The Node Operator Risk Standard is a tremendous step forward for financial institutions and other enterprises participating in staking on Ethereum. The new standard should dramatically simplify vendor due diligence processes for both node operators and their users and help effectively manage the risks of Ethereum staking. Proud to have supported the Alluvial team that led the development of this standard in collaboration with other expert staking organizations.
Announcing the Node Operator Risk Standard (NORS) certification for Ethereum: The gold standard for professional ETH node operators ?? Developed by a working group of 13+ industry-leading companies, NORS is the world's first attested certification for staking infrastructure risk management. Why does NORS matter? ?? NORS certification makes institutional-grade trust for ETH staking operations achievable.? For the first time, institutions can rely on a trusted, 3rd-party-verified standard for resilient ETH staking infrastructure. ?? NORS aligns with AICPA audit standards followed by SOC1 and other widely adopted diligence standards, with Big-4 auditors as NORS Qualified Assessors.?? This unlocks the ability for large-scale institutions to use NORS certification when conducting due diligence on ETH staking operations. ???NORS covers key aspects of node operations, including slashing prevention, validator diversity, and responsible key management. The open risk control matrix sets a new benchmark for professional operational security and risk management, specific to validator infrastructure. Developed by a diverse cross-industry working group, including: Alluvial Aon Blockdaemon Chainproof Coinbase DV Labs Eigen Labs Figment Galaxy Nexus Mutual Staked + others These expert collaborators ensured NORS provides robust risk criteria. In 2023, Liquid Collective started developing open validator performance & risk standards to help define enterprise-grade active sets. Alongside the LsETH Performance SLAs, NORS Certification will be used as an input for future Liquid Collective active set participation. For more information about the Node Operator Risk Standard (NORS) certification and how to get involved, visit nors.global https://lnkd.in/e3_gKeSR?
