DVstETH vault overview

DVstETH is a Liquid Staking Token, allowing vault depositors to reuse their staking receipts across the DeFi ecosystem. DVT enables splitting of a validator's private key into multiple key shards, which are distributed among an independent cluster of nodes. This means no single node has access to the entire key, greatly enhancing security against attacks.

Architecture

FAQ

1. How are the total number of points for Obol and SSV Network calculated?

Obol points are calculated based on the validator performance for Obol related validators within the Lido Simple DVT Module on a daily basis. Vault stakers that follow the Distribution Rules explained above will receive an allocation of points based on the amount of ETH staked via the Vault and time ETH remains staked within the Vault.

SSV Network points are calculated based on the total amount of ETH staked within the Vault on a daily basis. Vault stakers that follow the Distribution Rules explained above will receive an allocation of points based on the amount of ETH staked via the Vault and time ETH remains staked within the Vault.

Users will receive points by depositing (W)ETH into the Vault, with the number of points calculated based on how much stake they have in the Vault in relation to total stake in the Vault and taking into account how long the user’s stake has been in the Vault. Point calculations also take into account the Distribution Rules mentioned above.

More info on SSV and Obol points here.

2. Does the Decentralized Validator Vault allow access to restaking?

Currently, no, the Vault does not provide access to restaking or Symbiotic points. In the future, a secondary vault may be created that could allow users access to staking alongside the other options available within the Decentralized Validator Vault.

3. How are withdrawals handled?

Stakers in the Vault may place a withdrawal request at any time. Steakhouse Financial, acting as the curator, will process all withdrawals on a daily basis. All withdrawals will be processed and claimable to Vault stakers in the form of wstETH.

4. Is ETH within the vault immediately staked via Lido?

ETH in the vault will be staked via Lido at the sooner of: 1. User ETH in the Lido protocol buffer being eligible for use to create validators in the Simple DVT Module or, 2. A period of 7 days passing without Vault ETH being used to create validators within the Simple DVT Module. In both cases the vault would receive wstETH rewards no later than 7 days after submission to the vault.

All stakers of the vault will immediately begin being considered for allocation of points within the bi-weekly Vault Snapshot period once they have staked in the vault, taking into account the Distribution Rules.