protocols offering permissionless node operations face significant scaling challenges due to high ETH bonding requirements. Moreover, most liquid staking protocols lack comprehensive DeFi integrations, limiting their utility and appeal to users.
With ETHx, Stader aims to create an LST that delivers a unique value proposition for both users and node operators while contributing to the diversity of LSTs on Ethereum. Before diving into the detailed design of ETHx, here’s a summary of the unique value Stader brings to the Ethereum community:
ETHx is an innovative liquid staking token developed by Stader, designed to revolutionize Ethereum staking. Our vision for ETHx is to transform the staking experience, providing users with the unprecedented freedom to move and utilize their staked ETH while continuing to earn rewards and engage with the growing DeFi ecosystem.
Continuous Staking Rewards: With ETHx, your Ethereum assets aren't locked away. You continue to earn staking rewards, thereby growing your Ethereum holdings.
Access to DeFi: ETHx integrates with decentralized finance applications, providing opportunities to earn additional rewards by participating in yield farming, lending, and more.
Scalable and Decentralized: ETHx promotes a scalable, decentralized staking solution, contributing to the overall decentralization of the Ethereum network.
Multi-pool Architecture: Designed for decentralization, scalability, and resilience, ETHx features a multi-pool architecture. This ensures that node operations for ETHx are decentralized, scalable, and resilient. ETHx includes a permissionless pool, allowing anyone to operate nodes, and a permissioned pool, featuring curated validators with consistent performance in Phase I.
In the long run, as Distributed Validator Technology (DVT) matures, we aim to adopt it and establish dedicated DVT-based stake pools in Phase II. This modular, multi-pool architecture is flexible enough to support additional pools that may emerge as the ETH staking ecosystem evolves in the future.
Stader's vision for ETHx is to strike the perfect balance between user experience, scalability, and decentralization. We envision a future where ETHx is:
Predominantly supported by permissionless node operators, run by independent operators or home stakers, thereby democratizing the staking process.
Scalable, thanks to Distributed Validator Technology (DVT) that lowers the bonding requirements for node operations, allowing for a broader range of participants.
Extensively used across the Ethereum DeFi ecosystem, incentivizing more Ethereum staking and contributing to the security and robustness of the network.
Through ETHx, Stader is paving the way for a future where staking is seamless, rewarding, and integral to the Ethereum DeFi landscape.
