One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his DappNode’s power button.
DeFi protocol Synthetix founder, Kain Warwick, reported on Twitter that he’d discovered that his Ethereum node hardware had been accidentally switched off which caused him to lose ETH through “continuous slashing” over a number of days. He blamed his toddler, or his robotic vacuum cleaner
So my toddler or my Roomba decided to push the power button and switch off my @DAppNode at some point in the last week. So I’ve actually lost ETH through continuous slashing. Also geth has decided it won’t start and it feels like one of those delete and start again moments. ama.
— kain.eth (@kaiynne) December 8, 2020
Although he lost less than 1 ETH and found it more “funny/frustrating than anything” it highlights the dangers to stakers from unforeseen issues. In Warwick’s case the problem was solved by turning the DappNode to face the wall so the power button was inaccessible, but for other users, things aren’t so simple.
A lengthy discussion on Reddit has revealed examples of others that have been ‘slashed’ with a debate on the pros and cons of staking on the new proof-of-stake Beacon Chain.
One user going by the Reddit handle ‘ROCK1006’ claims to have been slashed for running two instances of the validator, while another report posted by user ‘lapalissiano’ saw the user slashed for…