Stader’s ETHx P...
Stader’s ETHx Power Pledge: Our promise to keep Ethereum decentralized
When we set out to build ETHx, our objective was twofold; to build for the community and to prioritize the health of the beacon chain. We recognize that both those things go hand in hand and contribute to the ultimate goal: Decentralization of Ethereum.
As we gear up for the launch of ETHx, we are thrilled to share our promise with the Ethereum community, what it means for us and how we plan to honor it. Introducing the ETHx Power Pledge.
ETHx Power Pledge
With ETHx, we pledge to keep Ethereum decentralized by building a liquid staking solution that is accessible, reliable and rewarding.
By focusing on these three pillars, we aim to empower the Ethereum community and help secure the network further.
We seek to undertake this through the following initiatives.
Pledge for Decentralization
Ethereum needs a decentralized staking ecosystem that ensures a broader and healthier distribution of stake, reducing single points of failure.
We stand for a diverse and strong network of nodes that improves Ethereum’s resilience to disruptions, enhancing its stability, scalability, and security.
At Stader, we want to commit to enabling a decentralized staking network on Ethereum, starting with:
We will exemplify our Pledge for Decentralization by anchoring it on three key commitments.
1. Commitment to being Accessible
Building a liquid staking solution on Ethereum that is accessible to node operators and stakers alike is crucial for the network’s growth. By boosting accessibility, we seek to empower a wide group of people to participate and contribute to the ecosystem, showcasing that Ethereum is truly for everyone.
A. Accessibility for users:
To ensure that staking becomes an easy way for users to earn passive rewards, Stader will undertake the following initiatives:
B. Accessibility for node operators:
The three major challenges to accessibility for node operators are ‘Capital to bond,’ ‘Technical expertise’ and ‘Operational costs.’ Here’s how we’ll address the same:
2. Commitment to being Reliable
At Stader, we are committed to building a solution our community can trust and rely on. Our proof-of-work in building across 6 chains, incredible partners and fully doxxed team is just the start. We take security seriously and are ensuring ETHx is heavily audited.
A. Multi-layer security:
Multiple audits by leading cyber security firms, with a roadmap for bug bounties and on-chain monitoring. All final audit reports will be published once the audits conclude. Our current audit partners are:
Once ETHx goes live, here are the additional security measures that will be implemented:
B. Multi-chain experience:
C. Deep DeFi expertise:
This expertise will be leveraged for ETHx, powering up its utility to the fullest.
3. Commitment to being Rewarding
We believe that being active members of the Ethereum network should be rewarding for both node operators and users. To encourage participation and reward our community, we have designed and implemented several programs.
A. ETHx users and supporters:
B. ETHx node operators:
At Stader, we’re thrilled to be designing ETHx to decentralize Ethereum liquid staking even further, empowering all stakers alike with a more inclusive and community-powered solution.
As we move further along, we’ll strive to constantly innovate and contribute to our pledge in ways that are meaningful to the ecosystem.
For now, get ready for ETHx to unlock a new world of possibilities for the community.
Join the ETHx alpha list today and be the first to access $1M in rewards.
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