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18 days activation queue on Holesky?! Something big is brewing in ETH staking 🤔

by SB Crypto Guru News
November 1, 2024
in Ethereum
Reading Time: 2 mins read
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18 days activation queue on Holesky?! Something big is brewing in ETH staking 🤔

https://preview.redd.it/kwfa1wk1payd1.png?width=2824&format=png&auto=webp&s=cf194f89d8043bde3deb46912a04e4eb4cbbaffb

https://preview.redd.it/cbwoza4tpayd1.png?width=1614&format=png&auto=webp&s=2f9499f245c79d318b1bb4b01408482484107393

Okay, this is weird. I just tried to set up a validator on Holesky testnet and noticed I'd have to wait 18 DAYS for activation. Double-checked the queue – there are 32,033 validators waiting. On a testnet! Something's definitely cooking…

What's even more interesting is that this massive queue started forming right after EIP-7002 (the beacon state root in the EVM proposal) hit the testnet. For those not familiar, this proposal essentially enables smart contracts to verify beacon chain state, which is crucial for many staking innovations.

Looking through some GitHub discussions and Discord channels, I've noticed a lot of activity around:

  • DVT (Distributed Validator Technology) implementations
  • Restaking protocols
  • Liquid staking solutions
  • New staking pool mechanisms

I'm particularly intrigued by the DVT testing activities because of the recent Lido simpleDVT and CSM discussions about implementing validator splitting into DVT solutions. Seeing projects like SSV and others actively testing on Holesky makes me wonder if we're closer to seeing production-ready DVT implementations than we think.

Anyone else noticed this unusual testnet activity? What do you think is being tested at such scale?

submitted by /u/yutingzhang
[comments]



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Tags: activationBigBitcoin NewsbrewingCrypto NewsCrypto UpdatesDaysETHHoleskyLatest News on CryptoQueueSB Crypto Guru NewsStaking
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