Share is a non-custodial and decentralized protocol that prioritizes stakeholders' autonomy over their assets, utilizing permissionless decentralization. The protocol offers delegated staking services, ensuring security and ease of use while aiming for enhanced returns and reduced costs through innovative revenue models and operational efficiencies. and are the founders of [1]

Overview is a decentralized protocol designed to empower users with control over their staked keys. Its unique feature is the issuance of for each launched via the protocol, introducing a programmability layer to infrastructure. The protocol operates in three phases: Delegated Staking, where stakers manage their keys and can delegate to operators; and , enabling users to eETH tokens without monitoring responsibilities; and Node Services, a speculative phase focused on enhancing node services, potentially through integration with . [2] Foundation

The Foundation is responsible for executing the decisions made by token holders and managing the treasury and protocol. It pledges to uphold accountability by issuing regular transparency reports to token holders. The Foundation's governance will be guided by its constitutional documents. [3]


Delegated Staking

The Auction Contracts within the system facilitates auctions and manages bids from operators to determine who will run a . Node operators register their public keys and place bids in , sharing auction revenue among protocol participants. When a staker deposits 32 into the Auction Deposit Contract, the Auction Manager Contract triggers an auction to identify the winning bid and corresponding operator. In the future, stakers may be able to select their preferred node operator. Stakers generate and submit encrypted keys via an on-chain transaction, storing them in for efficiency. The operator locates, downloads, and decrypts the keys. [1]

Upon the operator's acceptance confirmation transaction, the Auction Manager Contract mints T- and B- to the staker's and establishes a Withdraw Safe Contract. The 32 is transferred to the Deposit Contract using the “withdraw safe contract” for credentials. Once the is set up and activated, it begins earning rewards. Fees collected from the auction are distributed within the ecosystem as eETH tokens, a rebasing token. Upon confirmation of accepting the , the operator receives a predetermined amount of proportional to their bid. [1]


When establishing a , the staker obtains T-NFT and B-NFT tokens. While the T-NFT can be transferred, the B-NFT is bound to the staker and cannot be transferred. Based on the standard, these tokens contain metadata about the index, status, performance, the operator, and other relevant information. Upon exiting the , the T-NFT represents a claim of 30 ETH, while the B-NFT represents a claim of 2 ETH. This allows the staker to liquidate 93.75% of their staking position. The B-NFT acts as insurance against slashing and commits to exiting the validator node upon request from the T-NFT holder. [1]

If the B-NFT holder fails to honor an exit request, their claims are penalized until they exit the , incentivizing the node operator to exit the instead. The penalty results in a daily decrease of 3% from the 1 claim to 2 . In exchange for the added responsibility, the B-NFT holder earns a 50% higher yield than the T-NFT holder and monitors the 's performance. In case of a slashing event, the B-NFT supplies the deductible for slashing insurance. [1]

Permissionless Withdrawals

Following the Shanghai and Capella upgrades on the Execution and Consensus Layers, respectively, introduces the capability for withdrawing staked and rewards. Withdrawals come in two forms: Partial withdrawals for extracting rewards and Full withdrawals for unstaking. In partial withdrawals, excess balance (earned rewards) beyond the 32 principal is sent to the withdrawal address while the continues to accrue rewards. Full withdrawals entail withdrawing the entire balance (32 principal + rewards) after exiting the . [1]

With's decentralized structure, the B-NFT holder can initiate the exit, the T-NFT holder can request the exit to the B-NFT holder, and the node operator is motivated to exit the if the B-NFT holder fails to respond to the exit request. Any party can trigger the redistribution of partially withdrawn rewards or fully withdrawn funds to interested parties (node operator, holders). [1]

Rewards Skimming

Users can skim rewards from their withdraw safe contract without needing approval from third parties like the Protocol or the , as long as the balance remains below 16 . This feature reduces operational costs and ensures a seamless experience, thanks to smart contract optimizations that minimize gas costs. The only condition for successful rewards skimming is maintaining a balance below 16 in the “withdraw safe contract.” Users can exit the and withdraw all funds if the balance exceeds this limit. [1]

Full Withdrawal

If your withdrawal safe contract holds more than 16 , it's recommended to exit the node and initiate the full withdrawal process. Upon completing the exit request for the , your unstaked , ranging from 16 to 32 , will be transferred to your withdrawal safe contract. Subsequently, anyone can initiate the redistribution of the unstaked to relevant parties. facilitates the permissionless and oracle-less withdrawal of unstaked , with payouts to individuals determined by the withdrawal safe contract balance. [1]

Sharing Protocol Revenue distributes its protocol revenue evenly among ecosystem participants. Revenue sources include auction fees, , and infrastructure service fees across Phases 1, 2, and 3. Presently, auction revenue boosts overall for holders. [1]


Solo Stakers implements Distributed Validator Technology (DVT) as a novel approach to to enhance the security and functionality of within the network. This technology facilitates the participation of solo stakers interested in running from various locations worldwide, thereby contributing to the decentralization of the network and reducing reliance on centralized data centers. [4]

