PowerStaking FAQ

What is PowerStaking Mainnet?​

PowerStaking Mainnet puts ETH on any L1/L2 through ETH validators. After staking with the Ethereum Deposit contract users register their validator with Blockswap Network’s protocol PowerStaking. This provides both the underlying stake and the validator as liquid tradable tokens. Users receive dETH (Multichain ETH) and SLOT Tokens (liquid validator). This is a 100% non-custodial process.

How do I get started?​

Launch web app and choose Launch App.

Should I join or create a PowerStaking?​

Joining a PowerStaking is recommended for most users unless validator owners or groups want to manage and grow a validator collective, creating a PowerStaking is best for these participants.

What is dETH? Isn't Synthetic ETH and Derivative ETH the same thing?​

dETH is the yield bearing derivative of ETH staked in the Ethereum Deposit Contract. At any given moment the PowerStaking registry can reconcile dETH on the Ethereum Network by locating its underlying staked ETH on the Beacon Chain. dETH collects gasless rewards from the underlying staked ETH on the user’s wallet.

No it is not synthetic. Derivative ETH is redeemable for its underlying ETH 1:1. The key here is redeemability for the underlying staked asset. Synthetic ETH requires unsustainably deep liquidity.

What are SLOT Tokens?​

SLOT Tokens have the exclusive management rights to the ETH validator and accrue the network revenue such as transaction ordering, gas fees and other optimizations like MEV.

How much ETH do I need to participate?​

To stake an ETH validator you need a minimum of 32 ETH, but with the features of Compound Staking you can stake an ETH validator with 4 ETH. No. You can purchase dETH and SLOT tokens from secondary markets.

Where can I buy dETH and SLOT tokens?​

Anywhere liquidity pools are available for dETH and utilizing the SDK for SLOT tokens.

Why is dETH not visible in my wallet?​

Not everything that is on the blockchain is indexed by Etherscan and MetaMask. Subgraph allows users to query any data that is on the Ethereum blockchain using specific queries. On your profile dashboard use the tool tip to submit a query through the PowerStaking Graph Playground to see your balance on chain.

Who can build on Blockswap?​

Anyone, PowerStaking is a permissionless infrastructure layer. As more and more users interact with this protocol users can build with PowerStaking derivatives for unique DeFi products.

Who is holding my ETH and validator keys?​

You are. PowerStaking never holds your keys and is simply a registry connecting your dETH and SLOT Tokens to the underlying staked ETH2 validator. Users are staking directly with the Ethereum Deposit Contract.

What commission does PowerStaking take?​

PowerStaking collects 0 commissions.

How do I leave PowerStaking?​

Validator owner’s can exit PowerStaking and retain their ETH validator. To leave the PowerStaking registry complete a “Rage Quit” by following the steps here.