Stakehouse protocol works as an automated market maker for staked ETH liquidity extraction. At any moment the Stakehouse registry can reconcile which wallet owns which ETH in which underlying validator. To track consensus layer rewards in the execution layer, the protocol mints multichain derivative Ether tokens (dETH) and derivative liquid validator tokens (SLOT) which have 100% redeemability and accountability.
This is a trustless and permissionless process done without custody, without commissions, and Stakehouse never holds onto the validator owner’s Ether or validator keys. The protocol acts as a value add layer for all those looking to stake a validator or access validator yields on the execution layer. Stakehouse will provide staking and validator rewards to the end user and allow for the commercialization of validators.
The cornerstone of all Blockswap protocols is Easy Mode. This focuses on the end user by taking complex processes and making them executable to anybody with knowledge of using a wallet. This is exemplified in Stakehouse by allowing anybody to stake a validator in under 60 seconds.
Once staked, the Stakehouse protocol will mint 24 dETH and 8 SLOT, which can be sold or held to receive rewards and revenue.
Here is a video breaking down what Stakehouse has to offer.
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