Aave DAO, in partnership with Stader Labs, is proud to announce the successful production of its first Frontier block. This represents a significant milestone in the deployment of the innovative 'Staking as a Service' product, "Frontier," started this month by the Aave DAO.
https://x.com/lemiscate/status/1762085226803519516?s=20
The Aave Chan Initative (ACI) is operating "Frontier" and running validator nodes on behalf of the DAO. This strategy aims to enhance the DAO's passive income and promote a diversified staking strategy.
Aave DAO is currently operating 32 Stader minipools of 4 ETH each. The ACI partnered with Stader on behalf of the Aave DAO to acquire the necessary SD tokens to run the DAO’s minipools.
The successful collaboration with Stader Labs has been instrumental in this new program for Aave DAO. By leveraging Stader's liquid staking platform, Aave DAO has been able to push the boundaries of what's possible for DAOs, creating a more resilient and diverse staking strategy.
Producing the first Frontier block is just the beginning. Aave DAO currently earns approximately 100 ETH per week in revenue, a portion of which will be allocated to running nodes to directly secure Ethereum Mainnet. This revenue allocation demonstrates the commitment of Aave DAO to actively participating in Ethereum's network security and sets an example for other DAOs to follow.
As Aave DAO continues to lead the way in decentralized finance, the successful launch of "Frontier" and the production of the first block represent the spirit of pioneering and innovation that Aave DAO brings to the ecosystem. The DAO looks forward to continuing to push boundaries and set new standards in the world of decentralized finance.
About Aave Chan Initiative (ACI)
Established in the dawn of 2023, the ACI stands as one of the driving force behind the Aave protocol. ACI amplifies your voice within the Aave DAO community and leads by example, catalyzing progress with a steadfast focus on results.
As the primary delegate of the Aave DAO, ACI is committed to action, not just words. ACI actively vote on proposals and, as service providers, wield the code to turn these ideas into tangible solutions, advancing the Aave ecosystem. As a service provider ACI runs the Skywards and Dolce Vita programs, focused on making governance contribution to Aave DAO simple and easy. ACI also is active managers of the Orbit delegate grants program, Aave’s Frontier staking program and member of Aave’s Protocol Embassy (APE) promoting Aave’s interest throughout DeFi.
About Stader
Stader Labs is a multichain liquid staking platform with $350M+ in TVL. Since the inception of ETHx, their LST on Ethereum, Stader has strived to foster decentralization and ease access to staking for smaller operators. Their most notable being able to run permissionless Ethereum validators with only 4.4 ETH.
Frontier snapshot: https://snapshot.org/#/aave.eth/proposal/0x6fc11878e04e6bd26def1077115f67294c7a4cb0b91d4c4eacfa4e036791cfef
Governance forum discussion: https://governance.aave.com/t/arfc-introducing-frontier-staking-as-a-service-for-the-aave-dao/16225
ACI media/brand kit: https://aavechan.notion.site/ACI-Brand-kit-cb454a9ed08f4fd18e23129e866748fd
Contact Information:
ACI: [email protected]
Marc Zeller - Founder, ACI.
Telegram: @Lemiscate