🦏 Rhino Review - Ethereum Staking Journal #4

Rhino Review is a bi-weekly Ethereum staking journal that compiles the most recent updates on the Ethereum Proof of Stake network, DVT, LST, and at-home staker community.

Greetings from Rhino Review! The Ethereum staking ecosystem is growing and diversifying day by day. Lots of great news, developments, updates and thousands of supporters contributing to the Ethereum ecosystem! It's a great feeling to witness it, and I try to pass it on in the Rhino Review.

I would like to announce a new chapter in the newsletter. The Drama of the Week!
Our ecosystem has full of drama, and it would be good to watch a little bit of what's going on. 🫠

We encourage you to show your support by liking, subscribing, and staying tuned to our newsletter for updates.

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📌 Rhino Review - Ethereum Staking Journal supported by EthStaker.
The EthStaker community deserves immense recognition for their unwavering support. Kudos to their dedication and collaborative spirit! 💫

Latest Updates for Stakers

• Mainnet Shapella Announcement: Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023

• EthStaker will be hosting the Shapella Live Stream.

• beaconcha.in including support for 0x00 => 0x01 upgrade!. Read other improvements. + The income overview update has arrived.

• 18M ETH in the Ethereum proof of stake deposit contract.

• It’s Not Winner-Stake-All from Ether.fi

• Validator withdrawals: when to submit?

• 15% of circulating ETH are now staked

• Read: Trust-minimized consensus layer access from Alex Stokes

• Low-bond Permissionless Stake Pools

• Exploring the potential of Liquid Staking and RAI

• Ethereum validator withdrawals: when to submit?

• Updated MEV-Boost Shapella Readiness - for Proposers, Relays and Builders

• Updated Beacon Chain Network Public Dashboard from Miga Labs

• EIP4844 call notes

• Shapella Upgrade Analysis: A Nethermind Livestream

DVT & LST Updates

• DVT

  • The Diva staking testnet is live.

  • Read: How Diva is Designing a More Trustless Staking Solution

  • SSV Network announced Jato.

  • StakeWise Vaults: non-custodial mini-staking pools

  • DVStakers: community & educational resource for DVT

  • Rocket Pool Atlas Update

• LST/LSD

  • A recap of Lido NOM call #5

  • Lido V2 is currently being tested on Goerli. What to expect from the Goerli V2 Testnet

  • Blockswap: Stake with Frens

  • Exploring Developments Around Liquid Staking Derivatives

  • mevETH: The MEV-optimized, natively multichain liquid staking protocol.

EthStaker Corner

• Calling all Stakers! CLWP volunteers are needed.

• No Storage! Not sure how to proceed!

• How paranoid/redundant are your setups?

• Long term stakers with 2TB SSD, what’s your plan?

• How do you choose consensus and execution clients?

• Help! My validator has not been attesting for over a week, and I don't know why

• Slot 6,039,070 has a 523.67639 MEV Block Reward.

• Help a Beginner, Pt 1: Hardware

• Beware of scam staking services

• Guide to setting withdrawal address for your Ethereum validator using deposit-cli

• Guides for upgrading withdrawal credentials.

• Eigenlayer is launching its Discord, with a dedicated channel for EthStaker discussion.

• New EthStaker Knowledge Base Tutorial: Configuring an RPC endpoint by @spacesider

Statistics & Analytics

Client Updates & Releases

• Consensus Layer

  • Teku v23.3.1

  • Prysm v4.0.1

  • Lodestar v1.7.2

  • Nimbus v23.3.2

  • Lighthouse v4.0.1

  • Grandine Beta

• Execution Layer

  • Geth Erszba v1.11.5

  • Nethermind v1.17.3

  • Erigon v2.42.0

  • Besu 23.1.2

  • Reth - Pre-Alpha

🚨Check 👉 Client Diversity🚨

Client Diversity Is Not Optional - It’s critical

Many know client diversity is important for a more resilient network, but they don’t understand why or just how essential it is. It’s not only important — it’s critical

