Updates
Info & updates about v1 withdrawals from veth2 & SharedStake v2
- First voluntary exit triggered. Testing commenced on mainnet. Account 289 | abnormally-patient-fish [validating public key] 0xa9b088aa3cf39ef84bb1d8339820d7b1312f92381c94a6ba786065eec73112bf1ae59376d0efefc543e1c983c1e9620d Validator number 115367 on mainnet. Voluntary Exit triggered https://beaconcha.in/validator/a9b088aa3cf39ef84bb1d8339820d7b1312f92381c94a6ba786065eec73112bf1ae59376d0efefc543e1c983c1e9620d
- Discord AMA
- SIP-33 - H1 payouts vote: up on snapshot: https://snapshot.org/#/sharedstake.eth/proposal/0x8d309fb7e0ad2054bb5988af4aff7fd0ccdc6a39584d7017ea2ee0eb403387a4
- Added new verified OTC trader role on discord to reduce scams
- UI
- Added more precise wording on withdrawals and redemptions FAQ
- Now shows total redeemed so far etc
- First batch of mainnet validator withdrawal key changes attempted
- Roughly ~9-10hrs to receive ETH on EL
- Roughly ~6hrs quoted on beaconcha.in to change keys
- 311 validators prepared for exit with exit address set to sharedstake.eth
- 630 ETH buffered into Withdrawals for vEth2
- 743.71 sgETH buffered into Rollovers clearing the current Rollover demand
- Next step is to initiate exits of the validators to satisfy remaining demand
- Total vETH2 staked to demand at 1.1 redemption price:
- Rollover : 676.58 => 744.24 sgETH
- Withdrawals : 7288.3046 => 8017.13 ETH
- UI
- Gas issue fixed. The UI gas issue has been fixed. It should now autosuggest good gas setting for users that arent used to setting them manually. Thanks to Tom
- Snapshot proposals for v2 params posted
- SIP-32: [TEMP CHECK] SHARED DEPOSIT V2 Launch
- SIP-32.1: Choose numValidators param
- Goerli validator exit test for v2 started!
- exit called on goerli validator previously deployed: https://goerli.etherscan.io/tx/0x688ed39c6fbda86ae9faa12326e743d485d8b8a984f07667dd6aa13c63304920
- 24hrs so far. we expect the yield to be received here https://goerli.etherscan.io/address/0x67c2F94F308F7fe6Dd1bf1bD7BF55715E1b1579b
- Server setup for Goerli validators
- Server setup for v2 ETH mainnet validators
- Same as before. 64GB RAM, 2TB nvme
- Note-deployment params
- reward cycle length - 1 day
- max validators - 10,000 (to be set to community choice by multisig)
- Following doc pages added/updated:
- Guidelines on working for the DAO to avoid spam https://docs.sharedstake.finance/join-the-sharedstake-co-op/working-for-the-dao
- Comparison of V2 vs V1 and key changes https://docs.sharedstake.finance/sharedstake-v2/key-changes-over-v1
- Rollover / Restake / Withdraw overview https://docs.sharedstake.finance/withdrawals/understanding-the-withdrawals-rollover-process
TODO
- V2 + withdrawals launch article
- H1 SGT payout
Links:
- updated infra to prysm 4.0.7 w/ perf optimizations for larger clusters like ours
- prep for AMA tomorrow
- inbound leads from unsheth
Website fixes:
- fixed rollover displaying veth2
- Added more user hints
- Connect button refactors from wjakub landed
Plan post mainnet deploy / next steps:
In person events
- ETHGlobal paris
Explore partnerships
- SSV
- Obol
- Yearn
- Curve - no inbound leads yet
- Rocketpool
- Liquidity pool with Frax
- Zerion
- Join wido
- CDP providers?
- Other liquidity pools?
Add phases
- Phase 2 - Attribution - allow users to signal referral, front end, validator client preference etc
- Distribute rewards to partners based on referral / front end source attribution
- Add oSGT - options SGT which lets users spend ETH to acquire SGT at discount as rewards
- veSGT v2 - add simplified single token staking veSGT
Explore comms
- Medium article on v2
- Twitter spaces w/ community
- Spaces with other protocols
- Threads account
- Paid media via marketing multisig
CEX
- Get market makers
- Pyrcto?
- BTCEX leads
- List if free on any
- Raise funds if not?
- List targets
- BTCEX
- Bitzlato
- others?
