Stafi Implement ETH APP to provide Solution to Validators and Stakers problem
INTRODUCTION
StaFi is well known as DeFi platform system that rectifies staked assets of users in the ecosystem. The validator’s experience on the deposition of the token has integrated the implementation and massive adoption of rETH application system for stakers in the system platform.
Over the years, validators have experienced a customary slash penalty on the use of an older version of the ETH application system which prompts the StaFi teams to adopt the upgraded version in providing incentive solutions to the validators in the system platform on deposit issue.
Ethereum is a decentralized system of blockchain that has smart contract functionalities which control digital assets for community members. The upgraded version of Ethereum is known as ETH 2.0 which was created to improve the performance and efficiency of the customary version of Ethereum in the transactional process.
GUIDED RULES OF ETH 2.0 MECHANISM SYSTEM
Two basic punishments guided the use of ETH 2.0 in the staking mechanism platform for token holders.
• PAYMENT FORTIFICATION.
This occurs when there is a failure in the node system due to block disconnection. There is a minimal payment fortified that will be deducted from the user’s secondary wallet.
REDUCTION OF PAYMENT
This occurs when there are three malevolent behaviors like the double proposal, voting, and target vote is done by the users on the network system. There is a maximum penalty for this action which resulted in withdrawing of assets immediately with a fine of 1ETH.
POSITIVE INFLUENCE OF DEPLOYMNT OF ETH APP
StaFi platform system has implemented the use of rETH in providing incentive solution to the penalty that the validators experienced in slashing of the financial assets, which can also lead to the confiscated of users entire principal staking in some extreme scenario.
The designation of rETH application system by staFi protocol system has set the range of users to deposit between 4ETH to 8ETH, which is a reasonable interval that will minimize the overall hacking cost and reduction of financial cost from 32ETH to 2ETH when a node is required for deposit by the validators, which is a dramatic reduction of about 93.75%.
Furthermore, the implementation module of rETH product known as insurance pool will ensure the resistance of slash risk which valiidators usually experienced, thereby enhancing the maximum adoption and facilitation of rETH application system by the token holders to minimize their financial loss.
The integration of rETH application system on mainnet by staFi teams was done to provide a better Ul for their users shortly, which will essentially lower validators deposit by 50% as a strategic means of attracting more decentralized validators into the system platform which will equally increase the numerical digits of users exploring the network service to safeguard the financial assets from slash penalty rules.
CONCLUSION
StaFi system will continue in its effort of providing an upgraded version of UI/UX for the platform validators and stakers. This will be a strategic means of attracting more decentralized validators to join, help in the running of ETH2.0 application system, and partnership with the system platform, thereby providing a friendly user experience for validators in the ecosystem.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye
