foreign
[Music]
like the the most liquid token in the
like except Bitcoin right in the in the
crypto World
um but it will happen on natural causes
eventually like the creek is is very
important but it can't compete with that
um that's one thing
the other to answer the question
um I was like very much terrified this
last like half half a year
uh but it turns out that like was I was
like like way more pessimistic about how
the
um how people actually I'm sorry my
time's up
[Music]
to interrupt there you just have
hello hello we just have five minutes
more that's the way to okay like if we
have if we want questions from the
audience yeah it would be great to take
some some questions from the audience um
so so sorry vacillate it
I'll give you a quick yeah yeah can I
just Express the minority voice over
here obviously lsds has been great and
people thought in the in defy
um
especially before withdrawals are
available and but there's also a lot of
races right there's the the liquidity
the smart contracts they're depending
and all of that and
it does come down basically to your to
your risk tolerance right eat its king
in India in this case
when I give my ether to another protocol
I give him my major and all the
associate riches that come with it and I
think the big players in the upcoming
like the near years will still prefer to
natively use ether
okay all right well thanks so much guys
uh we're gonna move on to the audience q
a session uh because we have just a very
small amount of time left so I saw you
shoot up your hand right real quickly
right at the beginning so
Hi how are you congrats and thank you my
name is Pablo I'm the founder of send
signal the first node operator in Latin
America we are talking with all of you
and I think something really important
is not only geographically
centralization but also less dependence
on Amazon as most of the operators work
with Amazon we try to work with local
and Regional uh data centers my question
is how do you distribute a Mev uh yeah
thanks
sure
yeah I I can answer that it's very
simple the same way we lose taking
rewards uh like rewards are the same as
taken they go to stakers mostly the not
operators get the fee and later gets its
fee but 98 of rewards go to stickers
uh with rocketpool
um you uh so obviously it says I said
16th is node operators 16 is liquid
stickers and so uh in terms of Mev and
priority fees uh you it's a kind of
equal split
um between node operators and uh and
liquid stakers except that the node
operators get their fee on the rewards
so they get 15 of the of the of the
commission on the on the rewards so they
still get that kind of extra bit from
the from the Mev and
um Mev and priority fees uh that's the
usual case we've also got like a
smoothing pool
um where uh this is particularly
important for small node operators that
are running kind of a couple of
validators
the way that block proposals work is
very variable so you can have like two a
year or 10 a year
um and that hits small node operators
hard so if you join the smoothing pool
everyone pulls their proposals together
which works particularly well for Mev
because with Mev that's essentially a
lottery block you may have end up with a
lottery block that goes into the
smoothing pool and then basically
everyone gets a share of the smoothing
Port
um so yeah that's what we do
we have time for one last question 12 or
two one here
I have a question about operator set so
in the two cases here like light out
stake wise more professional operators
are involved
rocket pool kind of a blend honestly of
both
um would love to hear more about from
Statewide and Lido like do you see a
future where your pools include
professional validators and at-home
validators working together to achieve a
common goal
uh yeah yeah sure so that's what we're
trying to design right now uh in in that
we think that most of the state should
be managed by professional operators
still
but we want we don't like what we want
is to light up for be it pipeline from
like a homesteaker to professional
operator so you can kind of operate
as a like as a solo operator and Lido
with small amount of stake and if you do
it well and if you want to do it like as
not as a hobby because like honestly
most celebrators are not rational like
they're not making a business out of it
they just do it for fun uh which is
great right but if they want to do it
for like for for their job they should
have the ability to like earn their
reputation earn the like the
um their metrics required to get on the
in into this like set of big boys and
grow up because otherwise it will be a
little bit of categorization like three
year stops
um and yeah I completely so the way B3
is designed I pointed out Thursday
because as a key target market but
essentially this this protocol will will
satisfy every single anybody who can run
a node can run a node on on B3 and one
of the uh from discussions with
commercial node operators one of the key
things for for these guys is coming over
to stake away three so they can provide
liquid staking with fun to their clients