Traditionally, the substantial capital requirement to run a solo , set at 32 , has led to increased centralization within the network. However, by leveraging DVT, has managed to lower this barrier to entry to only cover hardware expenses and monthly utility costs. Participants in this program can either purchase hardware through or utilize their equipment, seeking a protocol that enables them to support the network's security. [4]

Prospective solo operators must meet specific eligibility criteria, including experience, a reliable internet connection, and compliance with's disclosure requirements and acceptance of the program's terms of service. Once they acquire the necessary hardware and satisfy technical prerequisites during the testnet phase, these individuals can operate infrastructure for from their preferred location without providing collateral, thanks to DVT. As part of their commitment to running a , participants join a solo cluster, initially receiving 96 to , from which they earn 5% of rewards. [4]


Liquid is a vault offered by, enabling users to automatically deploy their eETH, weETH, or across various opportunities. As the number of eETH integrations increases, staying updated on the best options can be challenging, especially for complex strategies like LPing on V3. The vault, managed by Seven Seas, aims to adapt by incorporating new integrations over time, ensuring competitiveness in the dynamic landscape. [5]



The ETHFI empowers community members to engage directly in's development and ecosystem expansion. ETHFI holders can actively participate in pivotal decisions, including the launch of the Grants Program, setting economic parameters, granting permissions to software developers, approving operators, and engaging in token for additional incentives and treasury diversification efforts. [3]


The allocation of resources within the ecosystem is divided into several categories: [3]

  • Core Contributors: 23.26%; Core Contributors consist of individuals actively developing and advancing the protocol and community. Their allocation will be vested over three years to incentivize ongoing contributions.
  • DAO Treasury: 27.24%; the Treasury includes the Ecosystem Fund, which aims to foster development within the and broader ecosystem. A portion of this fund, 1%, is dedicated to the Protocol Guild.
  • User Airdrops: 11%; User are designed to reward users for specific beneficial actions. These airdrops commence with Season 1, distributing 6% of the total ETHFI supply.
  • Partnerships: 6%; Partnerships involve strategic distribution of funds by the Foundation to foster long-term growth in the ecosystem.
  • Investors: 32.5%; Investors' allocation will be vested over two years. Staked ETH (eETH)

is a rebasing token introduced by, representing a claim on an equivalent amount of held by the or staked in the system. A rebasing mechanism automatically distributes rewards to eETH holders, updating their balances across all addresses. As a Liquid Restaking Token, eETH allows users to stake their for rewards and reinvest seamlessly in . Its non-rebasing counterpart, weETH, extends usability across the ecosystem. Collaborations with partners like , Gravita, , Aura, and are planned post-launch, along with integration into protocols. [1][6] is a platform where can be staked to a fan . This earns membership points and boosts rewards. Traits are randomly assigned to the , while flair reflects the staked amount and membership tier. rewards are automatic, and the participates in loyalty programs. All protocol revenue benefits stakers and solo operators. [7]


For each deposit of (minimum 0.1 ETH) via, the funds are staked through and distributed to solo operators globally. A fan representing the staked is minted with each deposit, automatically accruing rewards. Each new deposit generates a new fan , and there's no limit to the number you can hold. These fan serve various purposes, including potential participation in future games and activities. Additionally, they can be used as profile pictures to express support for and decentralization, characterized by traits, flair, and membership tier. [7]

  • Traits within the fan character represent distinctive features like eyes, hair, and skin alongside intangible qualities such as charisma or agility. These traits possess varying degrees of rarity and collectively shape the character's distinct persona. Determined randomly during , each fan holds an overall rarity score calculated from the rarity levels of its traits.
  • The character's flair is determined by the quantity of it holds, updating dynamically as more is staked to reflect the total amount.
  • The duration of predominantly determines each fan's membership tier. Longer periods result in higher tiers, leading to increased shares of rewards and protocol revenue. Fans begin at the Bronze tier and progress to higher tiers, eventually reaching Platinum status.


Users can upgrade their fan by depositing additional , with a minimum of 0.1 required for each deposit. Upon upgrading, the fan's flair is automatically updated. However, there are limitations on the rate at which can be added to a fan . Users can increase the staked in their fan by a maximum of 20% per month without affecting their membership tier. Exceeding this limit will result in a decrease in membership tier. This restriction is in place to prevent potential abuse of the system. Without it, individuals could exploit the membership program by initially depositing a small amount, waiting for the fan to reach the Platinum tier, and then depositing a large amount of ETH to monopolize boosted staking rewards. [7]


Obol Labs

On February 23, 2023, when introduced its platform on X, Obol Labs announced itself as an official DVT partner. Obol Labs is a developer of -aligned Distributed Validator Middleware through the Obol Network and its ecosystem. [8]


On March 26th, 2024, announced a partnership with Aethos, a decentralized smart contract engine. While providing security support, will be using Aethos’ AVS to ensure protocol security. [9]

Redstone Oracles

On April 12th, 2024, partnered with , allocating $500 million to secure data oracles, utilizing over 20,000 operators and eETH tokens to protect against network vulnerabilities. [10] wiki

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