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Introduction to NodeDAO
Getting Started with NodeDAO
Effortless Staking with NodeDAO. Experience the ease of staking on Ethereum 2.0 through NodeDAO's liquid staking service. Our platform combines top-notch, experienced validators offering secure infrastructure with innovative tokenomics to provide the best staking yields for our users. With NodeDAO, you have the freedom to unstake at any time or maximize your returns by using your staked ETH in the DeFi space or simply resell it in the open market. With no minimum requirement, just simple and low-fee staking.
You may choose to:
- 1.Stake ETH that offers you liquidity OR
- 2.Stake ETH AND run as an node operator to earn extra rewards.
Join the NodeDAO revolution and achieve your staking goals with ease. This documentation will guide you through the process.
The NodeDAO protocol represents a cutting-edge solution for Ethereum liquidity, combining traditional liquidity pledge and re-pledge concepts with a decentralised validator network and NFTs. Its features are:
- Proportional profit sharing model that enables multiple validator service providers to join and offer their service.
- NFTs minting service available for individual validators.
- LP tokens ("nETH") will be minted to provide liquidity to stakers potentially increasing their income through DeFi services.
- After the successful test trial, anyone can join the decentralised node operator network. It is a permissionless network.
NodeDAO Pool is a staking option where your ETH is combined with other participants' staked assets. Every deposit in the pool is transformed into nETH, NodeDAO's ERC-20 standard tokenised ETH, and the token holders possess the right to the pool's staking rewards. NodeDAO Tokens play a crucial role in the pool by making your stake liquid and providing opportunities to earn additional yield through DeFi protocols.
There are detrimental effect that stake centralisation has on competition and the risk it poses for Ethereum’s security and health. NodeDAO's goal is to mitigate these risk by promoting a more decentralised and secure staking ecosystem. The risk factors includes but are not limited to the following:
- Reduced competition: Centralisation of staking can lead to a concentration of power among a small group of entities, reducing competition and potentially leading to market manipulation or other unfair practices.
- Decreased security: When a large portion of the network is controlled by a small group, it becomes easier for attackers to carry out 51% attacks or other forms of malicious activity.
- Increased risk of censorship: Centralised stakeholders may have incentives to censor or block certain transactions, potentially leading to a breakdown in the trust and security of the network.
- Increased risk of collusion: Centralised stakeholders may collude to carry out actions that are not in the best interest of the network or its users, such as carrying out a double-spend attack.