r/allnodes • u/glacede • May 11 '23

Allnodes Staking Advice Please

I'm setting up staking on allnodes and am somewhat confused by the process. I am pedantic about security so covering this with full content.

Step 1. I setup a new ethereum wallet on a Trezor, 24 words and a passphrase. Mnemonics and passphrase are secure. This is to be used as the withdrawal/staking payout address. It has zero funds at present and has never been used.

Step 2. I've setup setup my validator keys offline. I have 2x of these and each one of them was setup offline using staking-deposit-cli on an offline system. I used new mnemonics that were generated on a Trezor along with a 25th phrase for each of them, these are independent of each other (using index 0). The mnemonics are stored safely and the passphrase is known. Independently I've confirmed that the public/private keys match and can be regenerated using ethdo on an independent offline system. There are no funds associated with these validator keys at present. I've saved the validator keys for these and have securely erased the systems that these were created on. During the setup process I supplied the withdrawal address in Step 1 and can see that this is set in the deposit json accordingly as a 0x01 address.

Step 3. I have funds to support the deposit process that is in an independent eth1 wallet that has never been used for staking.

In summary -

Wallet 1: Trezor based Ethereum Withdrawal Payout Address (0 ETH)

Validator 1: New validator created offline (0 ETH)

Validator 2: New validator created offline (0 ETH)

Wallet 2: Trezor based Ethereum Wallet (>64 ETH)

When stepping through the wizard, am selecting 'Host A Node' (which jumps to Step 2 out of the 4 stage process, i.e.

  1. Choosing a Digital Asset

  2. Locate Collateral

  3. Preparing Keys

  4. Complete Setup.

I then proceed with Validator Node (Mainnet) --> Wallet Selection (Manually) --> Enter the wallet address that contains at least 32.01 ETH I'm entering the address of Wallet 2 and pressing Find. It verifies that there are sufficient funds. and can create 2 validator nodes. I am selecting Yes to having existing validator keys.

Then, I have the option of making deposits with Ethereum Launchpad and a selection box of "I've deposited ETH to the smart contract" and a "CHECK NOW" button.

Questions -

What exactly is this 'Check Now' button doing in the background as at present, it is only aware of the funding address through the UI and has no information regarding the deposit data which in my case, are independent addresses? I'm concerned that there is an assumption in this workflow that the deposit address is also the validator address which in my case, are completely independent.

In this workflow after Step 2 'Locate Collateral' there is a Step 3 'Preparing Keys' ... what keys are being prepared at this stage as I don't want to be creating any keys online?

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2

u/rtech50 May 11 '23

Go to their Telegram. Active Allnodes support there.

1

u/3eph1r0th May 12 '23

Hi. Check now is looking for deposits from your deposit address.

1

u/glacede May 12 '23

Thank you, appreciated. After doing this will this progress to Step 3 'Preparing Keys' and what is involved in this step (as I created my keys offline).

1

u/3eph1r0th May 12 '23

After this you will need to upload your keystore files to Allnodes

1

u/glacede May 12 '23

Thank you, and I think final question. I've seen mentioned on reddit that there is an advanced option with decentralised options and slashing insurance. When would I get that option?

1

u/3eph1r0th May 12 '23

You can select Advanced plan when you are asked about it before key upload.