Wallet upgrade
Wallet type can be found through a Chain explorer. Just find your validator key and check the Withdrawal Address
at Deposits
tab of your validator keys detail. There are 3 available withdrawal wallet states, recognizable through first 3 letter of the withdrawal credentials:
0x00
- Standard validator with 32 ETH maximum stake - no withdrawal credentials attached to the validator key. This is the default state of the validator key, if no withdrawal wallet was set during key generation0x01
- Standard validator with 32 ETH maximum stake and withdrawal wallet attached. Staking rewards are distributed automatically to the withdrawal wallet .0x02
- Compounding validator with ETH stake between 32 and 2048. Staking rewards are withdrawed based on request.
How to swith wallet state?
There is possible only to upgrade the wallet. Downgroad is not possible.
- Upgrade from
0x00
to0x01
can be processed through validator key generation tool. - Upgrade from
0x01
to0x02
can be processed through Launchpad website, see below:- Go to https://launchpad.ethereum.org/en/validator-actions
- Connect with your withdrawal wallet
- Process action
Upgrade account to compounding
- The upgrade to
0x02
wallet type requires confirmation of following: - On confirming the request in your wallet, be sure you interacting with 0x0000BBdDc7CE488642fb579F8B00f3a590007251 (EIP-7251: Consolidation Request) contract
- The upgrade to