Settlement

LPs settle first by transferring ETH in an amount equal to the accepted quote to an escrowwallet managed by Northstake, and providing a transaction hash as proof of delivery.

Upon delivery of ETH in escrow, Northstake creates the withdrawal transaction from the validators included in the quote and presents it to depositors for signature. The Depositor sign the transaction which triggers full withdrawals to the Smart Contract, with the LP’s wallet address as beneficiary ie. owner of the validator. Depositors then provide a transaction hash as proof of change in recipient

As the transaction is signed, The escrow wallet automatically transfers ETH to the depositor's wallet address. Finally, settlement is completed as the staking contract transfers the ETH balance of the validators fully withdrawn from the beacon chain to the LP.