Stolen MEV self-reporting 10302265

Slot 10302265
Validator 1631470
NO #11

I am using Safestake DVT - there is no possibility to define the fee_recipient ( they are working on it, expected to be implemented in 1-2 weeks )

I have already topped up my excess bond balance, you can deduct it from there

4 Likes

Hey! Thanks for self-reporting!

With regards to how the penalty settlement process works, please note the following. Once the EL Rewards stealing penalty is lodged, you will have to compensate using the relevant CSM module functionality, and do so within the allowed penalty challenge period. If you do not compensate within the period to settle the penalty, then the amount is automatically burned from the bond balance, BUT your benefits will be reset which you don’t want.

Settling the penalty is possible for example through the CSM UI on csm.lido.fi. This is necessary in order to prevent the benefits being reset (i.e. the discounted bond and access during EA period). Once the penalty is lodged you will see a “Unlock Bond” tab. You can then access the tab, submit the amount of EL rewards corresponding to what was misallocated to the wrong FR, and the flat fee for the penalty (note, these amounts are denominated in ETH only). Once you do so, then the bond will be unlocked and benefits restored.

More info can be found here: Penalties | Lido Docs

2 Likes

okay thank you for the feedback. yes i read the docs and visited CSM UI. unlock tab is there, but shows Locked bond 0.0 ETH at the moment. can you give me an estimation when an action is neccessary ( hours, days? )

ah there it is :slight_smile: …

Hi! The transaction Ethereum Transaction Hash (Txhash) Details | Etherscan was executed by the CSM committee multisig. You should be able to see the updated locked bond amount right now. Please make sure you compensate the penalty by the 30th of November; otherwise, the CSM committee will create a settlement transaction, which may result in losing benefits for your operator.

2 Likes

Yes, Done. Maybe interesting for others: excess bond does not help, you can only pay in ETH from external wallet

1 Like

Yes, everything looks fine, thank you for your actions.

2 Likes

Hello! A two-phased penalty system was introduced to ensure that the CSM Committee can not directly burn the user’s bond. Hence, compensation is only available after the penalty report.

The user’s bond can be burned only based on the DAO decision, which is ratified by an EasyTrack motion. The CSM Committee can only report the fact of stealing and starting an EasyTract motion. The ultimate decision about bond penalization is the sole responsibility of the Lido DAO.

1 Like

You can claim back extra bond if you wish

1 Like