Set-up

The setup phase involves registering as an OVS and specifying prerequisites for operators who wish to participate in the OVS.

1. OVS registration on EO chain - Include registration as an OVS and define data feeds and sources. The relevant contracts to be deployed are described in EO Chain contracts

2. Setting operators requirements - Specify prerequisites for operators to participate on OVS, including:

   1. Stake - Amount and type of tokens operators must hold → OVS native tokens can serve as a prerequisite, requiring a matching strategy on eigen . For more details: https://github.com/Layr-Labs/eigenlayer-contracts/tree/dev

   2. Reputation requirements based on operator activity history

   3. Software, runtime environment, and technology prerequisites

EO supports both permissionless operator registration (where operators join the OVS quorum upon meeting predefined criteria) and manual approval by the OVS manager.

Key considerations

• The Corruption-Analysis Model helps establish the minimum stake requirement by comparing the potential costs and benefits of corrupting the blockchain oracle. For a detailed explanation, please refer to Cryptoeconomic Security

• Default settings can be applied for stake and reputation requirements, using restaked ETH and auto-approved EO operators