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"Estimated waiting time for exit queue" is misleading because does not include wait times for partial withdrawals #6

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parkerburchett opened this issue Aug 15, 2023 · 0 comments

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@parkerburchett
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Estimated waiting time for the exit queue is misleading because there is an additional delay for stakers to get their ETH back to mainnet because they have to wait for the partial withdrawals be processed.

So it looks like there is 0 day delay for withdrawing ETH but there is really a 7+ day delay to get ETH back on to the execution layer.

This is an important distinction because it means if / when users want to redeem an Liquid Staking Token (LST) for the underlying ETH on the consensus layer they need to wait at least a week instead of the 0 days that is implied by this app.

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Source: https://validator-queue-monitoring.vercel.app/

Compared to Rated https://www.rated.network/overview?network=mainnet&timeWindow=1d&rewardsMetric=average

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That has a withdrawal queue length of ~7 days.

Rated defines their withdrawal queue length" as:

A combination of the exit queue and the withdrawal processing queue. Shows the amount of time it takes to exit a validator and withdraw the ETH from exiting based on the current exit queue and the validators waiting to withdraw (partial and full).

See this thread: https://twitter.com/robplust/status/1691099200388558848

It doesn't seem like this data exists in the beaconcha.in API. but it can be instead fetched from Rated from this endpoint https://api.rated.network/docs#/Network/get_network_overview_v0_eth_network_overview_get

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