🌍 The
#Ethereum
consensus layer is like Mother Earth to ETH projects. It is our collective responsibility to strengthen this shared foundation! 💪
Obol has launched a funding model for projects working to decentralise Ethereum's consensus!
🧵(1/16)
11
56
183
Replies
The Ethereum consensus layer is the foundation of trust for all the growth and innovation occurring in the Ethereum ecosystem.
🤝 We are excited to announce our vision of how Obol Distributed Validators (DVs) can support the long term innovation flywheel of Ethereum!
(2/16)
1
0
8
We hope that this monetary model inspires other middleware builders to contribute to this network effect and its sustainability! 🏗️
(3/16)
1
0
6
The successful funding for the application layer has contributed to the meteoric growth and innovation of L2 scalability solutions and the scaling of the execution layer.
This has made securing and decentralising the consensus layer more important than ever. 👀
(4/16)
1
1
6
To support the continued strengthening and decentralisation of Ethereum consensus, Obol is launching the 1% for Decentralisation (1forDS) retroactive fund!
#1forDS
(5/16)
1
0
6
🔄 How will the 1forDS retroactive funding (RAF) model work?
Obol DV clusters will contribute 1% of staking rewards to a retroactive funding pool. These funds will reward efforts which add to the decentralisation of the Ethereum consensus layer.
(6/16)
1
0
6
As the DV ecosystem grows, network effects will drive further value and increase monetary flows to the Obol and Ethereum ecosystems.
The positive flywheel will accelerate a thriving ecosystem of teams collaborating together to strengthen the Ethereum consensus layer.
(7/16)
1
0
5
This RAF model is built on precedence from early proposed EIPs to fund R&D and L2 funds like
@Optimism
RetroPGF and
@arbitrum
Foundation's Grant Program.
RAF models have built thriving ecosystems united by a common cause. It is time to do the same for consensus! 💪
(8/16)
1
0
7
The first contributor toward the 1forDS fund is
@Lidofinance
via the Simple DVT module, which recently went live on Mainnet!
Lido is using Obol DVs to onboard community operators and vastly diversify and expand their node operator set.
(9/16)
🗓️ Today is a historic day for the decentralisation of stake on
#Ethereum
!
🎊 Obol DV Clusters are ready to be activated in the
@LidoFinance
Simple DVT Module on Ethereum Mainnet, pending ETH deposits!
How did we
#RunDVT
on Lido?
🛣️ Our 2.5 year journey: 🧵👇
26
67
177
1
3
10
@ether_fi
, recently having committed to deploying $100m worth of stake on Obol DVs, will also be a major contributor to the 1forDS retroactive fund!
(10/16)
⛰️ We have achieved another milestone in our journey to decentralise liquid restaking protocols!
💻
@ether_fi
has committed to deploying $100M worth of stake (1,000 validators) on Obol DVs!
Don't know what DVs can do for
#restaking
? Come learn more! 🧵
7
33
120
1
0
10
The stewardship, voting, and distribution of the 1forDS funds will leverage the
@easyrpgf
tool built by
@owocki
and the
@gitcoin
team!
(11/16)
1
0
5
🫂 In the future, Obol plans to support all types of projects that add to the decentralisation of Ethereum's consensus. This includes technology partners, researchers, community educators, ambassadors, contributors, staking protocols, node operators and more! 🧑🤝🧑
(12/16)
1
0
6
🛣️ Our eventual goal is to provide all individuals and projects support for their contribution to strengthening Ethereum's consensus, no matter the type or size of their contribution.
(13/16)
1
0
5
This is just the beginning.
Over time, Obol aims to become a more community-governed, and self-sustaining project. Together, we will support projects looking to develop an ecosystem around DVs and make
#Ethereum
a more secure foundation for decades to come! 🌎
(14/16)
1
0
5
To learn more about the program, join our Discord or read our blog for more details:
More information on how to get involved will come soon! 👀
(15/16)
1
0
7
See the breaking news by
@Blockworks_
!
"Obol to Fund Sustainable Ethereum Development"
(16/16)
1
0
8
A very big thank you to
@yeluacaM
@Blockworks_
for covering this special announcement for the Ethereum community! 🙏
Furthering Ethereum’s decentralized funding, from Gitcoin to Optimism to the Protocol Guild, and now Obol
4
12
69
0
0
5
@ObolNetwork
That's a great analogy! The Ethereum consensus layer is indeed the foundation upon which all the innovation and applications built on Ethereum rely. Just like a healthy planet is essential for all life, a strong and decentralized consensus layer is crucial for the security and…
1
0
1