How It Works
From BYO-BLS onboarding to vault settlement.
The external operator path keeps validator signing keys with you while Foundation systems validate onboarding data, fund principal, and enforce seat economics through vault contracts.
Lifecycle
From application to active validator.
A simple process with clear handoffs between you, Foundation, and the network.
- Phase 1
Apply
01
Apply
You~10 minSubmit your operator profile and infrastructure plan.
Share operator background, hardware plan, and validator operations experience through the application channel.02
Review & eligibility
Foundation1–2 business daysWe review reliability, policy fit, and client diversity.
Centurion reviews infrastructure reliability, client diversity, and policy fit before assigning a seat. - Phase 2
Set up
03
Generate validator keys
YouOfflineCreate your BLS keypair locally. Private keys stay with you.
You generate and keep the validator BLS signing keypair in your own environment. The Foundation does not receive, store, or regenerate private key material at any point.04
Submit validator data
You~5 minUpload your public key and deposit data for your assigned seat.
Submit the validator public key and deposit data prepared for your seat's vault-bound withdrawal credentials. Never send the keystore file or mnemonic. - Phase 3
Validate & fund
05
Validate & allowlist
FoundationOperationalSubmitted data is checked against seat policy and credentials.
The Foundation validates deposit data against seat assignment, withdrawal credentials, and allowlist policy before permitting the deposit to proceed.06
Foundation funds deposit
FoundationTreasury-dependentThe 32 CTN deposit is submitted for your seat.
After validation, the Foundation submits the 32 CTN deposit transaction. The one-use allowlist entry is consumed as the deposit lands. - Phase 4
Go live
07
Validator goes live
NetworkActivation queueOnce the deposit clears and the queue completes, your validator becomes active.
After deposit inclusion and activation-queue processing, your validator becomes active and begins attesting and proposing under your operational control.08
Rewards, claims & exit
VaultOngoingRewards and exit flows are managed through WithdrawalVault.
Rewards and exit proceeds are governed by your WithdrawalVault. Claims follow vault policy, and the treasury can initiate an exit request through the vault/EIP-7002 path when needed — consensus-layer rules still govern final exit timing.
Economic Flow
How responsibility and value move through the external model.
State Machine
Program workflow, on-chain funding, and consensus outcomes are distinct stages.
Application review and onboarding validation are off-chain program states. Allowlisting and deposit funding are on-chain treasury actions. Activation is a consensus-layer result after deposit inclusion and activation-queue processing.
Vault Mechanics
Three phases govern how your vault pays out.
Each vault is a standalone smart contract with two economic roles (operator beneficiary and Foundation treasury) and a three-state settlement flow with a cancellation window before settlement becomes irreversible.
Auto-Settlement
How settlement triggers automatically after validator exit.
A five-gate predicate evaluated by the consensus-layer watcher determines when a validator has exited and its balance has landed in the vault.
When all five gates hold, the watcher automatically proposes settlement and, after the 1-hour delay, finalizes it. The two-phase design is crash-safe: if the watcher crashes between proposal and finalization, it retries on the next scan cycle.
Slashed validators require manual review because their exit balance may be below the principal target, weakening auto-settlement signal quality. This is acceptable because slashing events already demand Foundation intervention.