Node Operator Admission: P2P as stVault Professional Trusted Operator

Node Operator Admission: P2P as stVault Professional Trusted Operator

1. Identification

P2P Validator is a leading non-custodial, institutional-grade staking infrastructure provider, We are the leading institutional-grade staking provider, delivering maximum network rewards with secure access to emerging opportunities across multiple blockchain networks. P2P Validator has over $10B in assets under validation across 40+ blockchain networks. We consistently rank among the top node operators in terms of performance and TVL. We are trusted by over 130 leading institutional clients, including but not limited to wallets, custodians, CEXes, etc.

P2P has been a Lido ecosystem partner and Ethereum Node operator for Lido since its inception in 2020.

2. Business Case

P2P Validator is applying for the Professional Trusted Operator role to support the growth of stVaults through a combination of operational excellence and a strong distribution strategy centered around curated vault use-cases.

1. Direct contribution to core stVault adoption

P2P is not only onboarding our own institutional and professional staking clients into the stVault framework but actively developing vaults in collaboration with leading curators on top of stVault. This includes structured restaking vaults, and market-ready leveraged products that showcase one of the primary value propositions of Lido V3. These initiatives are designed to expand stETH’s footprint in the institutional space, including but not limited to DATs, hedge funds, VCs.

2. Demand-side strategy beyond direct stakers

A key differentiator for P2P is our ability to bring vault-level demand, not just validator capacity. Through partnerships with top curators and DeFi platforms, we are building vaults that rely on predictable stETH minting capacity and require trusted operators to ensure throughput. As these vaults scale, they will materially contribute to the growth of the stVault ecosystem and support broader adoption of Lido V3’s modular design. To enable this, P2P requires higher minting bandwidth and operator inclusion at the Professional Trusted tier.

3. Ops & decentralization

P2P operates a highly decentralized, safety-first validator setup with strong client, infrastructure, and geographic diversity.

Client Mix & Versions

  • SSV infrastructure:

    • CL: Prysm, Lighthouse, Teku (evenly distributed)

    • EL: Geth, Nethermind, Besu (evenly distributed)

  • Vouch infrastructure:

    • CL: Prysm, Lighthouse, Teku, Nimbus

    • EL: Geth, Nethermind, Besu

Infrastructure Footprint & Geography

  • SSV validators run on dedicated bare-metal servers across four independent regions: Netherlands, Germany, Luxembourg, and the UK.

  • Vouch infrastructure is split across three independent regions, with separate GCP projects managed by three different operators, reducing correlated operational risk.

Key Management & Security

  • Distributed Key Generation (DKG) for validator keys.

  • Keystores stored in AWS, with passwords secured in Google Secret Manager (GSM).

  • Strong separation of duties and access domains across teams and environments.

MEV Posture

  • Neutral, safety-first MEV stance aligned with protocol and ecosystem best practices, prioritizing validator liveness and slash-risk minimization over aggressive MEV extraction.

4. Links

  • Website: p2p(dot)org

  • GitHub: p2p-org

  • Twitter: P2Pvalidator

  • Certifications: SOC 2 Type I audit, ISAE 3000 assurance report by PWC

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Hi! Thanks for applying, it’s great to see you moving forward with onboarding as a stVaults Node Operator.

The stVaults Committee has started the assessment process, and we’ll keep you updated as things progress.

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As a delegate of the stVaults Committee, I am posting to confirm that the relevant ET motions establishing P2P’s status as an stVaults Identified Node Operator have now been enacted.

Following the committee’s assessment of P2P’s application, P2P has been assigned to the Professional stVault Operator category under the stVaults framework. This assignment reflects the committee’s evaluation of P2P ’s operational readiness, infrastructure capabilities, and business case.

Thanks to the stVaults Committee for assessing our application and assigning P2P the Professional stVault Operator category.