SafeStake, a trust minimized middle-layer fostering the decentralization of ETH2.0 staking

Why SafeStake?

Security always comes first. Rust is king in preventing memory-related bugs and vulnerabilities, always beats Go in runtime benchmarks.

HotStuff Consensus protocol

HotStuff is the first partially synchronous BFT replication protocol. It is more robust than iBFT and helps minimize the validator’s slashing odds

Low Validator Staking Threshold: 8 ETH

We lower the ETH 2.0 staking threshold to 8 eths. It will drive a more extensive validator base, improve diversity and decentralization, and strengthen the security of ETH 2.0 staking

SafeStake network participants

Validators

The user is required to stake 8 ETH or more to become a validator. In SafeStake, a validation task will be performed by the operator nodes selected from the validators during the setup

Operators

The operator will be the service provider holding validators’ validation key shares and providing professional ETH 2.0 staking duties for the validators

ParaState DAO

ParaState DAO will be the decentralized organization that builds and maintains the network and will also be responsible for the maintenance and governance of the staking network

Non-custody infrastructure for Distributed Validator Technology

Resilient Validator Architecture

SafeStake Roadmap

The Galileo incentivized testnet is still running and there’s still plenty of time left to participate. We anticipate Stage 1 (currently running) coming to a close sometime in Q1, after we’ve implemented tokenomics into the network’s functionality. Once Stage 1 is complete, Stage 2 of the incentivized testnet will launch, introducing the staking pool functionality and low 8 ETH staking entry point.

Q3 2022

Galileo Testnet Stage 1 Launched (July)

Q4 2022

$STATE Token Rewards Distribution Announced for Stage 1

Q4 2022 / Q1 2023

Implement Tokenomics & Test on Stage 1 Testnet (w/ 32 goETH deposit)

Q1 2023

Finalize Testing & Fix Remaining Bugs on Stage 1 Testnet

Q1/Q2 2023

Implement Stage 1 Testnet on Ethereum Mainnet (w/ 32 ETH deposit)

Q2 2023

Implement MEV-boost protocol as side car to improve validator yields; Begin Stage 2 Testnet — Implement & Test Staking Pool Functionality (w/ 8 ETH deposit)

Q3 2023

Finalize Testing & Fix Remaining Bugs on Stage 2 Testnet

Q3/Q4 2023

Implement Stage 2 Testnet on Ethereum Mainnet (w/ 8 ETH deposit)

Q4 2023 & 2024 onward

Release SDK of the DKG, BLS framework for other protocols to build on

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