Depositing and Minting

Process:

The MultichainZ Staking Pool allows individuals to deposit a minimal amount of ETH and receive some amounts of XETH in return. The XETH tokens symbolize the individual's stake in the MultichainZ Pool and the rewards they have earned from participating in Ethereum 2.0 consensus. The ETH deposited is accumulated until there is enough to create a new validator in the Ethereum 2.0 network. Once enough ETH is collected, the MultichainZ platform creates a new validator entity on the Beacon Chain and adds it to its network.

XETH represents the ETH deposit in the MultichainZ pool, in a proportional ratio of total XETH supplied, backed by actual ETH in the pool contract. Every new ETH deposit into the Pool increases the totalSupply and mints an proportional amount of XETH for the depositor.

amountEthStaked = msg.value − depositFees

xETHReceived = amountEthStaked ∗ totalxETHSupply/totalEth

In addition the XETH, Validator NFTs ("vNFTs") minting services are available,

where:

vNFTsReceived = msg.value / 32ETH

where the modulus of msg.value with 32 ETH must be 0.

Example:

The current total supply of xETH across all operators is 10,000

The current total staked ETH across all operators is 15,000

If you would stake 32 ETH, you will receive 21.33333333333333 XETH (32 * 10,000 / 15,000)

And you will have received 1 vNFT.