A dead man's switch guarantees ETH staked with Sharedstake cannot be lost in case of humanly demise of key holders.
It functions via a scheduled email.
If the holder of the custodial keys is unable to extend this within 3 months it is sent.
The email contains an attached encrypted zip file.
The attached file contains:
- 1.instructions in case of demise of Chimera
- 2.instructions to exit Sharedstake validators
- 3.indices of all the SharedStake validators
- 4.the mnemonic
- 5.the password encrypting the validators
Guardians who receive the responsibility will receive the password for the zip file encrypted using their pgp public key.
This ensures third party hacks or investigations cannot uncover sensitive private key info of user deposits.