The Interfold is an open-source protocol for confidential computation. Its Encrypted Execution Environments, called E3s, use cryptographic techniques to process private data and produce verifiable results. Ciphernodes form part of the decentralized infrastructure that enables these operations.

Stakely provides managed infrastructure for operating ciphernodes on The Interfold. You provide the assets required by the protocol as the bond owner, while Stakely deploys, operates, monitors and maintains the ciphernode. This allows you to participate in the network without having to manage the technical infrastructure yourself.

The Interfold currently requires a 32,000 FOLD bond to operate a ciphernode. At least one ticket backed by 1,000 sUSDS shares is also required, together with ETH for transactions. These parameters are defined by the protocol and can be changed through governance.

The Interfold's current documentation specifies a 30-day exit period for bonded FOLD. Once this period has elapsed, outstanding ciphernode obligations or slashing proceedings may delay withdrawal. This parameter can be changed through governance.

Stakely charges a service fee for deploying, operating, monitoring and maintaining the ciphernode infrastructure. Service terms and pricing will be provided on Nodes-as-a-Service before contracting and are separate from The Interfold's bonding and collateral requirements.

FOLD is The Interfold's ERC-20 token. Its functions include serving as economic collateral for ciphernode operators, participating in protocol incentives and exercising governance rights.

No. The Interfold separates the bond owner from the operator key. As a client, you can retain control of the FOLD and collateral used to secure the ciphernode while Stakely manages its infrastructure and technical operation. This separates asset custody from node operations.

Ciphernodes can earn rewards for successfully participating in the E3s for which they are selected. Unlike traditional staking, rewards depend on factors such as committee selection and network activity, so there is not necessarily a fixed APR. Stakely keeps the infrastructure available and correctly operated so the ciphernode can participate when selected.

Participating in The Interfold may involve risks related to protocol bugs, operational failures, slashing, changes in rewards, asset price fluctuations and temporary withdrawal restrictions. Stakely manages and monitors the ciphernode infrastructure to reduce risks associated with its technical operation, although this does not eliminate risks inherent to the protocol.