EtherFi partners with Obol Labs to deploy $100 million worth of stake on its distributed validator
PANews reported on April 23 that distributed validator technology provider Obol Labs issued a document announcing that its partner EtherFi plans to deploy $100 million worth of equity (1,000 validators) on Obol distributed validators (DVs). The validators will be operated by a multi-organizational cluster of seven professional validation organizations including Pier Two, DSRV, Nethermind, Chainnodes, A41, Cosmostation and Validation Cloud. These node operators have extensive experience running Obol DVs.
Liquidity Heavy Staking Protocol (LRP) EtherFi aims to maintain a secure, resilient and decentralized staking environment. Additionally, by employing distributed validators, EtherFi and Obol Labs work together to ensure the highest quality of heavily collateralized capital available for Activation Verification Services (AVSs).
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
Worst-Performing Altcoins This Week as BTC Battles to Hold $80K: Weekend Watch
Goldman Sachs dramatically lowers KOSPI target from 12,000 to 9,000 points, still insists there is 60% upside potential
Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.
AI investment has not ended; wealth is simply being redistributed.
Crypto prices
More
