Obol Network has launched the 1% Decentralized Traceability Fund (1forDS), a new fundraising model designed to support projects focused on decentralizing the Ethereum consensus layer. The model puts the 1% stake reward from the Obol Distributed Validator Cluster into the Traceability Fund pool. It will bring more funding to projects as the network expands.
Lido Finance is the first contributor to join the initiative through its SimpleDVT module. EtherFi has also committed to participate through its validator. The Obol distributed validator enhances Ethereum's fault tolerance by distributing the validator's keys to multiple nodes, ensuring that the validator can continuously verify even if one node fails.
Obol Network Launches 1% Decentralized Traceability Fund (1forDS)
2024-05-22 01:14:32
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