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A Solution
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Portal, gETH and Withdrawal Contracts work together to ensure a global standard.
- 1.Geode's Staking Library utilizes an immutable token that is called gETH. It is the internal database of our Trustless Staking Derivatives.
- The risk associated with different staking derivatives are isolated.
- 2.These derivatives are maintained by Configurable Staking Pools.
- These pools are permissionless. They can be created by any centralized or decentralized entities, and even solo users.
- 3.Staking Pools can easily work with any subset of Permissioned and Permissionless Node Operators, via the Operator Marketplace.
- These Pools and Marketplace are hosted within a smart contract called Geode Portal.
- 4.Operators and Pools are unique, they are not pooled.
- The marketplace regulates itself with healthy competition.
- 5.Portal utilizes a Modular approach on Maintainers, Interfaces, Whitelists, Liquidity, etc.
- Nothing is decided. Things are customizable. Everything is possible.
- 6.Portal defines the interactions between users and pools, and pools and operators.
- An improved user experience for everyone, without sacrificing any possible features.
- 7.Validators are unique and immutable after creation.
- Changing associated parameters, such as fees, doesn't affect the previously created validators.
- 8.Fees are charged after a validator's withdrawal.
- Protecting the stakers until the previously agreed deal is over.
- 9.When a validator is created, Portal no longer holds any ownership on the pooled funds.
- The Portal is upgradable, but guarded with a Dual Governance.
- 10.Withdrawal Contracts are the "owners" of the validators.
- Every staking pool has a unique Withdrawal Contract that is guarded by the Pool Owner.
- 11.Trustlessness and Scalability are secured for future implementations, ensuring future staking innovations can be implemented.
- To make things like Synthetic Minting, Dynamic Withdrawals, etc. possible, Geode provides a bound liquidity pool as well.
Last modified 1mo ago