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.