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	Name	Description	Implementation notes
Deposits	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	TODO
Liquidity	PSM	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	uptime	2+ years of battle tested validator performance
	resilience	2+ years of surviving without nation state or legal attacks
	protocol reputation	Trust/ safety
	experience	2+ years of experience operating a ETH LSD
multichain	multichain minting	Allow minting on multiple chains with ETH bridges back to deposit on mainnet	See OZ xChain https://docs.openzeppelin.com/contracts/4.x/crosschain
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	CDP	Allow users to take loans against interest bearing staked ether - wsgLSD. Similiar to Ruler before. Depends on liquidity
	Options	Depends on above
	Leverage	Leverage via looping. Depends on CDP & Liquidity
	Index	Inclusion in index funds of DeFi LSDs. Depends on liquidity
Ethereum Foundation Criteria	Opensource	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
	Audited	Certik audit in 2020
	Battle tested	2+ years of operational uptime
	Trustless	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
Withdrawals	Withdrawals	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
	RPC	We offer an uncensored RPC that works with all dapps to our users