Ethereum’s journey towards trustless staking takes a momentous leap as Diva Staking proudly unveils its Operator Testnet. In just one month, Diva Staking has made a significant stride by onboarding 119 permissionless Operators, with both new and seasoned Operators joining each day!
Diva Staking Protocol: A Beacon of Trustless Ethereum Staking
The Diva Staking Protocol is a trailblazing initiative dedicated to making Ethereum validation technically and economically accessible, offering the ideal conditions for both Stakers and Operators. Aligned with Ethereum’s core values, Diva’s development of Distributed Validation Technology (DVT) marks a pivotal milestone on Ethereum’s roadmap — a vision originally shared by Vitalik Buterin.
Operating with Diva
DVT represents a critical breakthrough, addressing significant challenges within the Ethereum ecosystem. By allowing validators to function as clusters, DVT eliminates single points of failure and ensures consistent redundancy. This innovative approach confers substantial advantages to various validator types.
Benefits of Operating a Diva Node:
- 💫 More Inclusive: Unlike other permissioned networks, running a Diva Node with just 1 ETH is now within reach, fostering client and geographic diversity.
- ⏫ Fortified Resilience: Harness the power of DVT, which offers slashing and downtime protection.
- 😊 User Experience: A user-friendly web UI combined with automatic key management ensures smooth operations.
Begin Operating on Diva Testnet!
Step 1: Download Diva
Step 2: Choose Your Own Installation Mode
Option B: Install Diva by editing the configuration manually; Run a full pre-configured Diva client — Setting up with Diva Testnet is designed to be hassle-free
Option C: Run a DAppnode package — Developed by a community member!
Step 3: Register Your Node!
Access the Diva Operator web UI, and follow this video tutorial to register your node.
Once you have completed the three steps, your node is live! Stay tuned in the Diva Operator Testent Announcement channel in Discord as updates continue to roll out!
Diva Staking Protocol: Redefining Ethereum Staking
The Diva Staking Protocol aims to reshape the staking landscape by offering Liquid Staking powered by Distributed Validation Technology (DVT). Its overarching goal is to provide a resilient and decentralized staking environment that utilizes cryptographic mechanisms to mitigate risks.
Diva is currently under development, and is supported by a burgeoning community in the form of the Diva Staking DAO. Tokens were initially distributed to Stakers, Operators, and contributors to ensure equitable representation within the ecosystem.
In summary, Stakers deposit ETH to obtain divETH. Operators lock divETH and run a node to generate additional divETH Operator Rewards. Validation is fully handled by the Diva client with no action required from the user.
This process unfolds in the following steps:
- Liquid Stakers deposit ETH to Diva’s Smart Contract and receive liquid divETH, which generates Staking Rewards.
- ETH deposits are deposited (or bridged) to the Ethereum Consensus Layer in increments of 32 ETH to create Ethereum validators.
- Each validator is operated by 16 Key Shares, which together act as a validator key.
- Operators can lock divETH collateral to run a Diva node and operate Key Shares to generate additional Operator Rewards.
In the current version, no collateral is required! Key shares are sent automatically to live operators.
Diva Operator Testnet is relatively new and has only been tested in Intel, Geth, and Teku. You can get involved by reporting bugs, suggesting improvements, and helping test more client combinations!
In conclusion, Diva Staking’s Operator Testnet launch marks a significant step towards trustless staking on Ethereum, embodying the principles of decentralization and inclusivity. As Ethereum’s landscape evolves, Diva Staking stands at the forefront, paving the way for a more robust staking ecosystem.
For more details and information on Diva Staking, visit diva.community.