Choose your own operators.
We've learned about the Global Standard that Geode has created to establish a trustless marketplace between Staking Pools and Node Operators:
Now, let's take a look at the underlying mechanism to see how this marketplace operates.
- Configurable Staking Pools
- Node Operators
In an open market that is regulated well, one's benefit is everyone's benefit.
Anyone can create a staking pool with Portal.
During the creation process, a pool is configured with certain options like maintainer, interface, maintenance fee, etc.
Some of these configurations can be changed later by the controller.
When a staking pool is created via Geode's Portal, it uses it's own isolated storage. This storage is protected from governance attacks by Dual Governance.
After a validator is created, Portal holds no ownership on the pooled funds. It is simply transferred to a unique Withdrawal Contract guarded by the pool's controller.
Permissioned Node Operators are allowed to create and operate validators on behalf of the staking pools without any collateral.
This topic is currently under construction. Check out the Degen Operators (WIP) for further information.