I completed a year of working full-time with
@staderlabs
on April 1.
One year back, I probably won't have known that I'd be running an
@ethereum
node, let alone working on an ecosystem first. One year later, here we are.
👇
Imagine being one of the first (50) people in history to experience what it is like to run a node with just 4 ETH.
Shape the future of $ETH home staking with us.
Dear
@ethereum
fam,
Our mission to support decentralization for
#ETH
staking has begun!
Test $ETHx for permissionless node operations.
🚨 Apply now:
First 50 applicants will be a part of the Genesis Node Operator Community to shape the future of ETHx!
There is a lot to say about the things that made
@EthereumDenver
what it was.
The incredible people, great conversations and infectious energy.
Personally, it was a series of firsts for me.
A small part of the incredible
@staderlabs
team.
As a fully remote organization, our relationships have been built across screens and on group chats.
If you saw us together, you’d never know most of us were meeting in person for the first time.
Can’t wait to see the full team.
Everyday I wake up and sleep to the beat of Ethereum.
Since we're here, you should know that while there's nothing else I'd rather be doing, that wasn't always the case.
When I joined
@staderlabs
, you could talk to me about LP and I'd think you meant anything from a landing
Finally got around to unboxing the
@KeystoneWallet
Pro
@CosmosHOSS
hooked me up with at
@EthereumDenver
.
I've been tinkering around with it for a while now and I love how it's completely air-gapped.
The onboarding and set-up just add to this sense of security.
👇
Looking to work with content freelancers who specialise in writing emailers and long form.
▻ Prior web3 experience ideal; major ++ if DeFi
▻ Works in IST
▻ Paid gig
If you know someone who might make a good fit, please tag them below. DMs always open.
The
@staderlabs_eth
litepaper for ETHx just dropped and we're speaking with
@DeFi_Dad
about it.
Chat with us about the increasing need for LSDs and how there's no better time than now.
Peep our litepaper here:
🔗
300 nodes registered with the
@staderlabs_eth
network and this is just on testnet.
To know everything that's in store for the next few weeks is exhilarating.
I can't wait to see how it pans out, to learn from it and to go from there.
Fun times.
A key feature of
@staderlabs_eth
's ETHx is that anyone can permissionlessly run nodes with us.
This is made better by introducing the lowest bond requirement in the ecosystem: 4 ETH
While any amount of $ETH can be staked as $ETHx, all it'll take is 4 ETH to run your own node.
What we're building with $ETHx is an ecosystem first; with the potential to be a gamechanger.
For anyone looking to run their own node independently, this is where it should start.
You don't need 32 ETH. Not 16, or even 8, for that matter.
All it'll take is 4 ETH.
High $ETH bond requirement has limited scalability of permissionless node operators so far.
So we ran detailed simulations with
@ssv_network
to find out the "right bond."
Result?
4 ETH is enough to protect user funds from key risks.
Proof. 👇
Looking to work with an
#NFTartist
for a super cool community project.
Promise to not bog it down with heavy brand guidelines or ask for deviation from independent art style.
Individuals and agencies both welcome.
Please drop in your recommendations below. DMs open.
⍛ $300M+ TVL
⍛ 130k+ $ETH deposited
⍛ 16k+ restakers
All this before
@eigenlayer
LST caps have even unpaused.
From 05 to 09 Feb, 12 PM PT, get
@eigenlayer
Points on top of 100k bonus Kelp Miles! 🌱
Join the Kelp Carnival & get upto 3x the bonus. That means 300k Kelp Miles!
At
@staderlabs_eth
, we plan to be early adopters of DVT to encourage home staking and decentralisation for ETH even further.
Find out why we're building a DVT stake pool with
@ssv_network
and more details about ETHx design.
AMA happening now. 🎙
It's live.
In July,
@GAmitej
appeared on a podcast with
@DeFi_Dad
and
@Nomaticcap
and shared a vision for a liquid restaked token on
@eigenlayer
.
