Summary
This update serves as the first performance report for the 12 Lido x SSV Cohort 1 clusters active on mainnet via the Simple DVT Module. Given very strong performance results, it is proposed that the key limits for SSV Cohort 1 are raised to 40 validators in a phased approach, and the key limits for SSV Cohort 2 are raised to 5 validators once they have completed onboarding.
Performance Analysis
The performance monitoring period for Lido x SSV Cohort 1 began on July 20th, the day that all 12 clusters had active validators.
During this time, as per Rated, average uptime across clusters stands at 99.97%, aggregate Block Proposal Success Rate of 100%, and Average Validator Effectiveness is 97.46%. This compares to the 30 day overall Ethereum validator set performance with an average Validator Effectiveness of 96.71%.
For a detailed overview of cluster level metrics & the list of validator keys, see the analysis: https://docs.google.com/spreadsheets/d/1yFlORj_r29HOw5Cn6HOIBSZzJpBNjUyzk1BrXFbAwb0/edit?usp=sharing
Proposed Next Steps
It is proposed that the key limits for Lido x SSV Cohort 1 clusters be raised to a maximum of 40 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 20, followed by an additional raise to 40 after the initial 15 additional keys have been deposited to and observed to activate without issues.
It is also proposed that the key limits for the Lido x SSV Cohort 2 clusters are raised to 5 validators each, with a performance monitoring period and follow up performance report to be shared no earlier than 30 days after the keys are deposited to.
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.
This begins a 7 day discussion period for the DAO to consider the performance report and proposal to raise key limits to 40 validators in a phased approach for SSV Cohort 1, and raise key limits to the 5 initial validators for SSV Cohort 2.