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 CategoryNameDescriptionImplementation 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

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