(NEW) Ethereum Pectra Upgrade

Yes. Blockdaemon will support the new 0x02 validators as soon as Pectra is live.

• Launch enhanced validators with up to 2,048 ETH each
• Consolidate or upgrade existing 0x01 validators to the 0x02 standard

New validators using the 0x02 type will start benefiting from auto-compounding immediately.

No. Your existing 0x01 validators will continue to operate normally and earn industry-leading PRR on your staked ETH. There’s no action needed unless you want to take advantage of new Pectra features like auto-compounding.

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Info

0x01 validators will still have a 32 ETH maximum effective balance and no auto-compounding.

Blockdaemon provides full support for both full and partial withdrawals. Access to Pectra’s features is available via:

1. Staking API
   The Post Stake Intent endpoint supports withdrawal_type with values of 0x01 (default) or 0x02.
   
   
2. Blockdaemon app
   New staking experience where users can choose the validator size and number of validators. Also, Add support for exit (full) and partial exit (withdrawals).
   
   
3. Wallet services

Before the Pectra upgrade, Ethereum supported two withdrawal credential types: 0x00 and 0x01. Pectra introduces a new type: 0x02.

• 0x01 - Manual withdrawal: The standard withdrawal type where rewards must be managed manually. It contains an execution layer address to receive both partial and full withdrawals.
• 0x02 – Auto-compounding: It enables higher staking limits and requires manual skimming for early reward access, allowing for effective balances > 32 ETH and < 2048 ETH. It also enables the ability to exit validators using the execution layer withdrawal address.

Currently, Blockdaemon supports Type 1 validators. After the Pectra upgrade, we will support both Type 1 and Type 2 validators. These validator types and their withdrawal mechanisms are documented in the official Ethereum Launchpad FAQ.

If your validator holds more than 32 ETH, you can withdraw the excess amount above that threshold. This is known as a partial withdrawal. Full exits are also supported.

With Pectra, validators can be upgraded from the 0x01 format to the 0x02 format using two methods:

• Conversion: The validator remains the same but upgrades in-place.
• Consolidation: Multiple 0x01 validators are merged into one 0x02 validator.

✅ Conversion Requirements:

• Validator must be active
• Must not be in exit state or slashed
• Must not have pending manual withdrawals

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In conversion, the source and target validator are the same.

✅ Consolidation Rules:

• Multiple validators can be consolidated into one.
• Each consolidation step is still pairwise.
• The target validator must not exceed the 2048 ETH maximum balance.

Validator consolidation offers two major advantages:

1. Compounding Rewards
   Validators with balances >32 ETH (and up to 2048 ETH) can now earn rewards on their full balance after Pectra.

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Compounding occurs in 1 ETH increments.

2. Operational Ease
   Operators can consolidate up to 64 validators into a single validator, streamlining operations.

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A Blockdaemon community consolidation tool is in progress.

Default Configuration

• After the Pectra upgrade, all default staking configurations will use Pectra-only staking.
• Users can choose the number of validators. The validator size is fixed between 32–2048 ETH.

Custom Configuration

• All new custom staking also defaults to Pectra-only.
• Users can choose both the number of validators and a validator size, 32 ETH (0x01) or 32–2048 ETH (0x02).