The startup operates an Ethereum liquid staking platform that utilizes distributed validators to enhance censorship resistance and minimize outages. Customers receive tradable divETH, which generates staking rewards, providing a reliable income stream in a decentralized environment.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Ethereum staking power is increasingly concentrated in a small number of entities, creating potential risks for censorship resistance and network resilience. Existing liquid staking solutions may not adequately address these centralization concerns, potentially compromising the decentralized ethos of Ethereum.
Solution
Diva Staking is a liquid staking protocol designed to enhance the decentralization of Ethereum staking through the use of distributed validators. By leveraging Distributed Validator Technology (DVT), Diva Staking splits validator keys and signing responsibilities across multiple nodes, mitigating single points of failure and improving validator uptime. Users can stake ETH and receive divETH, a liquid staking token that accrues Ethereum staking rewards and can be used in DeFi applications. The protocol aims to provide a more resilient and censorship-resistant staking experience compared to traditional methods.
Target Audience
The primary target audience includes ETH holders seeking liquid staking options, Ethereum solo stakers, Rocket Pool and Lido participants, and active DAO governors interested in contributing to a more decentralized staking ecosystem.
Features
- Distributed Validator Technology (DVT) for enhanced decentralization and fault tolerance
- Permissionless node operation with economically trustless access and native support for operator bonds
- Node redundancy with 5 nodes per validator to ensure high uptime
- divETH liquid staking token that earns Ethereum staking rewards
- Early Staker Vaults for ETH and stETH holders to earn DIVA tokens
- Integration with Enzyme for early staker programs
- Testnet environment for users to stake, unstake, and wrap ETH on Holešky