Smoothly is a tool for home stakers which enable us to pool together tips and MEV from block proposals. If you want to support the health of the network by staking from home, but also want the benefits of reward smoothing (historically only been offered by staking service providers), you can now have the best of both worlds. By pooling together execution layer rewards, validators have access to the mean reward and enjoy distributions at fixed intervals. To join, validators change the fee recipient address in their validator client to our pool contract, connect their wallet, and claim their share of the rewards every two weeks.

Note that this project is designed as an open source (Apache License 2.0) pubic good, and the only fees that are being charged are split between trusted operators of the oracle network. This amount (1.5% on Goerli) is only meant to cover hard costs and is not meant to enrich the operators. The Smoothly team takes no fee and our oracle is treated the same as all other operators.

The problem it solves

Since the beacon chain launched, capital incentives have increasingly shifted toward centralized staking providers, which offer higher yields through reward smoothing, native token distributions, and liquid staking tokens. This trend inspired me to give back to the home staking community by creating Smoothly, a tool that provides them with access to the mean MEV reward and helps combat centralization.

Funding plans

All funding will be allocated toward o...