Thank you for the visual diagram. I’ve added a various terms to infographic that we have been using within the RP community to make the distinction. I agree that the visual illustration is much better to understand but I wanted to make the distinction between the withdrawal credential and the withdrawal address.
The remaining questions that I think are pivital to evaluating the proposal are:
- Does EiL see value in the ‘junior colleteral’ or second position bond? (e.g. NO ETH that only has value if the NO is not slashed. E.g only 1.5 ETH of NO remaining per validator)
- If so what % of value do they place on it (0% - 100%) as compares to first position ETH. (EiL needs decentralization as much as it need security collateral so they may value second position ETH more for it’s decentralized NOs than it’s economic assurity.)
- Can we clarify that this bounty would seed the design and development of an EiL contract (e.g. the box titled “EienLayer”) that can be used as the RP Withdrawal Address by RP NO that want to join the EiL ecosystem using their NO remaining ETH.
- There was this great post on X [ Link ] by marijor.eth that illustrated the EiL ecosystem. I’m guessing that the smart contract in #3 above that the bounty is targeting would connect in Marijor’s diagram, where he has an arrow up from the bottom that says “ETH staking”. Is that conceptually correct?