- We had 2 rounds of community calls on Discord and a thread to gather user feedback so far
- Updates made to the UI based on user feedback:
- Wrap pages for SgETH to wsgETh
- Unwrap page for wsgETH to sgETH
- Hints to the wrap page for Rollover users
- More user hints on user balances so users can guess if the tx passed or not
- Refactors
- Bugfix on steps where deposit stayed incomplete on the completed page
- Fixed site not loading on MM non-connected browsers / other browsers / mobile
- Fix regression where users would still see the redeem button on rollover/withdraw even if there wasnt enough eth in the contracts
- New desktop menu changes from WJakub
- Cleaned up dashboard on landing page from WJakub
Note: Want to contribute or fix something? Awesome! Make sure to pull the v2-dev branch and target changes to it. https://github.com/SharedStake/SharedStake-ui/pull/146
SharedStake v2 RC2 is now available for public preview on Goerli:
If you deposited vETH2 in the first round you can now redeem for ETH or rollover into sgETH. Please test out the flow. Deposit, followed by a wait, followed by redeem will be the mainnet flow.
If you haven't tried out the rollover/withdraw flow yet you can still try!
get Goerli vETH2 here 4 Steps to try contract:
If you tried staking in RC1, try out wsgETH staking and unstaking. Period is 1 day to see rewards.
Successful Goerli testnet deposit!
Many updates and bug fixes landed:
- wsgETH staking UI ✅
- Goerli v2 testnet ETH deposit ✅
- Let users get wsgETH, interest bearing staked eth directly from the website and receive rewards via it
- Fixed wsgETH in/out calculation on frontend
- Frontend cleanup and minor bug fixes
- Contract bug fixes
TODO:
- Test out APY calculation on wsgETH (current epoch is 1 day, so takes a day to see rewards, mainnet will be ~1wk to validator activation queue time)
- Test out validator exits on Goerli (This relies on the validator being activated which will take a day)
- Let users test out the 2nd phase of withdrawals, redeeming their ETH or sgETH from the testnet contracts + any bug fixes
- V2 + withdrawals launch article
- H1 SGT payout
Links:
Withdrawals, rollover and v2 stake/unstake UI testing live on Goerli.
- Contracts live on goerli with several rounds of changes
TODO:
- Community test and patches/fixes
- wsgETH staking UI
- Old Goerli validator exits
- Goerli v2 validator batch deposits
- mainnet
Updates:
- v2 live on goerli
- rollover contract for veth2 to sgETH (v2) built
- v2 rc1 built
It takes time to withdraw ETH from the beacon chain.
Here's what we have left to do
- Withdrawals and rollovers deploy
- Withdrawals & Rollover UI
- repeat on mainnet
Here's what we assume timelines and the process will look like once code is deployed on mainnet.
- 1 wk - Users stake into the withdraw and rollover contracts to assess exit demand
- Validator exits called
- Variable - 1 wk - Validator ETH is exited into exit address. Depends on ETH beacon chain exit time
- Users redeem and remaining users are counted into next epoch
A new streamlined contract was written for withdrawals / redemptions of vETH2
Currently the test contract is deployed on Goerli for feedback and testing
Test contract on Goerli:
Source:
- 1.Get goerli test vETH2
- 2.Approve the withdrawal contract to pull tokens
- Go to the goerli test vETH2 contract https://goerli.etherscan.io/address/0x0d3c0916b0df1ae387eda7fd1cb77d2e244826e6#code
- click approve, enter the following and confirm tx
- address: 0x4db116ad5cca33ba5d2956dba80d56f27b6b2455
- amount: 115792089237316195423570985008687907853269984665640564039457584007913129639935
Approval step
- 3.Test the withdrawal contract https://goerli.etherscan.io/address/0x4db116ad5cca33ba5d2956dba80d56f27b6b2455#writeContract
- 1.Click deposit, enter a test amount
- 2.Click redeem to receive your ETH relative to vETH2 deposited
- 3.Try withdraw to get your vETH2 back
- 4.Return goerli test ETH to the contract
- 1.Contract has limited gETH so to make sure others can try it too please send gETH back to the contract
- 2.Click on metamask -> send -> paste contract address 0x4db116ad5cca33ba5d2956dba80d56f27b6b2455 -> enter amount -> send.
- 3.Please make sure you are only doing this on Goerli
Last modified 1mo ago