How to withdraw your staked ETH with Dappnode
Summary
TLDRThe script provides a tutorial for Ethereum validators on how to set up withdrawal credentials and perform partial or full withdrawals of staked ETH. It covers using tools like Wagyu Key Gen and the Beacon Chain Explorer to add a withdrawal address, broadcasting a signature to register it, and exiting validation duties. For full exits, it details using the Staking Brain interface to stop validating and monitoring the Beacon Chain Explorer to track when the exit completes and funds can be withdrawn.
Takeaways
- š This video explains how to set up withdrawal addresses and perform partial or full withdrawals from your Ethereum staking validator using tools like Wagyu Key Gen and the DAppNode Staking Brain.
- š You need a withdrawal address configured to receive funds when withdrawing staking rewards.
- š¦ A withdrawal address ends with a 1 while an non-configured address ends with a 0 in the deposit section of the validator page.
- š Use Wagyu Key Gen to securely generate your withdrawal credentials from your recovery phrase and add a withdrawal wallet address.
- š¤ Broadcast the signature file in the beacon chain explorer to register your withdrawal address with your validator.
- ā ļø Only proceed with the next steps if you want to fully withdraw your 32 ETH stake and stop validating.
- š Use the DAppNode Staking Brain UI to select validators you want to exit and confirm to initiate the exit process.
- ā³ It takes around 10 minutes to see the exit update reflected in the beacon chain explorer.
- š° You can view the epoch when your exited validator will be able to withdraw funds in the explorer.
- šø Once exited, you can fully withdraw your 32 ETH stake plus any accumulated rewards.
Q & A
What are the two types of withdrawals mentioned in the transcript?
-The two types of withdrawals mentioned are partial withdrawals, which consist of claiming staking rewards, and full withdrawals, which consist of exiting your entire 32 ETH stake from validating activities.
What is needed for a partial withdrawal?
-For a partial withdrawal you need the Wagyu Key Gen and your validator address in the beacon chain explorer.
What additional item is needed for a full withdrawal?
-For a full withdrawal you also need the DAppNode Staking Brain in addition to the Wagyu Key Gen and validator address.
How can you identify if a withdrawal address is configured for your validator?
-A configured withdrawal address ends with a 1, while a non-configured address ends with a 0.
What is the purpose of generating a BLS to execution chain file?
-Generating the BLS to execution chain file allows you to add a withdrawal address to your validator.
Why is it important to not proceed if you don't want to stop validating?
-You should not proceed past broadcasting your signature if you don't want to stop your validation duties and withdraw all your ETH.
Where can you find the web3signer package needed for withdrawal?
-The web3signer package needed for withdrawal can be found in the DAppNode packages.
What confirmation is needed in the Staking Brain when exiting validators?
-The Staking Brain requires you to type in "I want to exit" when confirming exiting validators.
Where can you see when your exited validator will be able to withdraw funds?
-The exit epoch showing when your funds can be withdrawn is visible in the beacon chain explorer after successfully exiting.
What indicates the withdrawal process has been completed?
-Seeing your validator status change to "exited" in the beacon chain explorer indicates your withdrawal is being processed.
Outlines
š Adding a withdrawal address to your validator
This paragraph provides step-by-step instructions on how to add a withdrawal address to your validator using the Wagyu Key Gen and Beacon Chain Explorer. It covers locating your validator index, generating a BLS key using your recovery phrase, adding a wallet as a withdrawal address, and broadcasting your signature to finalize the process.
š® How to perform a FULL withdrawal from your validator
This paragraph warns that the following steps will withdraw your entire 32 ETH stake and stop all validation activities. It then provides instructions on using the DAppNode Staking Brain UI to select and exit validators. It notes that it may take around 10 minutes to see the update reflected in the Beacon Chain Explorer indicating your validator will leave the network and release your staked ETH.
Mindmap
Keywords
š”withdrawals
š”BLS key
š”validator
š”epoch
š”Staking Brain
š”beacon chain explorer
š”seed phrase
š”staking
š”JSON file
š”exit
Highlights
There are two types of withdrawals: partial withdrawals which consist of claiming your staking rewards, and full withdrawals which consist of exiting your whole 32 ETH from your validator.
For a partial withdrawal you're gonna need the Wagyu Key Gen and your validator in the beacon chain explorer.
In case you're doing a full withdrawal you're also going to need the DAppNode Staking Brain.
You can differenciate these because a withdrawal address ends with a one, while a non-configured withdrawal address ends with a zero.
Make sure you disconnect from the internet while inputting your seed phrase.
Be aware that if you're adding addresses to multiple validators you need to change your start index too.
