Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now
HomeEthereumEthereum NewsKicking off the #TeamStaking program with Dappnode | BinanX News
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

Kicking off the #TeamStaking program with Dappnode | BinanX News

It’s time for us to do our part. We are starting an internal #Team Bet program in partnership with our long-time friends at Dappnode. Our goal is for all Aragon contributors to bet from home by making running a node accessible and fun!

We will use DVT and partner with Obol and Diva to provide our team members with the support and education they need to succeed.

We hope web3 organizations will follow our lead and join us in decentralizing Ethereum, the infrastructure we rely on to build our protocol and products.

Why Aragón is #TeamStake

Help secure the future of DAOs. DAOs depend on the decentralization of the underlying network on which they are based. Without an unstoppable network, DAOs themselves cannot be unstoppable. Decentralization ensures that the network is resistant to censorship and capture. If there is a chink in the armor, it will eventually be exploited.

Decentralize the infrastructure of Aragon. Having our entire team running their own nodes creates the ability to run certain parts of our own infrastructure, either running a backend or using a long-latency service to decouple voting actions from their timestamps, ensuring voter privacy.

Learn and have fun. The best way to learn how the Ethereum infrastructure works is by participating in it. Team betting is also a great opportunity for team building. Running a cluster is a way we can work together to achieve a common goal!

“Staking is not just about maximizing revenue. Revenue is part of the reward for providing value to the network. Ethereum has put a lot of effort into designing a system that, unlike other blockchains, can be extremely resistant to interference, but it is up to us to take advantage of these possibilities and make Ethereum an uncensorable and unstoppable network.”

Pol LanskyDappnode COO

How #TeamStake works and how your organization can replicate it

We hope web3 organizations will follow our example and join us in making Ethereum more resilient. This is how the program works:

  1. Lower the cost of Dappnodes for our taxpayers by purchasing in bulk and subsidizing a portion of the costs. If necessary, taxpayers can reimburse the cost over time.
  2. Provide educational workshops and personalized support for bettors with providers such as Obol and Diva.
  3. Use DVT technology for #TeamStake, to make it accessible to everyone. It also protects its contributors against individual node failures or malicious actions. With Obol, you can create groups and decrease the link required. Or you can remove the link completely and run validators through Pool either Ether.fi scale and diversify your carrier sets. Soon, Diva will be launched on the mainnet and this autobond will decrease to 1 ETH.

“Home staking is at the heart of Ethereum decentralization and is something we are focused on enabling with DVT. “We are very excited to support this initiative with Aragón and hope that this is the first of many participating in Team Stake.”

Brett LeeObol Growth Director

#TeamStake powered by Dappnode, Diva and Obol

dapp node makes it easy and accessible for anyone to run a node from home. Encouraging our teams to bet from home not only adds more nodes, it increases the overall distribution of the network. The more individual nodes we run around the world, the more resilient the blockchain will be.

Distributed validation technology (DVT) is what makes team betting possible. This makes running a validator more accessible and less risky, because responsibilities are divided among a group of computers instead of just one. In our case, we will form groups of Aragon team members to join forces and run a validator together. When using tools like Obol and Diva, you don’t need to have 32 ETH to run a validator; you can combine your ETH with others.

MiteCharon is a DVT middleware that allows you to run one or more Ethereum validators through a group of nodes. Using splitter smart contracts, node operators can split the initial requirement of 32ETH and also the staking rewards earned. Protocols like Pool and Ether.fi are integrating Obol DVT to scale and diversify their set of operators.

Diva is a liquid staking protocol that uses distributed validation technology. It is resilient and minimizes trust, because keys are split between computers rather than being held by a single person. For now we will test the Diva protocol on the testnet and prepare our teams to participate in the mainnet launch.

In addition to running our own validators, we will also choose minority Consensus and Execution clients. Customer Diversity It is important because running execution and consensus clients that do not have a majority stake can help mitigate serious risks to the network, such as the consensus layer failing to terminate or forking and terminating incorrectly.

“We are delighted to have been chosen to be part of Aragon’s #TeamStake initiative and have the opportunity to support them on something that we truly believe is at the core of Ethereum itself and fully aligns with Diva Stake’s core values. We encourage more teams to follow suit and join the movement to make every DAO, every team, and every community increasingly decentralized.

– Raúl Calvo, general director of Diva

Gather your own team and start betting

We hope you will join us to help decentralize and secure Ethereum. Contact Dappnode To start team betting in your organization!



RELATED ARTICLES
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment - Image Description

Most Popular