SafeStake Newsletter — March 2024 Edition
Welcome to the SafeStake Newsletter!
Greetings, SafeStakers! Welcome to another exciting adventure into the realm of SafeStake — an innovative DVT (Distributed Validator Technology) platform for Ethereum staking. This edition is packed with updates, so fasten your seatbelts and prepare for the ride!
SafeStake is now Dencun-ready! Version 2.1-testnet was released on February 4, with a follow-up v2.2-testnet released on February 27 to fix an issue affecting some validators on Safestake on Holesky. The dev team is still actively troubleshooting this issue so please stay tuned for updates on Telegram and Discord.
CALL TO ACTION:
ADD $DVT TO ACCOUNT BALANCE TO FUND VALIDATORS
Even though you may have approved $DVT to fund your validator during import, it may not have been properly handled by the contract. Please take a moment to add test DVT to your balance so your validator can become active again:
Additionally, SafeStake is now fully transitioning from the Goerli testnet (Galileo) to the Holesky testnet. As part of this transition, all testing activities on Galileo will cease, and our focus will solely be on Holesky.
We kindly request that node operators make arrangements to deactivate their nodes on the Galileo testnet, if necessary. This will ensure a smooth transition and optimal performance on the Holesky testnet.
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Help SafeStake get to Mainnet!!!
Join SafeStake on Holesky today as an operator or validator!
✴️ Operators:
▶️ You can earn SIGNIFICANT incentives by running a node on Holesky and SafeStake mainnet!
▶️ Refer other operators and earn up to 7500 $DVT!
▶️ Find the latest repo here, step-by-step instructions here, and a helpful video guide here.
✴️ Validators:
▶️ Test drive SafeStake NOW and get ready for the mainnet validator incentives!
▶️ Watch this helpful step-by-step tutorial to run your SafeStake testnet validator!
▶️ You’ll need 32 HolETH (mine via the Holesky testnet PoW faucet or we may be able to help) and 120 test $DVT.
▶️ 1) Create a new validator on Holesky; and 2) import it to SafeStake via the drag-n-drop web interface.
IMPORTANT: To begin the final testing period leading up to the launch of SafeStake Private Mainnet, it is essential that 20 independent professional operators achieve short term node performance of 95% or greater and longer term node performance of 98% or greater.
To view the latest info about $DVT including price, volume, liquidity, and more visit:
Featured Podcast on Blockchain Dialogues! 🔥
Check out Episode 63 — Interview — Chris Isaac (March 1) on their website or on Spotify. Hear all about what’s going on at SafeStake DVT and plans for the future, along with unique insights and opinions about DVT and blockchains.
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Restaking Cloud x SafeStake Twitter Space
If you missed the Restaking Cloud x SafeStake Twitter Space last week, you can listen to it here : http://tinyurl.com/SSxRCTSFEB24
Hear Derek (Restaking Cloud) and Chris (SafeStake) discuss plans for SafeStake DVT and Restaking Cloud along with insights into how SafeStake meshes with Vitalik’s new vision for a more egalitarian and decentralized Ethereum!
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$STATE to $DVT Conversion Update
The conversion website at https://conversion.parastate.io has been decommissioned. However, after further review, more than 4% of tokens in circulation are still not claimed from the original sale on Republic and private backers.
Therefore, the team has decided to develop a swap smart contract AFTER MAINNET LAUNCH that will allow users to swap their $STATE for $DVT at the same 10:1 conversion ratio. If you still have not claimed your $STATE, please do so here at your earliest convenience: https://claim.parastate.io/. If you have $STATE in your wallet now, please wait for the announcement about the swap contract after SafeStake’s mainnet launch.
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Sneak Peek at New Logo!!!
The SafeStake logo has successfully gone through extensive cosmetic and reconstructive surgery and is continuing to recover nicely!
The curves in the key have been replaced with sharper, stronger edges and the design has been simplified to better convey SafeStake’s solid infrastructure, ease of use, and priority on private key and blockchain security.
Look for the new SafeStake logo appearing everywhere SOON!
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New Banners for YouTube & Twitter
YouTube:
Twitter:
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Articles Published
- Last year, Ethereum got an updated roadmap. How’s it doing, where’s it going, and how does SafeStake fit in?
- How SafeStake DVT meshes with Vitalik’s proposal to stick to 8192 signatures per slot post-SSF
- The Evolution of Solo Staking
Zealy Rewards Program
Wanna earn rewards for doing tasks related to SafeStake? The SafeStake Road to Mainnet Campaign is coming soon!
To promote both the final testing phase on Holesky and the upcoming mainnet launch, the full details for a new Zealy sprint will be announced soon! Earn points to cash in for $DVT by participating in social media activities (AMA, Twitter/X, Discord, Telegram), setting up an operator node and/or validator, trading $DVT, creating and posting memes, and more!
That’s all for this edition. Until next month, thanks for joining us!
SafeStake is a decentralized and pioneering technology company focused on revolutionizing Ethereum staking. With its cutting-edge Distributed Validator Technology (DVT), SafeStake provides an ultra-secure, fault-tolerant environment for Ethereum validators to maximize staking rewards and minimize penalties. SafeStake is committed to driving the growth, innovation, and decentralization of the Ethereum network while ensuring the security and prosperity of its participants.
