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Diva Smart Contracts

The Diva Smart Contract suite is a set of Ethereum-based contracts that orchestrate the Diva Staking protocol. These contracts coordinate the network's state, manage the flow of ETH between participants, and ensure the protocol operates securely and transparently. Some of the key components of the contracts are:

  • Accounting: Maintains the balances of Validators and tracks deposits or withdrawals. It ensures the health of the protocol and manages the onboarding or exiting of Validators on Ethereum.
  • Performance: Tracks the performance of Validators within the network. Operators are rewarded based on the metrics tracked by this module, which ensures fair compensation and encourages high standards of operation.
  • divETH: A Liquid Staking Token (LST) issued to Stakers at a 1:1 ratio for every ETH deposited. divETH allows Stakers to retain liquidity while participating in staking. This token can be used in DeFi applications, enabling additional earning opportunities while still contributing to the security of the Ethereum network.
  • MEV Support: Integrates MEV-Boost rewards into the protocol. By capturing maximum extractable value (MEV) rewards, the protocol increases its efficiency and profitability. These rewards are then distributed proportionally between Stakers and Operators, ensuring equitable sharing of benefits.
  • Validator Management: Oversees the lifecycle of Validators, including onboarding, operation, and exit. Decisions regarding Validator status are made based on input from the Accounting and Performance modules. By automating these processes, the protocol ensures seamless operation and rapid response to any network changes or issues.

The combination of Diva Nodes and the Smart Contract system creates a robust, decentralized infrastructure that enhances the Ethereum staking ecosystem. It empowers participants by providing flexibility, transparency, and fairness while maximizing staking rewards and maintaining the protocol's integrity.