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List of key terms related to Blockswap Network Protocols.

The wording used in some of our documents may be unfamiliar to our readers. Some of the more commonly used terms are listed below to help with your understanding of Blockswap Network. If you have additional questions regarding some of the documentation's explanations, please join our community Discord.

dETHA derivative ERC-20 representing staked ETH within a validator offering slash protected yields.
SLOT TokenA derivative ERC-20 token representing management rights and network fee yields to an ETH2 validator.
Brand CentralCommunity Toolkit for Stakehouse coordination. Where staking is made social.
StakingParticipating in Beacon Chain validation.
Maximal Extractable Value Rewards (MEV)MEV stands for revenue extracted from the transaction ordering process of Ethereum block production. This is based on specific commercial interests of network operators. Including (arbitrage, subsidy, or fast transactions, ect.).
LiquidityThe ability for an asset to be converted/redeemed to cash.
Synthetic TokenSynthetic tokens are price feed backed tokens whose value fluctuates depending on the tokens' reference. They require a peg and unsustainable and deep liquidity.
Management RightsOperations and earned network revenue right of the validator.
RedeemableAbility to clawback underlying assets.
ValidatorActive operator with stake of 32 ETH performs block production/attestation on Beacon Chain.
Brand ManagerThe entity which registered the Brand ticker with a KNOT - 32 ETH validator using Stakehousee protocol.
Goodie BagAn NFT token set that comes with a KNOT.
Brand Ownership NFTThe NFT for the creator of the Stakehouse.
Middle LayerA neutral technology stack for the blockchain ecosystem.
Proof of Stake (PoS)The consensus mechanism by which the Ethereum blockchain is validated based on ETH deposits.
DeFiDecentralized Finance.
StakehouseIs an AMM which acts as a registry for the Ethereum Deposit Contract & Beacon Chain validators.
YieldRefers to the earnings generated or realized.
FungibilityTo be mutually interchangeable.
Ownership KeysPrivate keys represent final control and ownership of digital assets.
Gas FeesNetwork fees charged by the Ethereum network for processing its users transactions and making them available on the Ethereum blockchain.
SlashingSlashing is a mechanism built into proof of stake blockchain protocols to discourage validator misbehavior.
DAOA decentralized autonomous organization (DAO) is a legal structure that has no central governing authority. Each member of the organization can vote and act in the best interest of the organization.
sETHIs a liquid representation of SLOT tokens which can be found on the execution layer. sETH is used to track the increase of dETH in association with the SLOT tokens.
savETHIs the minted share of a validator (sits on the consensus layer) when a KNOT is created in the Stakehouse registry. It is the accounting token for dETH which is found on the execution layer.
Multichain composable ETH (dETH)Is a truly composable infrastructure, a bridgeless path to any EVM ecosystem, no price peg or pool maintenance, it has yield singularity and programmability.
Open IndexIs the default index for savETH. This index holds all the outstanding savETH and can be accessed by anyone looking to swap KNOTs. To complete this transaction a user must be holding dETH.
Redemption RateIs the rate of sETH needed to be burned per SLOT token to remove the KNOT (validator) from Stakehouse. This rate will have an exchange rate of 3+ sETH per 1 SLOT.
Redemption Rate = dETH minted in the house / current SLOT balance in the house.
Protected StakingIs one of the three LSD Networks staking pools. Protected Stakers earn staing rewards generated by their LSD Network. (Protected Staking pool contracts are defined as )
MEV StakingIs one of the three LSD Networks staking pools. MEV Stakers earn MEV and Tips generated by their LSD Network. (MEV Staking pool contracts are defined as fees&mev)
Node Operator StakingIs one of the three LSD Networks staking pools. Node Operators can stake a validator with only 4 ETH and use any node hardware and Ethereum clients they want.