Cut to 12.12.23, the team at
@KelpDAO
has done it.
$rsETH is officially the first LRT to hit Ethereum mainnet.
The
@eigenlayer
Early Queue is now live! 🌊
Restake $stETH and $ETHx, mint $rsETH and sit back.
We'll automatically deposit your assets once the EigenLayer caps lift on 18th Dec.
Get EigenLayer Restaked Points and boosted Kelp Miles.
⚓
Setting up my own $ETHx node on testnet as we speak.
I know exactly what goes into this now. Not just the effort, but the willingness and the trust.
With this context, 200 participants in under 24 hours is especially meaningful to me.
So chuffed about this community.
Dear
@ethereum
node operators!
The $ETHx Rolling Beta launch was a massive success. 🔥
200+ participants and 25+ activated validators in less than 24 hours!
🔗
Big thanks to the ETH NO community for your trust and support.
Here’s a 24 hours recap. 👇
Quick break from regular $ETHx programming for another equally cool passion project.
Meet the Liquid Restaking Token.
A first of its kind DeFi primitive.
Stader is bringing a new DeFi primitive to the staking landscape.
Liquid Restaked Token
A first of its kind, unique solution that enables you to make the most of your $ETH.
🧵👇
3 days.
3 commitments.
To keep
@ethereum
decentralized with a liquid staking solution that's accessible, reliable and rewarding.
Unreal to think
@staderlabs_eth
ETHx is almost here.
Introducing $rsETH
A liquid restaked token powered by
@staderlabs
.
The first of its kind DeFi primitive that enables you to maximize rewards across the Ethereum ecosystem.
Now live on testnet!
🔗
🧵👇
I wish I were being more eloquent. I'm just excited to see how this journey evolves once
@staderlabs_eth
is live on mainnet.
Until then, and up until now, I'm thrilled I get to build something I care this much about.
Grateful for a team that makes every day incredible.
🚨 Attention
@ethereum
community!
If you’re interested in running an $ETH node—
Our $ETHx Node Operator Community Call
#2
is for you!
Here are the details:
📘 Theme: ETHx Node set-up 101
🗓️ Thursday, March 30
🕠 11 AM UTC
📍 Google Meet l
The agenda 👇
4 supremely cool people talking about one of my favourite things.
Listen to Amit and Dheeraj chat $rsETH with
@DeFi_Dad
and
@Nomaticcap
.
@eigenlayer
caps unpause on Jan 29, 12 PM PT.
@EthereumDenver
@staderlabs_eth
Personally, I'll be there starting 25th. By 27th, we'll be a complete set.
Between the team, we'll be at Interop Summit / DAODenver / DeFi Denver / Schelling Point / zkDenver among many other, equally cool events.
Tell us where you're hanging and we'll try stopping by.
Excited to explore
@NickDrakon
's
@ReveloIntel
once it opens to the public.
Covering 100+ projects, podcasts & people across DeFi at launch, I can only imagine how efficient it might make research.
Stats from
@KelpDAO
launch:
⚡️ 25% of
@eigenlayer
deposits today were through Kelp.
💰 38,000 ETH with 15,750 $ETHx and 22,000 $stETH in deposits
🧑🤝🧑 3,600 users hold $rsETH, making it the most significant and viable LRT (native/LST-based)
🚀 Kelp is just 6 days old!!!
3/
@Hedged_Adi
Intern with the Founder's Office. Ask him questions related to the
@staderlabs
governance forum, $SD token dynamics and our upcoming xSD (staked SD) tokens.
Also meet some more incredible folks from
@staderlabs
:
1/
@berwin_d
Marketing lead for
@stader_hbar
; your go-to person for all things HBARX and the
@hedera
community. Between Berwin and I, ask us anything you'd like about the
@stader_bnb
launch, too.
