StaFi collaborates with Obol Network to participate in it’s Alpha Mainnet
We are excited to announce its technical collaboration with Obol Network, stepping into the role of a Mainnet Alpha Distributed Validator (DV). This partnership is a testament to our commitment to pushing the boundaries of staking technology.
Obol Network’s Alpha phase, initiated in April, marked the deployment of the first set of Mainnet DVs, designed to decentralize and enhance the security of the Ethereum staking process. StaFi, leveraging its expertise in staking solutions, has been instrumental in this phase, ensuring optimal validator performance and network stability.
Our collaboration is rooted in the shared objective of advancing Distributed Validator Technology (DVT) within the Ethereum ecosystem. By decentralizing validation processes, DVT aims to reduce single points of failure, enhance network resilience, and ensure a more equitable distribution of staking rewards.
As part of this collaboration, StaFi has been actively involved in performance testing, protocol optimizations, and ensuring the robustness of the DV infrastructure on the Obol Network.
For a comprehensive technical overview of our collaboration, read the detailed article here.
About Obol Network
Obol Labs is a research and software development team focused on proof-of-stake infrastructure for public blockchain networks. Specific topics of focus are Internet Bonds, Distributed Validator Technology and Multi-Operator Validation. The team currently includes 20 members that are spread across the world.
The core team is building the Obol Network, a protocol to foster trust minimized staking through multi-operator validation. This will enable low-trust access to Ethereum staking yield, which can be used as a core building block in a variety of Web3 products.
StaFi protocol is the first liquid staking protocol for multiple POS blockchains. StaFi aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus.
Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
To date, the platform has released up to 10 various liquid staking solutions including rETH (StaFi Staked ETH), rMATIC, rBNB, rATOM, among others.