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RAVER methodology

In this section we dive deeper into the methodology that underlies the Rated validator Effectiveness Rating, as exposed on the Rated network operator explorer.
The Rated Validator Effectiveness Rating (aka RAVER) is a measure of how well a validator has been performing its deterministic duties over time. In our view, this is the only true measure of validator performance, attributing to validator and operator only what is under their direct control.
Especially post-Merge it has become abundantly clear that validator performance != validator rewards.
Validator performance in Ethereum PoS is largely described by 3 core activity centres. These are:
  • Proposal effectiveness
  • Attestation effectiveness
  • Slashing record
In the following sections we examine those one-by-one and then synthesise them together in what constitutes the RAVER.