Diva is a liquid staking protocol that utilizes distributed validators and permissionless node operators to enhance the decentralization and resilience of Ethereum staking. By allowing users to stake ETH and receive divETH, it mitigates the risks of centralization and censorship while enabling participation in DeFi ecosystems.
Funding
Funding not disclosed
Founders
Product
Problem
Ethereum staking is becoming increasingly concentrated, with a small number of entities controlling a large percentage of staked ETH, creating risks of censorship and single points of failure. Existing liquid staking solutions do not fully address these decentralization concerns.
Solution
Diva is a liquid staking protocol designed to enhance the decentralization and resilience of Ethereum staking through the use of distributed validators and permissionless node operators. Users can stake ETH and receive divETH, a liquid staking token that accrues Ethereum staking rewards and can be used in DeFi applications. Diva employs Distributed Validator Technology (DVT), which splits validator keys among multiple nodes, preventing any single operator from having complete control. This approach reduces the risk of validator downtime and censorship, while also enabling a more economically trustless and permissionless staking ecosystem.
Target Audience
Diva targets ETH stakers seeking a more decentralized and resilient liquid staking solution, as well as node operators looking to participate in a permissionless validation network.
Features
- Distributed Validator Technology (DVT) ensures keys are never held by a single entity, enhancing security and uptime.
- Permissionless node operation allows anyone to participate in securing the network and earn operator rewards.
- divETH token provides composability with DeFi, unlocking opportunities for staked ETH.
- Node redundancy with 5 nodes per validator improves uptime and fault tolerance.
- Native support for operator bonds provides economic trustlessness.
- DAO governance enables community participation in protocol upgrades and parameter adjustments.
- Early Staker Vaults allow users to deposit ETH or stETH to become eligible for DIVA tokens.