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Diva Staking

Diva Staking

Diva Staking is a decentralized liquid staking protocol for Ethereum that utilizes Distributed Validator Technology (DVT). It allows users to stake ETH and receive the liquid staking token divETH, which earns rewards and can be used in DeFi. The protocol aims to enhance the security, resilience, and decentralization of Ethereum staking. It is currently in a pre-launch phase, running testnets and offering pre-launch vaults to build community, attract liquidity, and distribute its DIVA governance token.
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Description

Diva Staking is a decentralized liquid staking protocol for Ethereum, powered by Distributed Validator Technology (DVT) and thousands of permissionless node operators. It allows users to stake any amount of ETH to receive divETH, a liquid staking token that earns rewards and can be used across the DeFi ecosystem. The protocol's use of DVT, where validation is performed by a consensus of multiple nodes, aims to address staking power concentration, enhance security, improve resilience against outages and censorship, and increase fault tolerance. Currently in a pre-launch phase, Diva is running initiatives to attract early participants and secure Total Value Locked (TVL). These include pre-launch vaults like 'Early Stakers' (with Enzyme), 'Turbo divETH' (with Sommelier), and 'Based ETH' (with Reserve on Base L2), which allow participants to accrue non-transferable DIVA governance tokens. The ultimate goal is to balance and decentralize the Ethereum staking ecosystem by introducing a new LST and promoting DVT adoption.