PowerStaking
  • PowerStaking Protocol
    • The Concept​
    • Overview
    • Staking ETH
    • Joining and Creating a PowerStaking
    • Withdraw dETH
    • Rage Quit
    • Withdrawals in the PowerStaking Protocol
    • Withdrawals in depth: The Rage Quit Assistant
    • Common Interest Protocol
    • Introduction to Subgraph and example queries
    • CIP Subgraph
  • Developer Resources
    • Developer Resources - Overview
    • Balance Reporting using the PowerStaking SDK
    • Staking a Validator using the PowerStaking SDK
  • What is Testnet?
  • PowerStaking FAQ
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  1. PowerStaking Protocol

Overview

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Last updated 11 months ago

PowerStaking is an AMM that sits as a registry for the Ethereum Deposit Contract (EDC) and validators. At any point, the registry can reconcile which wallet owns which ETH in the underlying validators. This allows the user to then mint 24 derivative Ether tokens (dETH) and 8 derivative liquid validator tokens (SLOT) with 100% redeemability and accountability. This is done in a trustless manner and without custody; PowerStaking never holds onto a user’s ETH or validator keys. PowerStaking doesn’t collect commissions. The protocol acts as a value add layer to all those looking to stake a validator or access validator yields.

Multichain ETH provides unique features and opportunities for dETH and SLOT.​​

  1. Stake a 32 ETH validator with the Ethereum Deposit Contract through the PowerStaking registry.

  2. PowerStaking AMM mints 24 dETH and 8 SLOT (4 to collateralized pool, 4 to wallet) to the wallet.

  3. Sell or purchase derivative tokens.

  4. Exit PowerStaking anytime with the validator.