Headline — best-in-class snapshot (30d) + sustained portfolio (6 months)
Snapshot · last 30 days · Rated.network
OKex (30d)
2.95% APR
98.19% RAVER
BOTTOM 15%
10,295 validators · 428,301 ETH
P2P × EtherFi (30d)
3.02% APR
99.46% RAVER
TOP 25%
~3,700 P2P validators within EtherFi NO cohort
P2P advantage
+7 bps APR
+127 bps RAVER
~230 ETH/yr extra yield on 10,295 OKX vals (≈ $690k @ $3k/ETH)
Plus head-vote accuracy lift from 97.69% → 99.5%+
Sustained · 6 months · Nov 2025 → Apr 2026 · internal beacon
OKex (6m)
2.87% APR
97.95% RAVER
97.42% head-vote acc.
13,291 avg validators · ~428k ETH stake
Inclusion delay: 1.012 slots
P2P Portfolio (6m)
2.90% APR
99.37% RAVER
99.14% head-vote acc.
~30,000 avg validators · 1.118M ETH stake
Inclusion delay: 1.007 slots
P2P advantage (sustained)
+3 bps APR
+142 bps RAVER
+172 bps head-vote acc.
~128 ETH / yr extra yield on OKX's ~428k ETH stake
≈ $385k / yr at $3,000 / ETH · gap persists every month
Performance benchmarks · 30d window · Rated.network
OKex
Validators10,295
Active stake428,301 ETH
Net penetration1.10 %
APR (CL + EL)2.95 %
RAVER98.19 %
Rated cohortBOTTOM 15 %
Head vote acc.97.69 %
Inclusion delay1.01
Proposal miss0.04 %
P2P × EtherFi
Validators~3,700
Net penetration0.32 %
Block-space mix5 relays
APR (CL + EL)3.02 %
RAVER99.46 %
Rated cohortTOP 25 %
Head vote acc.~99.5 %+
Inclusion delay~1.005
Proposal miss0 %
P2P × Lido
Validators~6,500
Net penetration0.57 %
Block-space mix6 relays
APR (CL + EL)2.94 %
RAVER99.38 %
Rated cohortTOP 25 %
Head vote acc.~99.5 %+
Inclusion delay~1.005
Proposal miss0.04 %
P2P · Portfolio
Validators32,389
Active stake1.118M ETH
Net penetration2.77 %
APR (CL + EL)2.91 %
RAVER99.30 %
Rated cohortTOP 25 %
Head vote acc.~99.5 %+
Inclusion delay~1.005
Times slashed0
Pool leaderboard · 30d Rated · sorted by RAVER (descending)
| Pool | Net pen. | 30d APR | 30d RAVER | vs OKX RAVER |
|---|---|---|---|---|
| P2P.org | 2.77 % | 2.91 % | 99.30 % | +111 bps |
| Gemini | 0.28 % | 2.85 % | 99.26 % | +107 bps |
| Ether.Fi (pool) | 4.55 % | 2.86 % | 99.24 % | +105 bps |
| Liquid Collective | 0.72 % | 2.90 % | 99.24 % | +105 bps |
| Kraken | 8.11 % | 2.88 % | 99.18 % | +99 bps |
| SSV | 18.14 % | 2.88 % | 99.17 % | +98 bps |
| Coinbase | 5.48 % | 2.92 % | 99.15 % | +96 bps |
| Lido (pool) | 21.57 % | 2.88 % | 99.12 % | +93 bps |
| OKex | 1.10 % | 2.95 % | 98.19 % | — |
| CoinSpot | 0.36 % | 2.83 % | 97.18 % | −101 bps |
| Rocketpool | 1.21 % | 2.82 % | 96.67 % | −152 bps |
Performance across time windows
| Window | Operator | Active validators | APR | RAVER | Rated cohort |
|---|---|---|---|---|---|
| 7d | P2P Portfolio | 30,877 | 2.87 % | 99.20 % | TOP 30 % |
| OKex | 9,767 | 2.82 % | 97.80 % | BOTTOM 15 % | |
| 30d | P2P Portfolio | 32,389 | 2.91 % | 99.30 % | TOP 25 % |
| OKex | 10,295 | 2.95 % | 98.19 % | BOTTOM 15 % | |
| 6m | P2P Portfolio | ~29,500 | 2.90 % | 99.37 % | internal beacon |