um and so mv3 every single node operator
or group of node operators will have
their own little mini staking pool and
can then their users can then mint to
liquid staking token so it offers liquid
sticking to everybody no matter whether
you're solo sticker or commercial node
operator so by proxy we're going to end
up with basically like an Open
Marketplace of operators and groups of
operators who are running various
Technologies who are on the stage today
um to compete for for state and again
that can be solar stakers and also
commercial operators as well
great thanks
hi there's only one of you there to
estimate the amount of I mean the
percent of a sort of Staker that the
network that the network will have in
like five years I mean can be higher
than now or lower than now great
question
because I mean lsds are great right uh
you can use your stake position as
collateral and you also average out the
rewards right so why it's always taken
you there is no point of that right some
people will do it even for free but yeah
what will happen in the next five years
more sort of stickers on less or less
all those takers thanks
well if statewide's V3 works we'll
hopefully have more
um as I said the reason why and
obviously touched on it it's it's almost
non-economical to be a sales taker you
do it for fun or to because you're an a
decentralization maxi um and so you know
our goal is to try and make it
economical and let them let them get
access to liquid staking which they have
not been able to before
so so we rocket pool
um it is pretty much no different to
being a salon Staker um the you have
autonomy over your node uh you bring
collateral so you have a stake uh the
only difference is you get paid more
that's that's the that's the only real
difference from it from an ethereum
perspective and from a decentralization
perspective uh you know it's exactly the
same so yeah that's that's where we come
from today
yeah if I was to add to that I think
um the question is there'll be a long
tail of like solo stickers for sure the
question is how much the stake will be
on them
um and that's where you know everyone up
here is trying to figure out how can you
let soul of stakers like have a bit of
capital in someone else's Capital if
there's a rocketpool scenario of make
them Bond if stakewise V3 you've let the
like people take the risk and choose
like a vault for like a certain risk and
we hope that with distributed validators
you can trust small stakers as if they
were an Enterprise you're like yeah for
you guys and you're all credible and
you're not one you know person you guys
can have 99.99 uptime so we can you know
trust putting stake on you you can't
exit you can't even get flashed so we
hope with DVT people like you know light
on stakewise all of them can you know
throw a lot more ether onto small
stakers and make it you know make sense
that he said not to just a last leading
kind of Die Hard Hobby
um yeah yeah on on our side like how we
think about it is uh to have a lot of
um solo not operators
um you need to like design system in a
way that first uh does not require them
to hold a bond because like most people
who want to run and know they don't have
this much money like most people like
don't have this much money period right
uh to to to to to to run like even half
of the normal data like crying like
lying around so like they have to be
selected not on like unbonded and
someone Bond Way
um and that means on the other hand that
in history manage risks and you need to
manage the white labels like for example
you uh if you want a lot of solo
operators in the protocol and you want
to think about that you need to
understand that these are not like the
one operator in these guys like in like
in range code like this 100 notes
um uh this is like essential for not so
for protocols that mostly manage risks
instead of bond but even in both the
products will act like there is a lot of
uh folks run the rocket pool with all
notes for example
um so these are hard problems to solve
but I believe they are solvable so
yeah I just want to add up to what
Austin said
um imagine if you can use like DVT to
pair yourself with with a repeatable top
class operators or even to pair yourself
with your friends which you trust to run
it and so the technology advantage that
will come will reduce the barriers to do
that in a still reliable way
oh sorry uh another thing rocket poor
doing uh So currently it's 16 that you
need uh so in our next release it'll be
eight and then in potentially in our
next release lower so that's how you get
more node operators that's what we
that's what we want is more individual
node operators not necessarily more
stake
great
all right well unfortunately we're out
of time for uh new audience questions
but I promise you all five of these
folks are going to be wandering around
the conference floor after this so if
you have any questions for them or for
me uh we would all be very happy to chat
with you throughout the rest of the day
and throughout the rest of the week
thank you so much everybody for coming
thank you thank you