Symbiotic

The following are steps to register to Symbiotic as an operator.

Operators may complete the following steps using either Symbiotic’s CLI tool (recommended for ease and automation) or directly via Etherscan.

An operator must go through the process per each Symbiotic Vault they wish to receive stake from. Each operator is represented as a Subnetwork in the system, which is only allowed to receive delegations from one Vault. Delegations from other Vaults will not count as collateral.

1. Register to Symbiotic Operator Registry

To become a valid operator in the Symbtiotic system, an Operator must be registered in the Operator Registry. In order to do so, call the _agentRegisterAsOperator function through the OperatorRegistry.

2. Operator to Vault Opt In

In order to receive delegations, an operator must first opt into the Symbiotic Vault they wish to receive stake from.

This step can be done by calling theVaultOptInService . Once the process is complete, verify via the check command.

3. Opt in to Cap Network

The final process is opt in to Cap's network. There are three steps.

  • First, the operator must register to Cap's network using NetworkOptInService .

  • Second, after Cap team's due diligence process, Cap's Network Middleware will register the operator via registerAgent.

  • Finally, Cap's delegation contract must add the operator to the protocol along with loan parameters. The parameters are set to LTV = 50% and LT = 80% by default.

Once the steps above are complete, Vault owners can allocate stake to operators, but only up to the network’s predetermined stake limit.

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