#Gate.io 币种上新# is optimistic about OBOL

Obol Network is the core protocol of Ethereum's Distributed Validator Technology (DVT), aimed at eliminating single points of failure risks through a decentralized network of nodes, enhancing the security and censorship resistance of Ethereum's POS consensus. Its core product, Charon, allows users to split a single validator key into multiple parts, which are jointly managed by several nodes, reducing the risks of large-scale downtime or malicious activities.
🌟 Core Highlights
1. Technical Scarcity: The DVT solution officially recommended by Ethereum has been integrated into leading staking protocols such as Lido and StakeWise; currently protecting $800 million in staked assets, with a goal of covering 30% of Ethereum validator nodes.
2. Capital endorsement: Led by Coinbase Ventures, with a total financing of 23 million and a valuation of 125 million; ecosystem partners include staking giants such as Lido, Figment, and Chorus One.
3. Token Utility: Node operators need to stake OBL to participate in network governance; a portion of the protocol revenue (such as validator service fees) is used for buyback and burn.
⚠️ Risk Warning
1. LSD Track Involution:
The total TVL of the LSD track has dropped by 40% year-on-year, with competition heating up (Lido's market share is 70%); OBL needs to prove that its technology can be converted into commercial revenue, rather than just relying on staking subsidies.
2. High circulation + selling pressure risk: Initial circulation of 19% (95 million pieces), plus an airdrop of 10 million pieces, significant short-term selling pressure; public offering cost 0.25, if the opening price is above 0.5, early investors have a strong motivation to cash out.
3. The valuation curse of Bn contracts: Recently, Bn contract projects generally opened high and fell low: SIGN launched at 160 million → halved to 90 million.
INIT went live 150 million → dropped to 90 million END