P2P fast-tracks ETH staking as exit queue hits record highs
The post P2P fast-tracks ETH staking as exit queue hits record highs appeared on BitcoinEthereumNews.com.
P2P.org has introduced what it calls an “industry-first” fast-track ETH staking product designed to help institutional clients bypass Ethereum’s growing validator entry queue. The move comes as the industry is closely watching Kiln’s mass exit of all Ethereum validators, a precautionary measure following an infrastructure incident involving SwissBorg. The Ethereum validator entry queue has ballooned to between 10 and 16 days, leaving stakers unable to earn rewards until activation is complete. For institutions migrating large validator sets, that gap translates into weeks of missed yield. P2P’s new product offers pre-activated validators funded with the company’s own ETH, allowing clients to begin earning rewards immediately while their stake waits in the regular queue. Source: Validatorqueue.co P2P declined to share full technical details of the setup, citing competitive sensitivity, but said the security model is identical to vanilla staking with no additional risk exposure. “We’ve already launched validators into the set that are simply waiting for activation,” the team said, adding that competitors attempting to replicate the approach would face a longer activation delay, making their offering less attractive to clients. Ethereum’s validator exit queue (distinct from the entry queue) spiked sharply on Sept. 10, rising from under 1 million ETH to more than 2.6 million ETH in a single day, and pushing the estimated exit wait time to its highest level on record. The timing aligns with Kiln’s announcement that it was initiating the orderly exit of all of its Ethereum validators, suggesting that a significant share of the spike is attributable to Kiln’s precautionary withdrawal. Source: Validatorqueue.com Kiln emphasized that rewards continue to accrue during the exit period and that client assets remain secure. “We took immediate action once we identified a potential compromise in our infrastructure. Exiting validators is the responsible step to protect stakers,” the company wrote in…
