Web3 Builders
Vampire Attacking Lido: Pablo Villalba/Diva
Oct 26, 2023
Joining us is Pablo Villalba from Diva to discuss the dynamics of its vampire attack on Lido. We cover the motivation behind the attack, how it works, and the technical details of Diva's staking protocol. We also explore the design and challenges of Ethereum's liquid staking solutions, the current ETH tranches and deposit amounts, and the importance of incentivizing liquidity. Additionally, we dive into the challenges of launching a research project, the latency requirements for node operators, and the risks and benefits of new projects in distributed validation.
57:11
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Quick takeaways
- Diva aims to provide a more inclusive and decentralized approach to Ethereum staking, offering a better alternative to existing solutions like Lido and Rocketpool through its vampire attack on Lido using the enzyme vault.
- Liquid staking is a significant aspect of Diva's approach, removing the need to lock up 32 ETH and prioritizing trust minimization through code-based routing rather than gatekeepers.
Deep dives
Diva: A Distributed Validation Protocol
Diva is a distributed validation protocol that combines the best parts of liquid staking. It builds a network of distributed validators where the smart contract routes based on code, not on governance or whitelisting. Diva aims to address the limitations of Ethereum's original design by allowing for a lower barrier to entry, providing liquid staking, and promoting trust minimization. The protocol is still in development, but it already has a significant TVL and operator commitments.
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