Magma Partners with Obol to Bring Distributed Validators to Monad
And it is a BIG deal!
Magma Partners with Obol to Bring Distributed Validators to Monad
The moment is here, DragoNads! We’re thrilled to unveil our partnership with the Obol Collective —a game-changing collaboration that sets the stage for deploying Distributed Validators (DVs) on the Monad blockchain. This step not only makes Monad the third Layer 1 blockchain to implement DVs after Ethereum and Gnosis, but also ignites our mission to revolutionize staking with next-level decentralization.
Why DVs Matters for Magma
When we envisioned Magma, securing a bulletproof staking experience was the foundation of our roadmap. We didn’t just aim for more staking rewards—we aimed to create staking that stands unshaken, no matter what.
That’s why DVs have always been part of our destiny: multiple operators running a single validator together for unmatched reliability. Obol’s expertise complements our goal of minimizing slashing risks while empowering our community to stake with confidence.
A Partnership That Embodies Web3 Innovation
This collaboration is more than a handshake—it’s a huge step toward our shared goal of decentralized resilience and accessibility for everyone. Here’s what’s in store:
Operator Squad Power: Squad Staking lets multiple operators run a single validator together, enhancing both security and inclusivity.
Boosted Network Reliability: Obol’s innovative DV middleware ensures validators are robust and capable of withstanding node failure as Obol makes all their validators fault tolerant and slashing resistant.
A Broader Staking Ecosystem: Monad’s decentralized ecosystem will be enriched by new operators from the Obol community, expanding participation like never before.
“Integrating Obol’s DV staking stack with Monad’s cutting-edge protocol is the perfect match. Together, we’re building a validator experience that’s scalable, resilient, and aligned with the heartbeat of the Web3 ethos,” says David Mass, Co-Founder & CEO of Magma.
Strengthening the Decentralized Operator Ecosystem
This collaboration represents a significant milestone for the Obol Collective as it expands into securing Monad, providing new opportunities for their operators to earn staking rewards. It also showcases the versatility of the Obol Product Suiteacross multiple Layer 1 networks.
“This partnership with Magma is further validation of Obol’s impact as an ecosystem that empowers operators and enhances the decentralization of networks like Monad,” says Collin Myers, Co-Founder & CEO of DV Labs. “The foresight shown by Magma to prioritize Distributed Validators from the outset demonstrates their commitment to building a resilient protocol that stands the test of time.”
The Road Ahead
Magma and Obol will collaborate on researching, developing, testing, and ultimately deploying DVs on Monad. Along the way, there will be opportunities for the DragoNads of Magma and operators in the Obol ecosystem to join this epic journey.
Stay tuned for updates as we move forward in shaping the next chapter of Web3 architecture.
Please welcome the Obol Collective with a resounding ROARRR that echoes through the ages, DragoNads!
Make sure you stay in touch with us on X (Twitter) or hang out with us on Discord to follow our meme-fueled eruption into a promising, more vibrant and inclusive DeFi landscape.