Core competitive features

Described below are core competitive advantages v2 hopes to have with notes on the features that will support them.
This should bring us up to par if not better with what is offered on the market
Feature Category
Implementation notes
Referral fee split
Boost deposits via referral fees. Referrers get a % of fees taken from staked ETH yield by just advertising a referral link
Split 1% of yield to referrers from referree deposits
Decentralized frontends via frontend fee split
Incentivize other frontend operators to boost deposits. Similar to liquity E.g. ledger, cex's, wallets
Split 1% of yield to frontends from referree deposits
Node operator fees
Split 5% to node operator for fees
DAO Fee split
DAO fees are disbursed to various operational expenses aligned with shareholder goals
Low & Scaling fees
Fees start 5% and scale up to incentivize early users
Decentralized validators
Permissionless validators via ERC6551
Validators use the same withdrawal address and are set up via locking SGT using a NFT via ERC6551. This allows anyone to run a validator for Sharedstake
Permissioned validators
Allow permissioned node operators to run validators via a DAO guarded validator registry signup
Permissioned validators with self stored withdrawal key
Peg stability module which draws a variable quantity of ETH rewards to build and manage a Protocol governed liquidity buffer on univ3
Deposit Incentives & liquidity creation
Early users will get SGT to deposit into protocol owned liquidity. The POL contract will lock deposits for 6 months before returning them to the user. It will match sgETH and ETH holders. Provided tokens will be added as liquidity into univ3. At the end of 6 months users get swap & SGT rewards and principal back.
Fee rebates
LPs get part of fees from yield
Liquidity fees
LPs get to keep any fees and token rewards from liquidity venues / farming
High efficiency liquidity
Using sgETH:ETH pegged at 1:1 provides higher efficiency on swap protocols used to handling stablecoins with similiar parameters
v1 inherited
2+ years of battle tested validator performance
2+ years of surviving without nation state or legal attacks
protocol reputation
Trust/ safety
2+ years of experience operating a ETH LSD
multichain minting
Allow minting on multiple chains with ETH bridges back to deposit on mainnet
low gas cost
low cost initial deposit flow
low gas to deposit into the protocol via simple initial flow
low gas deposits via partnerships
allow users to save gas via batch deposits handled via wigo
Node operator diversity support
Granular fee split
Allow users to pick ETH deposit criteria such as ETH2/ETH1 client, thus letting users support diverse clients. This way diverse clients are incentivized.
User deposit contract fires an event with UserETH2ClientPref, UserETH1ClientPref. Node operators running user specified clients get a fee split
Planned DeFi integrations and use cases
Allow users to take loans against interest bearing staked ether - wsgLSD. Similiar to Ruler before. Depends on liquidity
Depends on above
Leverage via looping. Depends on CDP & Liquidity
Inclusion in index funds of DeFi LSDs. Depends on liquidity
Ethereum Foundation Criteria
We satisfy the Ethereum foundation criteria of being open source on github
Bug bounty
We have an open bug bounty via discord. See the co-op section to see previous payouts. We previously used immunefi but find this way to be less time consuming
Certik audit in 2020
Battle tested
2+ years of operational uptime
Medium. Multisig can pull lever. Goal is to minimize governance and automate system
Permissionless nodes
Coming in v2 - see Decentralized validators
Diverse clients
Coming in v2 - see Node operator diversity support
Liquidity token
vETH2 peak $10m liquidity. sgETH in v2
Self custody
Coming in v2 - see Decentralized validators
Support for withdrawals, trustlessly returning user ETH and winding the system down
Enabled by the veth2 withdrawals contract & a system state switch which routes all exited eth to it integrated into v2
Censorship resistance
MEV Relays
Sharedstake uses uncensored profit maximizing mev relays and relays all transactions and blocks
We offer an uncensored RPC that works with all dapps to our users