Summary
This update serves as the second performance report for the 12 Lido x Obol Cohort 1 clusters active on mainnet via the Simple DVT Module. Given an increase in performance across all metrics, it is proposed that the key limits for Obol Cohort 1 are raised to 80 validators in a phased approach.
Performance Analysis
Obol Cohort 1 validator performance has continued to be tracked and monitored since the May 2nd activation date. As a reminder, over the course of the initial monitoring period of May 2nd to June 6th, Average Uptime across clusters stood was 99.95%, the Average Validator Effectiveness was 96.48%, and the Block Proposal Success Rate stood at 73.68%, with 14 proposed blocks and 5 missed blocks (though from May 7 - June 6th the Block Proposal Success Rate was 100% as explained in the prior report).
Since that time, the number of validator keys has been increased to 40 per cluster from 5 in the first period (a total of 480) and there has been an improvement across all metrics: with Average Uptime now at 99.96%, Average Validator Effectiveness of 96.91%, and a Block Proposal Success Rate of 86.76%. Importantly, Average Validator Effectiveness continues to outperform the 30 day Network Performance as per Rated of 96.32%.
For a detailed overview of cluster level metrics & the list of validator keys, see the analysis: Obol Cohort 1 Performance Metrics - Google Sheets
Proposed Next Steps
Given the strong results, it is proposed that the key limits for Lido x Obol Cohort 1 clusters be raised to a maximum of 80 validators each until the next performance monitoring period (which will end no earlier than 37 days after the publication date of this update), in a phased approach of raising the key limits to 60, followed by an additional raise to 80 after the initial 20 additional keys have been deposited to and observed to activate without issues.
The relevant Easy Track motions for these key limit raises would be communicated in this thread and would follow the default approach of being veteoable by LDO holders over a 72 hour period.
In the coming weeks, performance updates will be shared for SSV Cohort 1 and Obol Cohort 2.
This begins a 7 day discussion period for the DAO to consider the performance report and proposal to raise key limits to 80 validators in a phased approach for Obol Cohort 1.