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:

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

Regulating the Marketplace

1. Configurable Staking Pools

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

2. Permissioned Node Operators

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

3. Permissionless Node Operators

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

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