The Weekly Doots live stream is all about showcasing the best of the week from the Ethfinance Community on Reddit.
📰https://reddit.com/r/ethfinance
You can save these events to your calendar via Ethstaker: https://ethstaker.cc/events
Today we visit with James from Octant with some big news to reveal!
https://octant.app/
With the Ethereum switch from Proof-of-Work to Proof-of-Stake (opens new window)consensus mechanism, the Golem Foundation (opens new window), which is developing Octant, has decided to become a validator in the network (opens new window). The Foundation has staked 100,000 ETH to secure the network and assist in reaching consensus. In exchange for staking its Ether and serving as a validator, the Foundation receives a steady stream of rewards directly from the protocol (opens new window). A portion of these staking rewards is transferred to the Octant community every 90 days. Community members then decide, through individual actions and polls, how to allocate these funds. They can choose to either claim a portion of the reward for themselves or donate it to qualifying public goods causes.
Big thanks to Tricky Troll for capturing and curating each days’ doots, and The A Word for Curating this beloved weekly list.
As always, if you know someone who wants a piece of this action, send em our way.
Let’s jump right in.
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