Glossary

Staking definitions.

Word/Acronym	Definition
Staking	The act of bonding ETH tokens to a validator through a deposit process. In return, the validator earns rewards derived from protocol inflation and transaction fees, distributed to the validator withdrawal credentials and fee recipients.
GRR	Gross Rewards Rate - represents the annualized proportion of rewards earned in relation to the total staked amount, expressed as a percentage and exclusive of fees.
NRR	Net Rewards Rate - represents the annualized proportion of rewards earned in relation to the total staked amount, expressed as a percentage and inclusive of fees.
Dedicated / Solo Staking	When stakers deposit multiples of 32 ETH in return for launching their own dedicated validator(s). Rewards generated by the validator are exclusively for the staker and not shared with others.
Pooled Staking	Stakers who want to stake any amount of ETH join a staking pool by contributing their ETH to a common pool. This pool aggregates the ETH from multiple participants which in turn creates validators that are shared by the pool.
Integrator	A platform, whether custodial or not, that offers a staking service to its users.
Operator	An infrastructure provider, such as Kiln or Coinbase Cloud, running Ethereum validators.
LST / Liquid Staking Token	A Liquidity token (ERC20, ERC115 or ERC721) used to wrap a staked position, enabling easy transferability and composability on other smart contract platforms.