pon_network

𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗡𝗲𝘂𝘁𝗿𝗮𝗹𝗶𝘁𝘆 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 - a credibly neutral Ethereum MEV supply chain infrastructure.

[Zeb @Zeb_dyor]

🔍 Just had an enlightening chat with @daoboymatt from @RestakingCloud on The Deep Dive. Their visionary approach to making #Ethereum staking accessible and secure, especially for solo stakers is groundbreaking.

Don't miss out! 👇
https://t.co/B68B4BM7tg

[Restaking Cloud @RestakingCloud]

♻️Restaker Risks In Restaking Cloud♻️
If you own or operate any ETH validator, this is for you.

A lot of questions have been coming in around what are the risks of Restaking Cloud. Below we will assess the risks at multiple layers for those using Native Delegation.

Remember that Native Delegation syncs the consensus layer’s active stake weight of an ETH validator into Restaking Cloud’s K2 smart contract. Native Delegation uses @pon_network's on-chain validator registry and is compatible with all clients and infrastructure including solo stakers, @ObolNetwork , LST node operators, Eigenlayer EigenPods, @dappnode, and more.

Do I need to give up validator ownership or change my withdrawal credential?
When using Native Delegation, there is no change to the withdrawal contract operations. There is no additional withdrawal risk to your staked ETH.

Will my validator’s principle be subject to smart contract risk?
When using Native Delegation the node operator does not give any assets or permissions to smart contracts. There is no additional smart contract risk to your staked ETH principle.

I need to run MEV Plus, is this riskier than MEVBoost?
MEV Plus is an additional software that runs on the validator. It can be turned on or off and allows for modules to be plugged into it. The risk depends on what modules the node operator gives permissions to. An easy way to think about it is that MEVBoost gives access to MEV revenue whereas MEV Plus gives access to restaking yield+.

Do I need to switch clients or change my infrastructure to find compatibility with Restaking Cloud?
MEV Plus and Native Delegation are compatible with all clients and infra. This includes MEVBoost, DVT, execution & consensus clients, Dappnode, splitters, etc.

Restaking Cloud isn’t holding my withdrawal credential, how are slashings accounted for?
Slashing is the verifying of information. In Restaking Cloud’s K2 protocol, this is a paid service by middleware/networks. All slashing and payouts are algorithmically handled at the K2 protocol level. This means that the ETH at risk for node operators are their unclaimed rewards that remain in the pool. Restaking Cloud’s K2 has been formally verified; The risk engine makes sure that all networks have sufficient ETH to remain secured, all slashings can be honored, and the restakers’ principle remains protected. For a deep dive on K2, watch the walkthrough.

https://t.co/mJ5BMFyukZ

Do I need to update my fee recipient? I’m part of a smoothing pool.
Restaking Cloud asks you to set your own K2 fee recipient as any Ethereum wallet address or smart contract. This is a separate fee recipient from your validator’s fee recipient you use for receiving block fees and tips; You can use the same address if you’d like. The K2 fee recipient address receives yield from K2 and other Restaking Cloud protocols.

Are the rewards that I earn at risk of being slashed?
Those using Native Delegation are part of the restaking pool. Any unclaimed rewards are subject to slashing by Restaking Cloud. Minimum yield is 0%. Max slashing for node operators is 100% of yield. This is only possible during a correlated slashing event across the entire Restaking Cloud network.

It sounds like 100% of validators can join, doesn’t that cause a centralization risk for Ethereum?
When it comes to Native Delegation, neither the protocol nor its smart contracts have any claim on an underlying validator or its ETH. This keeps Ethereum decentralized as each party retains full ownership of their assets. As far as a client, you can think of Native Delegation as similar to MEVBoost.

What kind of risk does this put on the consensus layer of Ethereum?
Restaking Cloud has no direct influence on the consensus layer or its assets.

Ok, but who has custody of assets within Restaking Cloud?
Restaking Cloud is a smart contract protocol without a single entity having custody.

Is there an Oracle risk?
Restaking Cloud does not use any oracles.

What risk is there of a multisig or veto stopping my rewards?
There are no committees, multisigs, or vetos that can stop a rewards payout.

