Smoothly operates a smart-contract-based Ethereum fee-recipient smoothing pool supported by a decentralized oracle network. Home stakers direct validator tips and MEV to the pool, deposit a 0.5 ETH bond per validator, and receive pooled reward distributions after each 21-day cycle. The protocol also monitors validator and relay activity, applies penalties for incorrect fee recipients or missed proposals, and charges a 1.5% fee shared among oracle operators to cover operating costs. Smoothly describes itself as a not-for-profit public good and supports independent Ethereum stakers and small staking entities.
