Stader’s ETHx: ...
Stader’s ETHx: Now live on mainnet
With ETHx, we pledge to keep Ethereum decentralized by building a liquid staking solution that is accessible, reliable and rewarding. You can learn more about how we intend to uphold this pledge here.
Our pledge for decentralization will be made possible only with the support of the community of stakers and node operators for whom we are building this solution.
Here’s a snapshot of why you should choose ETHx, how secure and reliable the solution is, and how to join the ETHx staking revolution.
🟣 Why should you choose ETHx?
For ETH stakers:
For Node Operators:
🟣 How secure is ETHx?
ETHx smart contracts are triple-audited by leading blockchain security firms. These audits, conducted by industry-leading experts, thoroughly evaluate the protocol’s security and functionality.
Smart contract audits:
You can always find the reports of our audits here.
Additionally, there are extra security measures in place:
🟣 How to get started with ETHx?
As Ethereum stakers and node operators, these starter guides have everything you need to navigate your journey with ETHx.
1. ETHx users
2. ETHx permissionless node operators
🟣 ETHx governance | Initial State
The following three entities control operations and critical decisions associated with ETHx smart contracts.
A. The Community multisig
The Community multisig is a 6-of-9 that includes notable members of the Ethereum community. They act as guardians, maintaining an observant role over the ETHx protocol, with the capacity to unpause and upgrade contracts via a time lock set with a minimum delay of 7 days, a responsibility mainly employed during emergencies. The community multisig also can rotate the Manager and Operator addresses.
B. The Manager multisig
The Manager multisig is a 3-of-5 and is tasked with maintaining the protocol’s overall health. It can pause contracts in emergencies and adjust associated configuration parameters. All key decisions will be subject to DAO vote, with the manager multisig being responsible for subsequent execution. This multisig is expected to be used infrequently.
C. The Operator
The Stader team controls the Operator role, and its primary responsibilities include overseeing the health of the ETHx node operator network, implementing node configuration changes and managing validator exits.
Together, these entities form a governance structure that oversees decision-making & operations in the ETHx ecosystem. Their collective efforts prioritize transparency, accountability, and a careful balance of oversight, control and flexibility. Our vision for the future involves transitioning towards complete on-chain governance, enabling SD and ETHx holders to actively propose and implement protocol changes. This evolution towards community governance offers an exceptional opportunity to foster decentralized decision-making, promote inclusivity, and cultivate an open ecosystem that embraces adaptability and continuous evolution.
ETHx product and architecture is a distilled version of rigorous analysis and experimentation by the Stader team with inputs from various community leaders, stakers and node operators. We have experimented with existing open source codebase of several protocols including Lido, Rocketpool, Frax, etc. during the design and development of ETHx and are thankful to all these protocols and to the broader open source Ethereum community.
To share our contribution, we have open sourced all our smart contracts and Stader node code. In the near future, we plan to make our oracles and off-chain open source as well, once we have ensured the stability of the systems at scale. We actively encourage the community to leverage our code and contribute to making Ethereum more accessible, decentralized and rewarding for all of us.
Let’s build ETHx together.
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