Precautionary validator exit & Withdraw guide

Following the incident involving SwissBorg, Kiln has implemented precautionary measures including Orderly exiting of all Ethereum (ETH) validators.

As a result, all users staking +32ETH on Safe via Kiln have their validators now exiting or exited: this process is expected to take between 10 and 42 days depending on the validator. Validators still earn rewards while exiting. These delays are enforced at the protocol level based on how many validators are exiting and cannot be changed by Kiln.

We estimated that all validators from will be exited before end of October.

Checking when your validators are ready to withdraw

1. Go to the Widget overview page, you should see your validators in one of the following status, when overing the status you can see at what stage of the exit queue the validator is.

   1. Exiting validators, your validator is still generating rewards while in the exit queue.

   2. Withdrawal processing validators, Validator exited and not generating rewards; balance waiting in withdrawal queue, this can take up to 9 days.

   3. Ready to withdraw, not generating rewards, funds are about to be withdraw from your validator to the staking contract.

      
   4. Until your validator is in status Ready to withdraw it means that your validator is still exiting and you can come back later to continue.

2. Click on the validator pubKey link to open the beacon chain page, and see a live estimate of the validator exit next to Exiting on and when he can be withdraw.

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3. When at least 1 of your validator is completely exited from the beacon chain, you should see this message prompting you to take a manual action to finalized your validators exit before withdrawing your assets.

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It’s possible that not all validators exited staking at the same time.

You can either withdraw the ones that are ready now and return later to complete the rest, or wait until all of your validators are ready and withdraw everything at once.

Withdrawing your staked ETH and generated rewards

Prerequisites :

• Validators in status Ready to withdraw

If you requested your validator exit before the incident AND you see your validators in status Ready to withdraw you can jump to step 3, if you don't know read the next steps.

You don’t need to wait for all your validators to exit before withdrawing your staked ETH and rewards. However, we recommend waiting until all validators have exited to minimize network fees.

1. On the Widget portfolio page, if at least one of your validators has been exited due to the precautionary validator exit, it will appear under Ready to withdraw but you won't be able to claim your ETH and rewards.

   1. You must finalize the exit before you can withdraw your staked ETH and rewards.

   2. Click on Finalize exit, to continue.

   

2. Finalize Validator Exit;

   1. Following the incident involving SwissBorg, Kiln has implemented precautionary measures including Orderly exiting of all Ethereum (ETH) validators.

   2. As a result, your staked ETH and rewards have been exited from staking and are now waiting to be withdrawn from the staking contract. However, the smart contract is not aware that these validators were exited, since the procedure was triggered outside the standard exit flow.

   3. To ensure that your rewards can be properly withdrawn, you need to manually finalize the exit of these validators. This can be done for all your validators in a single transaction, in this flow it's enforcing that you will requestExit all your Ethereum validators.

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   5. Once you have perform this action or if you did exit your validators before the incident, you should see all your validators in statuts Ready to withdraw and a Claim available ETH button.

3. Withdraw staked ETH and rewards;

   1. ⚠️ If you have at least one validator not finalized, you will not be able to perform a withdraw of your staked ETH or rewards even if they, finalize exit (step 2) and come back to this step.

   2. Else, you can proceed to withdraw all assets staked and generated rewards in one transaction.

   3. Upon successful transaction, you will receive all assets in your wallet.