What is the validator queue?
Ethereum's enterance and exit queues are ETH waiting to begin staking or to unstake. The network has a rate limit on how many ETH can be processed per epoch (referred to as churn). If more ETH is trying to enter or exit than can be processed, then they are placed in the respective queue.
Why is there a queue?
Ethereum's enter and exit queues are mechanisms to protect the stability of Ethereum's proof of stake (PoS) consensus.
Will the queue go away or always be this long?
If ETH is joining the entrance or exit queues at a faster rate than the churn (how quickly they're processed), then the queue and wait times will increase. If no more ETH joins the cue, or less join than the churn rate, then the queue and wait times will decrease.
What is churn?
The churn is a rate limit on the amount of ETH that can enter or exit per epoch. This throttling mechanism help prevent instability in consensus.
What is an epoch?
An epoch is a period of 32 slots where the validators propose and attest for blocks. With each slot being 12 seconds, an epoch is 6.4 minutes (6 minutes and 24 seconds).
What is sweep?
The "sweep delay" is how long it will take (after getting through the exit queue) for your funds to be withdrawn to your withdrawal address. When you exit your validator and it make it through the exit queue (if any), it becomes withdrawable. From there, the network cycles through withdrawable ETH to "sweep" the balance to the specified withdrawal addresses. The more ETH there are, the longer it will take to cycle through the entire set.
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