Overview

General Overview

Node Operators manage a secure and stable infrastructure for running validator clients for the benefit of the protocol. They’re professional staking providers who can ensure the safety of funds belonging to the protocol users and correctness of validator operations.

The upcoming general flow is imagined as the following:

A Node Operator expresses their interest to the DAO members. Their address gets proposed to the DAO vote for inclusion to the DAO's Node Operator list.
The DAO votes for including the Operator to the list of active operators. After successful voting for inclusion, the Node Operator becomes active.
The Node Operator generates and submits a set of signing public keys and associated signatures for future validators that will be managed by the Operator. When generating the signatures, the Operator must use withdrawal credentials derived from the withdrawal address supplied by the DAO.
The DAO members check the submitted keys for correctness and, if everything’s good, vote for approving them. After successful approval, the keys become usable by the protocol.
The protocol distributes the pooled STAKE. At that time, the Node Operator should have the validator already running and configured with the public key being used.
From this point, the Node Operator is responsible for keeping the validator associated with the signing key operable and well-behaving.
When the balance increases as a result of rewards, a fee is taken from the amount of rewards (see below for the details on how the fee is denominated) and distributed.
As withdrawals are requested, protocol publishes exit requests and Node Operators exit requested validators.

Expressing interest to the DAO holders

To include a Node Operator to the protocol, DAO holders must perform a voting. A Node Operator is defined by an address that is used for two purposes:

The protocol pays the fee by minting stHYPE tokens to this address.
The Node Operator uses this address for submitting signing keys to be used by the protocol.

Pass this address to the DAO holders along with the other relevant information.

PreviousSTAKE DAO NextBecoming an Operator

Last updated 9 months ago

General Overview

The upcoming general flow is imagined as the following:

A Node Operator expresses their interest to the DAO members. Their address gets proposed to the DAO vote for inclusion to the DAO's Node Operator list.

The DAO votes for including the Operator to the list of active operators. After successful voting for inclusion, the Node Operator becomes active.

The Node Operator generates and submits a set of signing public keys and associated signatures for future validators that will be managed by the Operator. When generating the signatures, the Operator must use withdrawal credentials derived from the withdrawal address supplied by the DAO.

The DAO members check the submitted keys for correctness and, if everything’s good, vote for approving them. After successful approval, the keys become usable by the protocol.

The protocol distributes the pooled STAKE. At that time, the Node Operator should have the validator already running and configured with the public key being used.

From this point, the Node Operator is responsible for keeping the validator associated with the signing key operable and well-behaving.

When the balance increases as a result of rewards, a fee is taken from the amount of rewards (see below for the details on how the fee is denominated) and distributed.

As withdrawals are requested, protocol publishes exit requests and Node Operators exit requested validators.

Expressing interest to the DAO holders

To include a Node Operator to the protocol, DAO holders must perform a voting. A Node Operator is defined by an address that is used for two purposes:

The protocol pays the fee by minting stHYPE tokens to this address.

The Node Operator uses this address for submitting signing keys to be used by the protocol.

Pass this address to the DAO holders along with the other relevant information.