🛠️FAQs generales
General things you should know
What is the “Hot Wallet”?
The “Hot Wallet” is the wallet that provides liquidity to the protocol. It is a multisig wallet that receives both new user deposits and fees generated by active nodes. Therefore, it also distributes the rewards to every user with active deposits into the protocol.
What is the “Nodes Wallet”?
The “Nodes Wallet” is the wallet that deploys the Ethereum nodes. This wallet is well secured and stored, with limited access. Your balance tends to be zero since, to deploy a node, funds must be locked in the Ethereum Foundation Smart Contract.
How can I check active nodes related to the platform?
You can check all active nodes related to the platform at any time, as they are specified in the platform itself. The address of the outgoing fees from the nodes is the address of the “Hot Wallet”.
Why do I have to send my tokens to another address than 0x?
To stake ethereum and earn the Annual Interest Rate, you need to run a node. Running a node involves having 32 ethers tokens locked. Ethernodes.io aggregates customers' ether liquidity to set up new nodes every 32 ethers. The tokens are deposited in the “Hot Wallet”, which manages liquidity. If the protocol itself has enough space on the active nodes to absorb a new deposit, the ethers received in the “Hot Wallet” are balanced with the existing ethers on the active nodes. This way, in less than 24 hours, the client has their ethers staked, making the process much more efficient and faster!
Can the protocol have less Ether than invested by clients?
Customers “Total Deposits” will always be lower than “Total Funds” in the protocol itself. The protocol will always have at least one node with self-deposits running. All deposits received are allocated directly to the nodes. This means that the protocol does not perform any other activity to generate the Annual Interest Rate (APR).
How much of its own Ether does the protocol invest?
The protocol will always have at least 1 self-deposit node active or in the process of activation (32 ethers).
How long does it take for a node to start generating rewards?
It depends on how many nodes are queued to be deployed on the network. At this time, the estimated time ranges between 2 and 7 days. This means that once you deploy the node on the network by locking your ethers, the estimated time to start earning rewards is up to 7 days. That's why the protocol always tries to be one step ahead, offering its customers the opportunity to skip waiting times!
What is the deadline to Recover Funds from a Node once it is turned off?
Since there is a queue to activate a node in the network, there is also a queue when a node is shut down. The time depends on how many nodes are being turned on and off at that time. The actual time required to recover funds locked on a node is approximately 1 day. Therefore, the protocol has its own “Liquidity Ratio” to offer immediate response to its users.
What is the Liquidity Ratio?
The Liquidity Ratio is the amount of funds in the “Hot Wallet” versus the “Total Deposits” received by customers. Represents how many deposits can be withdrawn in less than 24 hours. Once the Liquidity Ratio reaches 0%, at least one node must be redeployed to recover funds and process requested withdrawals.
How can I calculate the total funds in the protocol?
The protocol is completely transparent. To obtain the correct figure, you must perform the following calculations: [(Number of active nodes + Number of nodes in the process of activation) * 32] + Balance of the “Hot Wallet” + Balance of the “Nodes Wallet” + Balance of the "Distribution Wallet"
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