Once you broadcast your signature, that's it! You're all set! Your withdrawal addresses have been uploaded to your validator!
It's important that you DO NOT proceed if you don't want to stop validating duties.
We're gonna go to the packages and we're going to look for the web3signer package.
In this case we're going to be using prater because we're on Goerli.
We're going to select the validators that we want to exit and we're going to click on the exit validators button.
It is going to ask for I want to exit typed-in confirmation and once you click exit, you should be able to see -it took me around 10 minutes- but you should be able to see this change under the beacon chain explorer.
Once you're able to see this update in the beacon chain explorer, you should also be able to see the exit epoch when your validator will be able to leave the network and take your staked ETH.
JSON format highlights from transcript on validator withdrawals.
15 significant highlights extracted and formatted as a JSON array.
Transcripts
as the shapella upgrades get close we at DAppNodeĀ want to help you be ready for withdrawals. We'reĀ Ā
going to be presenting you with the easiestĀ method available, however if you want to try anyĀ Ā
alternate methods we also put together a guideĀ that talks about more options with differentĀ Ā
difficulty levels. First of all it's important toĀ notice that there are two types of withdrawals:Ā Ā
partial withdrawals which consist of claimingĀ your staking rewards, and full withdrawals whichĀ Ā
consist of exiting your whole 32 ETH fromĀ your validator and stopping all validatingĀ Ā
activities. For a partial withdrawal you're gonnaĀ need the Wagyu Key Gen and your validator in theĀ Ā
beacon chain explorer. In case you're doing a fullĀ withdrawal you're also going to need the DAppNodeĀ Ā
Staking Brain, but we'll get to that later. In theĀ beacon chain explorer, you should be able to seeĀ Ā
under deposits if you set up a withdrawal addressĀ when you first set up your validator. You canĀ Ā
differenciate these because a withdrawal addressĀ ends with a one, while a non-configured withdrawalĀ Ā
address ends with a zero. For the purpose of thisĀ example we're going to use a validator in theĀ Ā
Goerli testnet. So if you use an existing recoveryĀ phrase, you should be able to generate your BLS toĀ Ā
execution change which is also known as adding aĀ withdrawal address. Make sure you disconnect fromĀ Ā
the internet while inputting your seed phrase.Ā So the validator indexes are the numbers thatĀ Ā
appear on the top left part of the beacon chainĀ explorer, so copy and paste it, and the BLSĀ Ā
withdrawal credentials, which you can find underĀ the tab withdrawal credentials. So we'll just copyĀ Ā
this and add a wallet as a withdrawal address. BeĀ aware that if you're adding addresses to multipleĀ Ā
validators you need to change your start indexĀ too. Next we're going to generate a JSON file,Ā Ā
so let's go back to the beacon chain explorerĀ and in the top right part under more click onĀ Ā
broadcast signed message. So here you are gonnaĀ click the input area and then select the BLS fileĀ Ā
that you just generated with Wagyu. OK, let's stopĀ right there! Once you broadcast your signature,Ā Ā
that's it! You're all set! Your withdrawalĀ addresses have been uploaded to your validator!Ā Ā
So from this point on we're going to be talkingĀ about how to do a FULL WITHDRAWAL. It's importantĀ Ā
that you DO NOT proceed if you don't want to stopĀ validating duties. If you don't want to withdrawĀ Ā
your staked ETH, please stop right now. So, we'reĀ gonna go to the packages and we're going to lookĀ Ā
for the web3signer package. In this case we'reĀ going to be using prater because we're on Goerli,Ā Ā
and we're going to visit the UI which is going toĀ take us to the Staking Brain. So under the StakingĀ Ā
Brain we're going to select the validators that weĀ want to exit and we're going to click on the exitĀ Ā
validators button on the top right. It is goingĀ to ask for I want to exit typed-in confirmationĀ Ā
and once you click exit, you should be ableĀ to see -it took me around 10 minutes- but youĀ Ā
should be able to see this change under theĀ beacon chain explorer. So once you're ableĀ Ā
to see this update in the beacon chainĀ explorer, you should also be able to seeĀ Ā
the exit epoch when your validator will be ableĀ to leave the network and take your staked ETH.
Browse More Related Video
Two Pot Retirement Update - What to do come 1 September 2024
Introduction to Spyder - Part 1
Link Building with Google Sheets: Start Guest Posting in 15 Minutes
The Beacon launched the BEST PLAY TO AIRDROP campaign?!
Allen Bradley Controllogix Compactlogix Ethernet Connection Studio 5000
Download Free Land Cover data from Earth Explorer / USGS
5.0 / 5 (0 votes)