Geode Finance
Search…
⌃K

Support for EIP-4788 (ETH) (WIP)

EIP-4788 and EIP-4895

​https://eips.ethereum.org/EIPS/eip-4895 (CFI for Shanghai Update)
There are currently two possible methods suggested for Withdrawal Operations on the Beacon Chain.
4788, is a version that supports trustless withdrawals from Smart Contracts living in the Execution Layer. This provides ease to the staking pools, however it is not going to be live soon.
4895, is a version that only allows withdrawals when Operator triggers. This is not so trustless as there is no way to enforce the validator. However, currently this is the version to be implemented.

Geode supports withdrawals with EIP 4895 and will support EIP-4788 when it is ready.

  • Operator withdraws remotely with a key, without any limits other than validator timeline stated when it is created.
  • Operator calls signalUnstake, this has some benefits within the marketplace as it is stated.
  • Telescope Nodes verifies the signal and either busts if signal was not genuine, or allows it by signing.
  • Funds emerges within "miniGovernance" contract of the Planet that the Exited Validator belongs to, without triggering the fallback.
  • If offchain Quorum is achieved, Operator fetches the signatures from watchers.
  • Operator calls the Safe Contract and finalizes the unstake.
Since it is very costly to handle all this operation, currently we are optimizing it further and prepearing for the EIP-4788.
However, it is not coming soon.