Solo Staking (32 ETH)
Last updated
Last updated
Congratulations on setting up your hardware and Execution and Consensus Clients for Ethereum staking! As a solo Ethereum staker, you are taking an active role in securing the network and contributing to its decentralized nature.
In this guide, we will walk you through the key steps involved in your staking journey.
The following schematic diagram provides an overview of the Solo Staker's Journey on the AVADO:
The following are the steps for Ethereum staking on AVADO:
Let's go!
. To begin, you will need to set up your Execution and Consensus Clients. See section on how to do this.
. You will need to generate your staking keys. The key generation process will provide you with the keystore files, which contain the validator keys to be loaded into the Consensus Client. There is also a deposit data file, which is required for depositing your 32 ETH stake to the Beacon Chain.
. Deposit 32 ETH as proof of stake to become an active validator. Make the deposit at the Ethereum Launchpad site.
. Import your keystore files into your chosen Consensus Client to start validator duties.
. Stay informed about your validator's performance and status. Utilize the beaconcha.in website and mobile app for real-time updates.
. Understand your responsibilities as a validator, including attesting and proposing blocks. Learn about potential rewards and penalties for missed duties or non-compliance with network rules.
. MEV (Maximum Extractable Value) is a concept that allows Ethereum validators to optimize their earnings by prioritizing and including profitable transactions in blocks. Make use of the MEV-Boost package to increase your earning potential.
. Control the destination of your staked funds and rewards by setting the Withdrawal Address.
. At some point, you may decide to exit from the validation process. Our guide will provide you with the necessary information and steps to finally exit.
