Many fear that ETFs and institutions will strip crypto's decentralization away
But tech advancements are actually making it more decentralized
@Obol_Collective's Distributed Validators (DVs) does just that ↓
DVs enables multiple independent node operators to co-manage a single Ethereum validator
This makes it possible for
▪ Smaller players to help secure the network
▪ Reduce slashing risks
▪ Make coordination easier
▪ $ETH to be more resilient
At the peak, they staked more than $1B in $ETH through 800+ nodes and 14k+ validators
It's incredible how little the timeline talks about a $1B+ TVL protocol like this
Especially considering how Ethereum is starving for innovations and mindshare
Obol is fully doxxed and US-based too, giving it a nice push on compliance
▶️ All said and done, Obol is now the DVT leader of the market
But that doesn't mean the team's sleeping on their success:
A big update is coming on the 15th of May and they'll probably expand with more products
Willing to bet that will help institutional onboarding by quite a bit
Plus, the TGE is on the 7th
Some big exchanges like @Bybit_Official and @binance are already confirmed, of course
You can laugh at $ETH's price performance memes, but you can't deny its role as the main currency of DeFi
The $OBOL TGE is one that I will keep a close eye on
This might be an instant top100 token, especially with the $ETH ETF and staking narrative heating up