FTXed is LIVE!! 🚨🥳
Go to now to play our latest meme game, relive the pain, and earn some MATIC!
Upvote FTXed on
@ProductHunt
for good karma! 🙌 💜
FTXed: The most fun play-to-earn game on Polygon! By Flappy Musk
This was the first time I met some of our investors, partners (protocols, community members, creators) and others we’ve only known virtually irl.
It’s easy to think that a team is made up of only those on a common Slack chat.
That’s barely the surface.
It was the first time I met two of my teammates. Ever. The first time I spent a week around and with any of them.
We’re a fully remote team. So many faces and voices familiar only over a call, across the screen.
It amazes me to see how highly functional and in-sync everyone is.
For now—
If you’ve met us, have only heard of us, are looking to work alongside us or have no idea about us whatsoever, a quick round of introductions.
Too bullish on
@ssv_network
and all the incredible work they're doing with DVT.
It's a team of purposeful, collaborative and kind individuals, and every interaction is a delight.
Happy to make introductions!
It's me again :) In preparation of m*****t, we at
@ssv_network
are expanding our team :) Looking for
1) Product Manager, Integrations
2) Developer Relations
3) Social Media Manager
DM me if you are interested and appreciate an introduction as well!
As a company, we’ve been relatively quiet builders. It’s one of the things I liked best about
@staderlabs
when I interviewed.
Keeping our heads down, focusing on creating value.
While none of that changes, expect to see more of us.
The era of
@staderlabs_eth
has barely begun.
Dear
@ethereum
community,
ETHx Rolling Beta Part 1 is closed now.
Thank you so much for making it a roaring success!
With Part 2 beginning on May 2nd, watch out for new alpha!
Join our Discord today and be the first to know.
👉
Now onto the one thing that ties it all together.
A kickass conference squad that holds space for you, shows up when you need it, and backs you up even when you don’t.
This one went above and beyond.
This was the first time I met
@staderlabs
users at this scale.
Everyone who knows me knows how integral Stader is to my current professional purpose. How strongly I feel about what we’re building with
@staderlabs_eth
.
However, a bubble can become an echo-chamber.
Anyone know someone who can print me some really fun hoodies?
Not black/white. Custom colour.
Prefer to work with people who can:
◼︎ Turn it around in 3 days
◼︎ Take small batch orders
Ideal to have this done in Bangalore but open to getting it shipped from anywhere in
Nothing quite beats the feeling of some of them recognising our hoodie, walking up to us and sharing their experience of staking across our chains.
It’s so gratifying.
This hoodie has been nothing short of a badge of honour, an armour.
This is terrible.
Notable community voices cannot and should not be deplatformed like this.
Jasper puts in significant work on this platform and this is a real loss for everyone who stands to benefit from it.
I just found out that
@Jasper_ETH
’s account has been permanently been put on read-only mode. This is a travesty as Jasper is an amazing contributor on
@X
. We all need to work together to get Jasper back!
We didn’t have a booth. Neither did we print any marketing material. No flyers, no standees. It was just us.
We would be up and out of the door every morning; entering venues, taking jackets off in unison. The black
@staderlabs
hoodie on display.
The feeling never gets old.
Most of this possibly won’t have held similar drive if we weren’t representing the interests of, and striving to do right by, a stellar team back home.
You’d have to meet the entire lot to believe just how good it can get.
Excited to see how the experience plays out.
Big thanks to
@CosmosHOSS
for his generosity. I was kinda sold on
@KeystoneWallet
from the start owing to his raving endorsement
Easily one of the best presents I've taken back from
@EthereumDenver
, the biggest being the friendships!
▻ Will 4 ETH really work? What about tail risks?
We ran detailed simulations with
@ssv_network
before arriving at this number.
More about how we're making this happen here.
Decentralization is at the heart of
@staderlabs_eth
's liquid staking token, ETHx.
We want to reduce the barriers to entry for home stakers so they can run more nodes.
