Operator Marketplace

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:

The Staking Library

Now, let's take a look at the underlying mechanism to see how this marketplace operates.

An Open Marketplace

Currently, there are 2 parties in this marketplace:

• Configurable Staking Pools

• Node Operators

In an open market that is regulated well, one's benefit is everyone's benefit.

A validator's Lifecycle

🟢A Validator's Lifecycle

Regulating the Marketplace

🔴Regulating the Marketplace

1. Configurable Staking Pools

Profit	Expense
Pool maintenance fee, up to 10%.	Gas cost

Staking pools are permissionless.

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.

Local and Global Security

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.

Pool Maintenance Fee

🔵Maintenance Fee

2. Permissioned Node Operators

Profit	Expenses
Up to 10% of the staking rewards.	Operational expenses.
Up to 10% of the MEV.	Gas cost.
Up to 10% of the Block Rewards.	Infrastructure cost.

Permissioned Node Operators are allowed to create and operate validators on behalf of the staking pools without any collateral.

Onboarding New Operators to the Marketplace

🟡Onboarding New Operators

3. Permissionless Node Operators

This topic is currently under construction. Check out the Degen Operators (WIP) for further information.