0xd6caad17…190esent to0x0831172b…d7e7·#19,810,019·view on Etherscan
{"projectName":"Validao","guardianProposal":"CultDaoGod","guardianDiscord":"@CultDaoGod","guardianAddress":"0xd6caAd177f1FD241Dd13917d53FF6f15f3BF190E","shortDescription":"Validators are currently centralized, leading to numerous security issues. Vitalik recently expressed concerns about this centralization.\nValidao was established to enhance the decentralization of validators. Presently, Validao operates as a validator for mainnet networks such as Celestia, XAI, Dymension, Eigenlayer, and Seda. As of May 4, 2024, the total value of AUD (Assets Under Delegation) amounts to 44M. The team has hinted at deployments on projects like Elixir, Babylon, Initia, Berachain, and more...\n\nValidao is dedicated to increasing decentralization in hardware, services, and geographical distribution. This heightened decentralization significantly benefits the underlying network, rendering ValiDAO highly valuable to foundations. For instance, Celestia recently designated ValiDAO as one of the top recipients of the Foundation Delegation Program ($30M $TIA).\nAs a comparison, the top validators on Celestia alone generate $5-10M in revenue per year. Additionally, Figment (staking infrastructure) attained a $1.4B valuation in 2021, underscoring the immense value of the validating/staking industry.\n\nThe governance token is $VDO. Discussions are underway regarding the specific use cases of $VDO. Essentially, Validao operates as a DAO for Validators, where $VDO holders possess rights to own Validao, stake, etc. All revenue from validators will be used to buy back $VDO.\n\nImagine the growth flywheel: as AUD increases and revenue grows, buybacks of $VDO will elevate Validao's capitalization. Consequently, Validao gains prestige, attracting more individuals to stake their tokens with Validao.","proposalUpdatesOverTime":"CultDaoGod","proposalAllocation":"single","manifestoOutlinedFit":"supports decentralized validators","socialChannel":"@validaoxyz https://validao.xyz/","links":"https://validao.xyz/#readme","projectProposalStage":"live","returnModel":"“Take initials wen it 2x” ride the rest to the moon","proposedTimeline":"No","fundsStoredHeldUtilised":"utilised","wallet":"0xb2525a2D6488EA0037bB2f439959AeB3BfaF8651"}