Here's how we’re doing it.
🧵👇
We're now live on testnet! 🌊
Join the $rsETH dApp beta and test out the deposit flow.
🔗
Share your feedback with us and get rewards from a $1000 pool.
Top contributors could also be whitelisted for future airdrops! 👀
Here's how. 👇
Shoutout to
@BharathVedarth1
for being the coolest.
He helped me set up my own node, and today, he's doing it for all aspiring $ETHx operators on this community call.
Legend.
@_Curmello
@staderlabs_eth
Appreciate this comprehensive and detailed review
@_Curmello
! Glad we could provide a smooth experience. Thanks for testing with us and look forward to having you join mainnet!
The collective is so much larger than that. Everyone who chooses to believe in the protocol, the people in it and the roles that they’ve been entrusted with.
The past week has reinforced with greater intensity that shared belief is what makes us who we are. Keeps us going.
2/ A liquid restaked token by
@KelpDAO
is now on mainnet.
An Early Queue for $rsETH is currently accepting $stETH and $ETHx deposits, closing the loop on more utility for LSTs.
Adds a layer of rewards with Kelp Miles in addition to ELRPs and maintains liquidity for DeFi opps.
Combining this with
#2
& how only few might do this, it didn't make as much sense for us to have it be 8 ETH.
This comparison of the 4 ETH v/s 8 ETH bond and its implications on full-blown MEV theft can be found in the appendix section of our litepaper.
Dear ETH community,
ETHx litepaper is now live!
🔗
Stader’s new LSD is coming to help decentralize, grow your DeFi yield and support Ethereum network.
Here’s all you need to know!
👇
▻ What about MEV theft?
1/
@staderlabs_eth
will have a mechanism in place to identify people trying to subvert MEV and have them actioned against.
We'll be looking into whether to have a 3-strike policy or something slightly more stringent for this.
@datboi_dubb
@staderlabs_eth
Hi, thanks for the question. The chain-agnostic answer to this would be 3-fold, from where I see it.
1. Privacy and security benefits
2. Not relying on third party players/other nodes within the network; hence, more sovereignty
3. Strengthening the network/decentralization
—this is not possible to know apriori. Hence, there will be strong deterrence with the chance of losing ~1 ETH on average.
3/ Talking only about MEV theft of extreme high numbers, 4 ETH v/s 8 ETH recourse is negligible and hardly makes a difference to net yield for users.
This is done with the aim of reducing entry barriers for home stakers and enabling them to run more nodes independently.
With a bonding requirement so low, however, it can bring us to a couple of questions.
Finally, this was my first international web3 event.
This was also the first time we hosted an event.
We wanted to create space, swap ideas and generally be bullish on ETH.
I’m proud of the experience we delivered in the time we had.
All my gratitude to
@DenverChopHouse
.
2/ The median daily MEVs are at ~0.2 ETH/day/validator.
Someone changing their fee recipient, being caught and actioned with ~1.6 ETH fine would be expected to lose ~1 ETH.
While there will be exceptions where someone gets high MEV (even 100-400 ETH)—
ETHx DeFi at a glance!
As we continue to unlock more opportunities for $ETHx stakers,
Here’s a round-up of all our DeFi partnerships so far.
Keep the Ethereum decentralized with the most rewarding LST on the block.
Stake now!
🔗
Being compatible with a whole host of hot wallets in theory is one thing– I had some reservations until I got around to importing mine.
It was actually quite convenient, which makes it even better.
All in all, seems like a pretty solid bet for storing assets long term.
@EthereumDenver
made me realise that what we’re working on isn’t in isolation.
70k unique wallets staking with us is a data point. There is a perspective jolt each time you realise data represents real people.
There is so much to go over; to be grateful for.
The arcade games, Dance Dance Revolution, the warm food and delicious snacks, the welcome hospitality and great venues, the coolest merch, the hugs, the best company, and everyone I shared these with.