Summary
This update serves as the second performance report for the 12 Lido x SSV Cohort 1 clusters active on mainnet via the Simple DVT Module. Given continued strong performance results, it is proposed that the key limits for SSV Cohort 1 are raised to 80 validators in a phased approach.
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. The first report is linked here.
Since activation, as per Rated, average uptime across clusters stands at 99.96%, aggregate Block Proposal Success Rate of 95.45%, and Average Validator Effectiveness is 97.44%. This compares to the 30 day overall Ethereum validator set performance with an average Validator Effectiveness of 97.72%. One cluster, Graceful Gazelle, had a drop off in Validator Effectiveness to 92.69% that is currently being investigated. Excluding this cluster, Effectiveness for the cohort stands at 97.87%.
Block Proposal performance has generally been smooth, though a block was missed towards the end of the monitoring period that is also currently being investigated (though potentially is correlated to recent relay changes being processed by the clusters).
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 13
Proposed Next Steps
It is proposed that the key limits for Lido x SSV 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.
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 SSV Cohort 1.