Solving plastic and air pollution using the Ethereum blockchain could unlock significant economic benefits for the Ethereum ecosystem. By leveraging Ethereum's decentralized, transparent, and secure infrastructure, innovative solutions for tracking, verifying, and incentivizing pollution reduction could be developed. This could stimulate a new wave of 'green' decentralized applications (dApps), fostering innovation and driving increased usage and adoption of the Ethereum network. Additionally, the use of Ethereum's smart contracts could enable the creation of new markets for carbon credits or other pollution-related tokens, providing new revenue streams for participants in the Ethereum ecosystem. Combined with the benefits of over $100B in liquid, decentralized finance markets, which are fully audited, on-chain, and battle tested, Ethereum can serve as a base layer for a new Earth centered economic system.
Earth Ether enables anyone with any amount of Ether (ETH) to participate in Ethereum staking, without advanced knowledge of how to operate staking nodes. requiring 32 ETH, or knowing how to avoid slashing penalties. This user experience, has led to the vast majority of Ethereum tokens to be staked on either central exchanges, or centralized node operators (Lido). The liquid staking model has proved to be a more user friendly experience for users, as it allows users can withdraw their staked funds at any time, with little-to-no lock-up period. This is a significant advantage over traditional staking mechanisms, which often require users to lock up their funds for a specified period of time. This however, has led to concerns about centralization, and security of the network.
As the protocol is decentralized, node operator fees are dedicated to impact staking, incentivizing them to earn additional revenue through impact benefits, while keeping the end user staking rewards competitive with even centralized staking pools.
The Earth Ether smart contracts are designed to be fully permissionless similar to RocketPool, with a fair launch of the governance token distributed to early node operators. For those unfamiliar, this is how it works:
- Eartheans deposit/mint ETH for EARTH at a 1:369 ratio at earthether.org/stake or swap ETH for EARTH.
- Earth Nodes generate signing keys and post an Regen as collateral for the rights to validated blocks for Earth Ether.
Once 32 ETH is queued in the Earth Ether protocol it is automatically send to a Earth Node to begin generating Ethereum block rewards automatically sent back to the protocol. Every 7 days, the Earth Ether token is rebalanced according to the amount of block rewards generated minus the protocol fees set by the Earthean governance. This ensures rewards are distributed to each stakeholders without ever giving Earth Nodes control of the funds, and users are able to unstake their EARTH balance back to ETH by:
- Withdraw/burn EARTH for ETH at a 369:1 ratio at earthether.org/unstake or swap EARTH for ETH.
- If enough liquidity is in the queue, the user can withdraw immediately, otherwise an Earth Node exit signature is submitted to remove an Earth Node from Ethereum validating and return its 32 ETH stake back into the queue.
- Validator withdrawals (as of writing) occur roughly every 9 days, after which the funds should be available.
1. Stake from a Cold Wallet
Earth Ether was designed from scratch and audited in partnership with Halborn Security to optimize security for large Eartheans. All current staking options require Eartheans to connect their cold wallet, and earn rewards to that address. Making it necessary for Eartheans to carry their cold wallet with them, or use untruste, gas-inefficient smart contracts for delegating generated staking rewards.
Earth Ether lets you keep your cold wallet at home, and have your rewards paid out to your hot wallet. Giving you the optimal security and user experience for all scenarios.
2. Delegate to a Hot Wallet
Earth Ether offers the flexibility to delegate block rewards to a separate wallet, providing optimal security, potential tax benefits, and an enhanced user experience, especially when traveling. This feature empowers users to manage their assets and rewards in a manner that best suits their needs while maintaining the highest level of security and control. Deposit the desired amount of Ethereum into Earth Ether's decentralized liquid staking protocol to start earning block rewards.
3. Earn Rewards
Your Earth Ether balance will increase every 7 days proportional to the amount of ETH you have staked, and how much the decentralized Earth Node validator network earns over that period. The current Ethereum staking rewards can be found here, and can be used as a rough estimate of how much the Earth Node validator network should be earning over time.
Real time analytics will be provided at earthether.org/rewards, and will be the sum of the Earth Node validator network minus any fees or network penalties. Any regeneration initiatives successfully initiated by Earth Wallet will be tracked in real time on the rewards dashboard, to give the community a live update on the status of our pollution cleanup mission.
Earth Nodes are the decentralized network of validators who can stake for as little as 3 ETH by helping join our Earth regeneration protocol, anyone can join as a validator by acquiring one (1) Regen and staking as little as 3 ETH as collateral, which is pooled with 29 ETH from the Earth Ether protocol, and used to validate blocks on Ethereum and earn rewards to be used for regeneration initiatives.
For testnet validators please use this launchpad
The easiest way to support our mission is to replace Earth Ether (EARTH) into your smart contract where you can, rather than ETH. This will enable liquidity to grow, and help passively generate more regeneration for the planet.
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Earth Wallet Connect
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