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:
pageThe Staking LibraryNow, 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
🟢pageA Validator's LifecycleRegulating the Marketplace
🔴pageRegulating the Marketplace1. 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
🔵pageMaintenance Fee2. 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
🟡pageOnboarding New Operators3. Permissionless Node Operators
This topic is currently under construction. Check out the Degen Operators (WIP) for further information.
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