SafeStake, a trust minimized middle-layer fostering the decentralization of ETH2.0 staking

What is SafeStake?

SafeStake is a decentralized staking infra and protocol that helps maximize staker rewards by keeping validators secure and online to perform Ethereum staking duties.

SafeStake is a turnkey DVT (Distributed Validator Technology) staking solution that splits a validator key into shares, then distributes them to several nodes to achieve high levels of security and fault tolerance. Written in Rust, SafeStake runs on top of the ETH2/consensus client Lighthouse and uses Hotstuff, a superior consensus library to iBFT and qBFT.

Why SafeStake?

Security always comes first. Rust is king in preventing memory-related bugs and vulnerabilities, always beats Go in runtime benchmarks.

Superior Slashing
Protection

HotStuff, the first partially-synchronous BFT replication protocol, is more robust than iBFT or qBFT. It helps ensure consensus is reached and minimizes the chances of slashing for validators on the SafeStake network.

Low 8 ETH Staking
Threshold

In Stage 2, we will lower the ETH 2.0 staking threshold to 8 ETH. Our goal is to establish a more extensive validator base, improve diversity and decentralization, and strengthen the security of the Ethereum network.

Highly Scalable

SafeStake was engineered and developed to maximize the efficiency of operator nodes. Each of our nodes can handle up to 200 validators without sacrificing the node’s or associated validators’ performance.

More Secure

Our engineers are writing a proprietary DKG protocol to handle the issue of a ‘trusted’ dealer handling key generation. We are eliminating all potential security threats as part of our protocol, not as an add-on solution.

SafeStake network participants

Validators

Stage 1 — Users are required to stake 32 ETH to become a validator.

Stage 2 — Users are required to stake 8 ETH or more.

Operator nodes users select during validator setup perform attestation and block proposal duties on their behalf.

Operators

Operators maintain independent, trustless nodes and hold stakers’ validator key shares. Stakers pay operators a service fee for providing a turnkey solution for professional ETH 2.0 staking services. Operators can join/leave the SafeStake network at will.

ParaState DAO

The ParaState DAO is the decentralized organization that built the protocol and maintains the network, along with Verified Operators. The DAO is also responsible for governing the SafeStake network. To join the DAO, users most own $STATE tokens and a special NFT.

The SafeStake Design

A non-custodial ETH 2.0 staking solution utilizing DVT for the ultimate in reliability, security, performance and scalability

The Ultimate in Slashing Protection, Security, Fault Tolerance and Online Uptime Performance

SafeStake Roadmap

The Galileo incentivized testnet is still running and there’s still plenty of time left to participate. We anticipate Stage 1 (currently running) coming to a close sometime in Q1, after we’ve implemented tokenomics into the network’s functionality. Once Stage 1 is complete, Stage 2 of the incentivized testnet will launch, introducing the staking pool functionality and low 8 ETH staking entry point.

Q3 2022

Galileo Testnet Stage 1 Launched (July)

Q4 2022

$STATE Token Rewards Distribution Announced for Stage 1

Q4 2022 / Q1 2023

Implement Tokenomics & Test on Stage 1 Testnet (w/ 32 goETH deposit)

Q1 2023

Finalize Testing & Fix Remaining Bugs on Stage 1 Testnet

Q1/Q2 2023

Implement Stage 1 Testnet on Ethereum Mainnet (w/ 32 ETH deposit)

Q2 2023

Implement MEV-boost protocol as side car to improve validator yields; Begin Stage 2 Testnet — Implement & Test Staking Pool Functionality (w/ 8 ETH deposit)

Q3 2023

Finalize Testing & Fix Remaining Bugs on Stage 2 Testnet

Q3/Q4 2023

Implement Stage 2 Testnet on Ethereum Mainnet (w/ 8 ETH deposit)

Q4 2023 & 2024 onward

Release SDK of the DKG, BLS framework for other protocols to build on

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