Stakely Blog
August 13, 2024

Introducing the Obol Portal: Stakely's new staking solution on distributed validators

August 13, 2024

At Stakely, we are thrilled to announce the launch of the Obol Portal, a product that allows delegators to stake on distributed validators (DVs) and participate easily and securely in the Obol Contributions Program. This innovative product not only facilitates native Ethereum staking on distributed validators (DVs) but also enables you to actively contribute to the mission of strengthening Ethereum's scalability and decentralization, and earn future governance and ownership within the Obol Collective.


What is the Obol Contributions Program?

The Obol Contributions Program allows every delegator to contribute to the Obol Collective’s mission to scale and decentralize Ethereum. By staking on distributed validators through Stakely's Obol Portal, each participant contributes to the Obol retroactive funding program, which supports projects that focus on scaling Ethereum infrastructure. Stakers will be recognized by earning Obol Contributions, which provides potential future access to governance and ownership within the Obol Collective.


Why Stake on Distributed Validators?

Our new staking product leverages Obol's Charon DV middleware technology, the only composable and most Ethereum-aligned distributed validator implementation. It ensures validator security and resilience by distributing validator keys across different servers for improved reliability and reduced slashing risks, offering one of the most decentralized and secure staking solutions available on the market.

By participating in this program, your contributions are recognized, and you have the opportunity to access future governance and ownership of the Obol Collective.

Additionally, contributions made through our staking product are completely transparent and recorded on-chain. Each delegator can monitor the status of the validators they deploy through the Obol Portal in real-time on our dashboard.


Advantages of staking through Stakely's Obol Portal

  1. Ease of use: Our product is designed for anyone, regardless of experience level, to stake easily and effectively.

  2. Community contribution: By staking with Stakely, you automatically contribute 1% of daily staking rewards to the Obol Collective’s retroactive funding mechanism, supporting sustainable funding for projects that scale and decentralize Ethereum.

  3. Competitive returns: Enjoy competitive returns while contributing to a greater cause, earning early inclusion in the Obol Collective, with a transparent fee structure based on the number of validators deployed, ensuring a transparent and fair distribution of rewards.


How the Obol Portal platform works

When you stake through our platform, the process is completely transparent. Users can exit their validators and claim rewards at their discretion. Here’s a quick look at how it works:

  1. Connect your wallet: No need to register with Stakely. Just connect the wallet you want to use for staking.

  2. Deploy your first validator group: Through our platform, once your wallet is connected, you can deploy groups of 1, 2, 5, 10, 100, or 200 validators (a minimum of 32 ETH is required for a group of 1 validator).

  3. Follow the validator creation process: After creating the validator group, the process is similar to deploying a validator on Ethereum (create validator, make a deposit, and wait in the queue for the validator to become active). At Stakely, we handle this process for you; you only need to make the deposit.

The internal process involves the Obol Splits smart contract, which detects reward claim transactions and distributes the rewards accordingly: 1% to Obol Collective, a variable percentage to Stakely depending on the number of validators deployed, and the remainder to the client. All transactions are recorded on-chain, ensuring complete transparency.

That’s it! You can check the status of your validators at any time through the Beaconchain explorer or our platform.


Join us and get recognized!

At Stakely, we are committed to building a more secure and decentralized future for Ethereum. Our new staking product with distributed validators, in collaboration with the Obol Collective, is a significant step towards realizing this vision. Join us and become an active part of the Obol Contributions Program!

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Author

María López

Summary

What is the Obol Contributions Program?
Why Stake on Distributed Validators?
Advantages of staking through Stakely's Obol Portal
How the Obol Portal platform works

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