Question 1

What’s DIVA and how does it work?

Accepted Answer

DIVA is an Ethereum liquid staking protocol powered by Distributed Validator Technology (DVT).

Question 2

What rewards can I get after depositing stETH in DIVA vaults?

Accepted Answer

DIVA vaults will earn you Ethereum staking rewards and $DIVA, a token reward from DIVA, when you deposit stETH. Also, the deposit via OKX Web3 DeFi will earn you $DIVA on top of those accumulated rewards.

Question 3

When will the mainnet launch of the DIVA protocol happen?

Accepted Answer

According to the roadmap, the DIVA protocol will be on the mainnet in Q1-Q2 2024.

Question 4

What will happen to my deposited stETH after the launch?

Accepted Answer

stETH will remain in DIVA vaults before launch. After the mainnet launch, all stETH will be converted to divETH, DIVA’s Liquid Staking Token (LST). It'll generate Ethereum staking rewards and can freely trade on decentralized exchanges.

Question 5

When will I receive the $DIVA airdrop?

Accepted Answer

$DIVA can only become transferable once approved by DIVA DAO. This also means the extra $DIVA you earn via OKX Web3 DeFi can only be received once the transfer is approved by DIVA DAO.

Question 6

What will happen if I redeem my stETH before the mainnet launch?

Accepted Answer

You can redeem stETH anytime before launch, but all your DIVA rewards will be lost. Also, the rewards accumulated on OKX Web3 DeFi will be halved during distribution.

Question 7

What are the potential risks?

Accepted Answer

The conversion of stETH to divETH after launch may cause insufficient liquidity, and you may not be able to redeem temporarily. Plus, similar to any DeFi protocol, DIVA also has a protocol risk. This means the protocol could be hacked, causing a loss of your funds.