Start by downloading the Blox Staking Desktop app, here. In order to set up a validator using the app, you will need a cloud account, crypto wallet, and 32 ETH. The entire process is easy and seamless, just use the in-app walkthrough and start staking in no time.
32 ETH (and a little more for gas fees) is the current minimum staking amount. In the future, decentralized staking pools will be released for a lower minimum deposit.
and private keys and that no vulnerabilities exist that would allow a third party to gain access to them. Notably, seed generation is completed locally and your validator key is segregated and protected in a remote signer that is solely accessible by you. Blox Staking’s attestation design and architecture promote optimal connectivity to the blockchain and includes built-in slashing protection to avoid penalties and maximize ETH returns. Learn more, here.
We aim to keep attestation success rates at 99.9%. You can view the aggregated attestation rate and effectiveness of validators using Blox Staking on Discord in the stats channel.
Yes, every time a new staker sends their ETH to the deposit smart contract, the yearly fee will automatically be used to purchase CDT tokens in the open market and burn them.
CDT usage will be rolled out in 2 phases; CDT will be burnt against staker’s annual fee payment. For every $1 collected in fees, 1$CDT will be automatically purchased in the market and burnt. In the future, CDT 2 will serve as a native token in Blox’s decentralized staking pools. Block producers will secure the network and enforce a governance layer while being incentivized with CDT 2 rewards for performing their assigned duties.
Yes, Blox has created and is operating 2 different products; Blox Finance and Blox Staking.
Validator approval times vary depending on network participation and the number of validators waiting in the queue. Normally, it can take between 4 to 24 hours. For your convenience, once your validator has been approved, we will notify you via email. You can also check the status of your validator on any Beacon Chain explorer.
Custodial staking services manage the entire ETH staking process on behalf of the user and have ‘custody’ over user private keys. Some centralized services only retain access to user validator keys and are hence ‘semi-custodial’. Alternatively, non-custodial staking affords the user complete control of their private keys, while facilitating and optimizing the staking process.
As part of the project development team, Blox received a grant from the EF to develop Secret Shared Validator (SSV) nodes for Ethereum staking.
SSV is the first secure and robust way to split validator keys between non-trusting operators. SSV can increase both liveness and security simultaneously with the potential to transform staking services, at-home validator setups, and pool performance on Ethereum. Learn more, here.
Yes. As the platform is fully non-custodial, you can opt-in and out as you please. Learn more, here.
Cloud services range from $7-15/month. For AWS, the first 12 months are free for new users.
As many as you’d like!
Users running a validator using Blox Staking keep complete control over their private keys, as in a solo setup. The value-add of running a validator using Blox is that stakers can enjoy the security of an at-home validator without the hassle of updating, maintaining, and defending against slashing on one’s own.