Is Restaking Cloud compatible with current staking protocols?
Yes. In some cases, the protocol may need to determine how they will receive and distribute rewards within their stakeholder matrix. Not a bad problem to have – achieving a equitable distribution at the social level.

If you made it this far and still have questions. Feel free to add them to the comments below.

[Blockswap @blockswap_team]

We have a new website featuring our 36+ products and protocols.

CC: @RestakingCloud @stakehouse_BSN @pon_network

https://t.co/vIaadGKYSy

[Restaking Cloud @RestakingCloud]

Tomorrow November 16 is Multichain Day in Istanbul. Come join us to learn all about

-Ethereum Restaking

-MEV & Intents

https://t.co/elI6GCY55X

[pon_network @pon_network]

Tomorrow November 15 is our Intents House.

It will be an intimate session to discuss all things Intents in an open format.

Apply to join here.

https://t.co/hxdynQoo1I

[Restaking Cloud @RestakingCloud]

🚨Multichain Day Schedule Announced🚨

This is your opportunity at Devconnect to…

✅Learn about Restaking Cloud and meet the ecosystem

✅Hear from some of the biggest names working on Intents

Schedule: https://t.co/elI6GCY55X

[pon_network @pon_network]

Come join us for an afternoon discussing intents.

Seats are very limited.

https://t.co/hxdynQoVRg

[Restaking Cloud @RestakingCloud]

1/ 🚨Wave #2 Speakers Announced🚨

Multichain Day is an event with two tracks - Restaking and Intents.

Regardless of why or when you arrive, know that you will hear from some of the best builders and thought leaders in the industry.

Let’s look at who is new to the lineup.

[pon_network @pon_network]

https://t.co/BivtA7irGz

[pon_network @pon_network]

beginning of new beginnings

https://t.co/eJX90wIt7k

[Restaking Cloud @RestakingCloud]

1/ 🚨Wave #1 Speakers Announced🚨

When arriving at Multichain Day at @EFDevconnect you can expect to hear deep insight from industry legends and network with the broader Restaking and Intents ecosystems.

See you all there.

[BitcoinWorld Media @ItsBitcoinWorld]

We are excited about the upcoming event at Devconnect hosted by @RestakingCloud and @pon_network .

@Devconistanbul On 16th Nov 2023

Visit :https://t.co/alUDphtSqW

[Bitcoin Garden @BitcoinGarden]

Intents and Restaking. November 16, 2023 @ Devconnect Istanbul, Grand Hyatt Hotel https://t.co/oxGG0xN8Oq tnx @blockswap_team @restakingcloud @pon_network

[CryptoBrowser @Crypto_Browser]

We are happy to announce we are a media partner at Devconnect Istanbul! Find out more about the event here: https://t.co/wm6GMHxPbV
@restakingcloud @pon_network #CryptoBrowser

[Blockswap @blockswap_team]

1/ Multichain ERC20 is coming to @EFDevconnect in Istanbul on November 16🇹🇷

This event will feature two event tracks:

Ethereum Restaking✅
Hosted by: @RestakingCloud

MEV & Intents Day✅
Hosted by: @pon_network

[Matt Shams @daoboymatt]

What if we give a fair say to deciding their block's MEV value to the Proposer rather than considering them as an adversary?

[Restaking Cloud @RestakingCloud]

1/ 🚨CODE WALKTHROUGH RELEASED🚨

K2, our first restaking protocol extends ETH security to all blockchains & RWA

Middleware can verify their operational integrity and anonymously verify data with credible neutrality

Learn more about K2 before testnet

https://t.co/TEiB5PdV2x

[pon_network @pon_network]

Register Register Register ✅

https://t.co/8B8WRkzp2c

[pon_network @pon_network]

You are only a few clicks away from upgrading your MEV game! 💪

Register as a PoN Proposer here 👉 https://t.co/ILI8IdnfNP

[pon_network @pon_network]

You are only a few clicks away from leveling up your MEV game 💪

https://t.co/LAnk6egk65

[pon_network @pon_network]

Registering your validator as a Proposer with PoN is very easy!

Register here 👉 https://t.co/ILI8IdnfNP

[Blockswap @blockswap_team]

What is the Zero ETH Club?

Check out our technical walkthrough to learn how the ZEC allows node operators to stake a validator with zero ETH 🙌

https://t.co/rM7dqnehUH