PEEPanEIP#128: EIP-7002: Execution layer triggerable exits with Danny

Ethereum Cat Herders Podcast

EIP-7002 is CFI'd for Pectra Upgrade. Check out this video with Danny Rayan for an overview of the proposal and its benefit to the Ethereum ecosystem. Resources: ----------------- EIP-7002 - https://eips.ethereum.org/EIPS/eip-7002 Discussion - https://ethereum-magicians.org/t/eip-... PeerDAS is a good area of research in ethereum - • PeerDAS is a good area of #research i... PEEPanEIP - • PEEPanEIP Pectra - • Pectra (Prague-Electra) Check out upcoming EIPs in Peep an EIP series at https://github.com/ethereum-cat-herde... Follow at Twitter -------------------------- Danny Ryan - / dannyryan | Pooja Ranjan - / poojaranjan19 Topics covered ------------------------- 0:19 - Intro to EIP-7002 1:44 - Intro to guest 2:26 - Shout out to co-authors Mikhail Kalinin, Ansgar D., Hsiao Wei, Matt Garnett 3:27 - EIP-7002, the problem 4:05 - What is Pubkey? 4:44 - What is a Withdrawal Credential? 5:15 - Withdrawal creds hold all the funds but only an active key can make an exit. 5:52 - Existing bugs/issues 9:00 - EIP-7002, the solution 9:27 - Only allows 0x01 creds but effectively opens it to 0x00 via one time change message 10:27 - Sending a message from the EL from withdrawal creds 11:02 - eip7002 specs 11:08 - Main component of the EIP - System Contract, Cross Layer Messaging via execution payload, New Operation - Execution Layer Exit 12:05 - System Level Contract 13:39 - Fees paid to the contract 16:27 - Validator queue 19:00 - 64 exits per epoch 19:28 - Block validity conditions 21:22 - Why did devs prefer to put it in block body when CL should be able to read the EL? 22:50 - The Consensus Layer 23:27 - Operation is a validator transaction. Difference between user actions and validator transactions 24:34 - CL code with 7002 specs 25:18 - Difference between “process voluntary exits” and 7002 28:20 - Rationale 7002 28:40 - why not just use withdrawal creds or validator index? Why pub key? 30:12 - why an exit message queue? 32:12 - Eigen Layer use case and more 30:50 - rate limiting 32:50 - End of the presentation 33:29 - EIP-7044 improves existing story 34:10 - Were you confident that 7002 will get accepted so easily? 36:15 - Inspiration behind the documentation of EIP-7002 37:47 - Relationship with the Pull design or EIP-4895 at all? 39:40 - What is Process level and system-level operations? Why 7002 is a process level operation? 41:59 - Exit message queue 44:50 - Why is fee calculation added to the proposal? 46:35 - Specific use case 49:00 - Risk or challenges associated 50:40 - Client implementation & devnet 1 52:07 - Analogy to Account Abstraction 55:00 - Message for the community