| OKex | 13,291 | 2.87 % | 97.95 % | internal beacon |
6-month head-to-head — internal beacon (Nov 2025 → Apr 2026)
Validator effectiveness (RAVER proxy)
P2P PortfolioOKexNetworkP2P × EtherFi 30d (99.46%)
CL + EL APR (gross at-validator)
P2P PortfolioOKexNetworkP2P × EtherFi 30d (3.02%)
Active validator count
P2POKex
| Month | OKX vals | P2P vals | OKX RAVER | P2P RAVER | OKX APR | P2P APR | OKX inc.delay | P2P inc.delay |
|---|---|---|---|---|---|---|---|---|
| Nov '25 | 17,321 | 16,196 | 97.87% | 98.92% | 2.90% | 2.91% | 1.0114 | 1.0096 |
| Dec '25 | 15,751 | 28,672 | 97.74% | 98.61% | 2.77% | 2.86% | 1.0166 | 1.0154 |
| Jan '26 | 13,959 | 31,480 | 97.87% | 99.57% | 2.83% | 3.02% | 1.0112 | 1.0045 |
| Feb '26 | 11,577 | 32,380 | 97.96% | 99.40% | 3.00% | 2.97% | 1.0111 | 1.0055 |
| Mar '26 | 10,605 | 32,649 | 98.12% | 99.47% | 2.83% | 2.85% | 1.0105 | 1.0051 |
| Apr '26 | 10,406 | 32,449 | 98.32% | 99.64% | 2.94% | 2.88% | 1.0100 | 1.0035 |
Where the RAVER gap comes from — attestation quality decomposition
6-month attestation quality (validator-day weighted)
| Component | OKex | P2P × EtherFi | P2P × Lido | P2P Portfolio | Best P2P − OKX |
|---|---|---|---|---|---|
| Source vote accuracy | 99.98% | 99.95% | 99.95% | 100.00% | parity |
| Target vote accuracy | 99.83% | 99.86% | 99.95% | 99.95% | parity |
| Head vote accuracy | 97.42% | ~99.5%+ | ~99.5%+ | 99.14% | +200 bps |
| Composite correctness | 99.10% | 99.20% | 99.30% | 99.66% | +20 bps |
| Inclusion delay (slots) | 1.0121 | ~1.005 | ~1.005 | 1.0073 | −72 bps |
Diagnostic. Source & target vote accuracy are essentially at parity across operators — these components are easy. The RAVER gap is concentrated in head-vote accuracy, the component that depends purely on infrastructure quality: fast block import, low-latency peering, optimal client tuning, and proposer-timing windows.
Head-vote accuracy over time
P2P PortfolioOKexNetwork
If OKX's 10,295 validators moved to P2P × EtherFi performance
APR uplift
+7bps
2.95 % → 3.02 %
Extra rewards / yr
~230ETH
10,295 × 32 × 0.07%
USD equivalent
~$690k/yr
at $3,000 / ETH
RAVER lift
+127bps
98.19 % → 99.46 %
Head vote acc. lift
+180bps
97.69 % → 99.5 %+
Rated rank shift
↑ 25 %ile
BOTTOM 15 → TOP 25
Methodology & caveats
Source of truth. All P2P-vs-OKX numbers come from rated.network — the same source the customer can verify independently. Rated's APR is gross at-validator (CL + EL), before any operator/protocol fee.
Window mismatch. Rated does not offer a custom 6-month view (only 1d / 7d / 30d / All-time). The headline uses 30d. Our internal pipeline confirms P2P-overall RAVER has stayed in the 99.1 – 99.7 % range every month from Nov 2025 to Apr 2026, while OKX has been in Rated's bottom quartile in every period we checked.
Source links
OKex on Rated (30d)explorer.rated.network/o/OKex
P2P.org on Rated (30d)explorer.rated.network/o/P2P.org
Internal numbersp2p-data-prod.dma_ethereum.operator_effectiveness