How does Intgrow staking service work?
This article helps you understand the operating mechanism of Intgrow staking service. Welcome to visit our website (Intgrow.com)to learn more.
The entire process of using the Intgrow staking service to host the validator does not require human involvement.The smart contract will guarantee the 32 ETH deposit to the correct place and Intgrow server will create the validator automatically once it receives the notification from Ethereum network.
User will deposit the 32 ETH with service fee and withdrawal credentials to our smart contract. The contract will send the 32 ETH to the official deposit contract and notify our server that a new validator is preparing. The smart contract is open source and can be found from Ethereum block explorer.
User will upload a data file which contains the withdrawal credentials. Intgrow server will extract the withdrawal credentials and generate the actual deposit data with a new validator’s public key. Thus, the 32 ETH and rewards will only be able to withdrawal with the user who has generated the mnemonic phrase.
Validator will be created automatically once the deposit contract receives the 32 ETH from user. We will keep the stability and healthy of the validators to maximize the interests of our users.