Obol Network Launches 1% Decentralized Tracking Fund (1forDS)
Obol Network has launched a 1% decentralized traceability fund (1forDS), which is a new fundraising model aimed at supporting projects focused on decentralized Ethereum consensus layer. This model puts 1% of Obol's distributed validator cluster's betting rewards into the traceability fund pool. As the network expands, it will bring more funding to the project.
Lido Finance is the first contributor to join the program through its SimpleDVT module. EtherFi has also committed to participating through its validator. Obol's distributed validator enhances Ethereum's fault tolerance by distributing validator keys to multiple nodes, ensuring that even if one node fails, the validator can continue to verify.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Unwavering Bitcoin Holders Stay Put: What this Means for BTC’s Future
Exploring the Impact: The Standoff Between Long-Term Bitcoin Holders and Short-Term Sellers

Bitcoin Gains as Ethereum ETFs Lose $760M: What’s Causing the Investor Alarm?
Exploring the Shift in Investor Sentiment and Strategies Amid Surging Bitcoin Popularity and Ethereum ETFs Divestment

Tether Eyes Big Four Audit as Trump Urges Stablecoin Regulations, Reuters Reports
Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules
Trending news
MoreCrypto prices
More








