Ethereum’s next major upgrade, Pectra, is on the horizon, promising improvements to staking efficiency, security, and overall network performance. However, the testing process for Pectra has encountered roadblocks due to instability on the Holesky testnet. To ensure a seamless testing environment for institutional participants, Figment is pleased to announce our support for the Hoodi testnet.
Why a New Testnet?
Holesky was initially intended to be the primary, public testnet for the Pectra upgrade. However, due to a misconfiguration in some execution layer clients, Holesky experienced several forks during the upgrade. This event led to the majority of validators being ejected, such that, as of today, the exit queue stands at 1,011,800 validators, which would take about a year-and-a-half to process entirely. This means that certain elements cannot be tested end-to-end on Holesky.
Introducing Hoodi
Recognizing these challenges, the Ethereum community has introduced Hoodi as an additional public, testnet for Pectra. Hoodi allows for full end-to-end testing of Pectra features.
As part of our commitment to institutional staking, Figment will be supporting Hoodi to ensure our customers can continue testing their operations without unnecessary delays. We will be sharing additional details as they become available.
Stay Ahead of the Upgrade
Institutional stakeholders require certainty, stability, and reliability in their staking strategies. Figment continues our commitment to providing the best possible infrastructure and insights for Ethereum validators.
If you have any questions or need guidance on migrating your testnet activities, reach out to our team, we’re here to help you stay ahead of the curve.
