{"id":129230,"date":"2020-12-09T06:05:27","date_gmt":"2020-12-09T03:05:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-leaders-mishap-sees-his-eth2-validator-subjected-to-continuous-slashing\/"},"modified":"2020-12-09T06:05:27","modified_gmt":"2020-12-09T03:05:27","slug":"defi-leaders-mishap-sees-his-eth2-validator-subjected-to-continuous-slashing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-leaders-mishap-sees-his-eth2-validator-subjected-to-continuous-slashing\/","title":{"rendered":"# DeFi leader\u2019s mishap sees his Eth2 validator subjected to &#8216;continuous slashing&#8217;"},"content":{"rendered":"<p>&#8220;<strong># DeFi leader\u2019s mishap sees his Eth2 validator subjected to &#8216;continuous slashing&#8217; <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvZmNkM2MyYjItZGVlOS00ZTY4LWJlMzMtZjcwNjkwYWU4MDczLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Node&#8217;s power button.<\/p>\n<p>DeFi protocol Synthetix founder, Kain Warwick, reported on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that he\u2019d discovered that his Ethereum node hardware had been accidentally switched off which caused him to lose ETH through \u201ccontinuous slashing\u201d over a number of days. He blamed his toddler, or his robotic vacuum cleaner<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So my toddler or my Roomba decided to push the power button and switch off my <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/DAppNode?ref_src=twsrc%5Etfw\">@DAppNode<\/a> at some point in the last week. So I\u2019ve actually lost ETH through continuous slashing. Also geth has decided it won\u2019t start and it feels like one of those delete and start again moments. ama.<\/p>\n<p>\u2014 kain.eth (@kaiynne) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/kaiynne\/status\/1336207283697512448?ref_src=twsrc%5Etfw\">December 8, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Although he lost less than 1 ETH and found it more \u201cfunny\/frustrating than anything\u201d it highlights the dangers to stakers from unforeseen issues. In Warwick\u2019s case the problem was solved by turning the DappNode to face the wall so the power button was inaccessible, but for other users, things aren\u2019t so simple.<\/p>\n<p>A lengthy discussion on<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/old.reddit.com\/r\/Buttcoin\/comments\/k8jo93\/eth2_validators_get_slashed_and_their_funds_get\/\"> Reddit<\/a> has revealed examples of others that have been \u2018slashed\u2019 with a debate on the pros and cons of staking on the new proof-of-stake Beacon Chain. <\/p>\n<p>One user going by the Reddit handle \u2018ROCK1006\u2019 <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/ethstaker\/comments\/k8aszv\/does_validator_can_not_process_twice_ive_been\/\">claims to have been slashed<\/a> for running two instances of the validator, while another report <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/ethereum\/comments\/k5ieut\/first_validator_slashed_and_exited_bad_day_for\/\">posted by user \u2018lapalissiano\u2019<\/a> saw the user slashed for a &#8216;Proposer Violation&#8217; for running four instances of the validator. <\/p>\n<p>ETH 2.0 stakes are currently one way and need to be locked up for at least a year until ETH 2.0 merges with ETH 1.0 and they become accessible again.<\/p>\n<p>Slashing is a mechanism that has been designed to protect the network by punishing validators if they do not fulfill their task correctly. It essentially serves two purposes, firstly to make it expensive to attack the network, and secondly to prevent validators from under performing or acting maliciously. Going offline for extended periods, or accidentally falling below the 32 ETH threshold can result in slashing.<\/p>\n<p>Ethereum protocol developer at Prysmatic Labs, Raul Jordan, published a<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/medium.com\/prysmatic-labs\/eth2-slashing-prevention-tips-f6faa5025f50\"> comprehensive blog<\/a> in November on how to avoid getting slashed. In it he explains that;<\/p>\n<blockquote><p>\u201cIt removes, or \u2018slashes\u2019, a portion of the offending validators existing stake, causing a gradual loss of ETH over time until the validator is forcefully ejected and marked as SLASHED. This is irreversible.\u201d<\/p><\/blockquote>\n<p>Configuration errors and mistakes can lead to slashing and one of the most common mistakes, according to Jordan, is when a user inputs the same validating keys into two or more servers.<\/p>\n<p>He added that another common mistake is when a user migrates his validator to a different machine or Ethereum 2.0 client. Forgetting to relocate and update the slashing protection history would result in duplicate actions being taken and the validator being penalized.<\/p>\n<p>There are a number of other risks involved in early involvement in ETH 2.0, Cointelegraph has also published guides on the dangers of running your own Ethereum node. For these reasons, the majority of retail ETH holders may be advised to wait for delegated staking services to emerge in 2021. <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/defi-leader-s-mishap-sees-his-eth2-validator-subjected-to-continuous-slashing\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# DeFi leader\u2019s mishap sees his Eth2 validator subjected to &#8216;continuous slashing&#8217; &#8221; One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his DappNode&#8217;s power button. DeFi protocol Synthetix founder, Kain Warwick, reported on Twitter that he\u2019d discovered that his&#8230;<\/p>\n","protected":false},"author":1,"featured_media":129231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/fcd3c2b2-dee9-4e68-be33-f70690ae8073.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,74891],"class_list":["post-129230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/129230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=129230"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/129230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/129231"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=129230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=129230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=129230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}