The major differences between SV, SSV and OV on StaFi Protocol.
The rETH is now live on Mainnet, stalkers can now enjoy the staking derivative of ETH2 pending the time the incentive campaign will be launched.
StaFi's rETH (reward-Ethereum) is Ethereum 2.0 staking liquidity solution, it is created to solve the problem of delegation and liquidity problem of staked ether. The main reason for the creation of rETH is to enable stakers have the freedom to stake without having to worry about the liquidity of their staked assets as rETH which can be traded will be provided by the protocol.
32 ETH is required by the ETH2.0 ecosystem as minimum staking amount, but with rETH the minimum staking amount will be lowered to 0.01 ETH. The rETH tokens which will be provided to stakers after staking can be traded on decentralized exchanges like Uniswap almost immediately.
For proper information about rETH solution, check here
StaFi protocol needs a large number of ETH 2.0 validators to run the ETH 2.0 nodes with the allocated stakers’ funds in the rETH solution as an Original Validator (OV).
There are three types of validators on StaFi protocol, it is possible for those interacting with the
StaFi chain for the first time to misunderstand the description of the validators. They are:
- StaFi Validator (SV)
- StaFi Special Validator (SSV)
- Original Validator (OV)
I will be explaining what their differences using Name, Base blockchain, Responsibility, Numbers, Rewards, Staking Requirement, Estimated Annualized Yield, Hardware Requirement, How to join and Participation availability.
SV
Name: StaFi validator
Base blockchain: StaFi chain
Responsibility: provide security to StaFi chain
Numbers: 1000
Rewards: staking rewards of StaFi chain
Staking Requirement: FIS self Bond > 1
Estimated Annualized Yield: 19%
Hardware Requirement:
system: Ubuntu 18.04
CPU: 2 cores, Intel Core
Memory: 8G
Hard disk: 200G
How to join: Establish and operate validate nodes on StaFi chain
Participation availability: Yes
SSV
Name: StaFi Special Validator
Base blockchain: StaFi Chain
Responsibility: Provide security to StaFi staking contracts
Numbers: unlimited
Rewards: staking contract liquidity fee sharing
Staking Requirement:
FIS Self Bond = n% of staked asset
Estimated Annualized Yield:
% of liquidity fee
Hardware Requirement:
system: Ubuntu 18.04
CPU: 2 cores, Intel Core
Memory: 8G
Hard disk: 200G
How to join: Provide validation service for staking contract
Participation availability: No
OV
Name: Original validator
Base blockchain: PoS chains like, Ethereum, polkadot, etc
Responsibility: Provide security to designated PoS chains
Numbers: depends
Rewards: staking rewards of designated PoS chains
Staking Requirement: depends
Estimated Annualized Yield:
5-20%
Hardware Requirement: depends
How to join: Establish and operate validator nodes on designated PoS chains
Participation availability: yes (rETH and rFIS)
Conclusion
In rETH, Original Validators specifically refer to the Ethereum 2.0 validators who have joined the StaFi rETH OV program and run nodes for the funds in rETH Staking Pool.
The StaFi rETH Original Validator Recruitment Campaign is still on going, check for a detailed description of how to join
You can join the community and learn more about StaFi Protocol:
Website ¦¦ Twitter ¦¦ Telegram Chat ¦¦ Telegram Announcements ¦¦ Discord ¦¦ Forum
First written here