Podcast, Meetup & Call

Tweet Corner

diva @divalabs

At Diva, we believe that Distributed Validator Technology is the key for a more decentralized staking ecosystem⚡️But is that all it takes to build the future of Ethereum?? 🧵 Read on ⬇️

Ethereum on ARM 🦇🔊🐼👉👈🐼 @EthereumOnARM

Look, a whole #Ethereum universe running inside a home rack. ✅1 L1 node (@go_ethereum+@sigp_io LH) + 3 validators. ✅@arbitrum, @gnosischain & @Starknet L2 nodes. ✅@ethswarm, @IPFS & @ethstatus. All in <$1,500 gear consuming <40w. De👏cen👏tra👏li👏za👏tion👏 Break down 👇

mariano.eth | 🦇🔊 @nanexcool

Effectiveness Rating for validators has been going down lately, now around ~95% which seems low? Any idea what could be causing this? rated.network/?view=pool&net…

Butta.eth | beaconcha.in 📡 @Butta_eth

Only ~36% of validators have 0x01 Credentials🤯. According to data from consensys.net/shanghai-capel…, approximately 42% of validators had 0x01 credentials in February. Hence, the recently activated validators have shown a preference for 0x0 beaconcha.in/validators/wit…… https://t.co/QpA6HCrocG

Rocket Pool @Rocket_Pool

18 April 2023, midnight UTC Atlas is ready for launch - get ready for a more powerful Rocket Pool: ✅Improved protocol efficiency ✅Higher node operator rewards ✅Greatly boosted rETH capacity ✅Still fully permissionless 👇Read on for all you need to know

Hsiao-Wei Wang @icebearhww

Ethereum beacon chain withdrawal technical intro mini thread 👇 ((BGM: Rihnana - B**** Better Have My Money))

sassal.eth 🦇🔊 @sassal0x

When the @beaconcha_in app hits you with that "New Block Proposal" push notification

dannyryan @dannyryan

Withdrawals is a great time to catalyze a redistribution of stake amongst pools for a more secure Ethereum Just like stakers succeeded in making Ethereum more resilient by switching consensus clients, we can do so at Shapella for pools Do your part, switch to a smaller pool!

banteg @bantg

if you run an ethereum validator, read this. there is plenty of rewards accumulated so far, and in a few weeks withdrawals become available. you could automatically get everything in excess of 32 eth withdrawn to an eth1 address without fully exiting the launchpad.ethereum.org/en/btec/… https://t.co/2IGPi8mJ78

The Drama of The Week 🫠

Last week's top drama was the sandwich attacker exploit. Check the threads for details, and always be careful.

Shutter Network @project_shutter

Meta 🧵 on the MEV attack from today. TL;DR: a bug in mev-boost lead to ~$25M extracted in MEV, primarily from sandwich bots. The bug allowed the proposer to see transactions without having signed a block that the network would accept. This is still developing, we'll add more!

samczsun @samczsun

Block 16964664: A user managed to drain five MEV bots by exploiting a bug in mev-boost-relay. Here's the block: etherscan.io/block/16964664 Here's the user: etherscan.io/address/0x3c98… Here's the patch: github.com/flashbots/mev-… Here's the longer explanation:

@bertcmiller ⚡️🤖 @bertcmiller

A post mortem on the mev-boost relay vulnerability yesterday and a brief discussion on a related timing issue:

collective.flashbots.netPost mortem: April 3rd, 2023 mev-boost relay incident and related timing issueSummary On April 3rd, 2023, a malicious proposer exploited the ultra sound relay through a vulnerability in the open sourced mev-boost-relay implementation maintained by Flashbots to steal ~$20M from multiple sandwich bots. The attack was possible because of a vulnerability in the majority of mev-bo…

Awesome Resources

• Awesome Ethereum Staking Resources

• Staking on Ethereum A to Z

• EthStaker Knowledge Base

• Beaconcha.in Knowledge Base

• Week in Ethereum Newsletter

• ETH Withdrawals FAQ

• Ethereum Staking 🥩 by Hildobby

THANK YOU!

You can support by purchasing this POAP or sending ETH to armagan.eth 🙏

👉 Twitter: 0xarmagan
👉 Hackmd: Armog