Participate in Obol activities to earn potential rewards.
Obol Network
Progress mission: 0 of 1
Rewards
Rewards
TBA
Past rewards
$500 $24,500
Details
Minimal cost
Free
Time required
8 min.
Category
Testnet
Rating
7/10
Risk
Low
Obol Network is developing a product to decentralize further the current ETH PoS, and offer stakers the opportunity to run a validator node in group.
They have received funds from Tier 1 funds, and the team is focused on decentralization and wants to implement community governance. Fees collected in V1 will be dedicated to ecosystem participant.
However, this opportunity is very tech-oriented and developers might be more interested in these kind of opportunity rather than regular crypto users. Moreover, no token has been mentioned in their documentation.
Pros & Cons
Why is it worth it?
Open Source & Decentralized
The product is open for anyone to see and improve, focusing on community control.
Fee Redistribution
They plan to use collected fees for public funding, hinting at potential rewards.
Strong Funding
With over $18 million raised from top investors, it supports the likelihood of airdrops.
Incentive Layer
Their future plans include rewards for participation, enhancing user involvement.
Risks to consider
Complex Opportunity
This opportunity is more developer-oriented, as it require some coding.
No token mentioned
Obol Network team didn’t mention a token in their docs.
How to participate?
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Running a Node on Both Networks: To be competitive, operate a node on both the testnet and mainnet. Aim to keep this node running without interruptions for three consecutive weeks. Ensure it's always online and performing its validation tasks correctly.
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Completing Galxe Quests: Engage in the current Galxe Quests. These include various tasks, one of which is becoming an ambassador for Obol Network. Actively participating in these quests can boost your chances of earning rewards.
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Active Social Media Engagement: Be active on Discord and other social platforms. Engage in discussions about Obol Network and node operation, assist newcomers with their queries, and create and share content related to Obol. This involvement is crucial for visibility and community engagement.
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Collaborating with Friends: It's beneficial to participate in this opportunity with friends. Obol Network encourages forming groups to run a node together. Having friends in different locations is advantageous as it helps to maintain the node's operation round the clock.