From 9f76c9f8fecec020c48d2092f5dc7f853dac61a9 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?=E2=80=9CMax?= <“max@obol.tech”> Date: Wed, 8 Jan 2025 15:51:46 +0100 Subject: [PATCH 1/6] removing specific mentions of staking and restaking for the Obol token, as requested by Toma --- docs/gov/governance/obol-token.md | 10 ++-------- 1 file changed, 2 insertions(+), 8 deletions(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index a59960fdd4..c5983716ce 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -13,12 +13,6 @@ The OBOL Token is central to the governance and operation of the Obol Collective 2. **Obol Retroactive Funding (RAF):** Token holders delegate their voting power to Delegates, who vote on the projects eligible for retroactive funding. Read more about the Obol RAF [here](./raf.md). -3. **Staking**: Plans are in place to build staking for the OBOL Token using the Tally Protocol, similar to UNI Token staking for the Unichain and ARB Token staking. Activation of staking for the OBOL Token is subject to governance approval. - 1. Staking OBOL Tokens through Tally’s staking module wraps them into a yield-bearing token, stOBOL, preserving governance rights while enabling use in DeFi. In this case, the yield comes from two sources: **token inflation** (new OBOL tokens issued by the protocol while maintaining the 500M cap) and **protocol revenue**. This incentivises using the staking mechanism while ensuring that governance power is retained. Read more on the Tally Protocol [here](https://tally.mirror.xyz/Drw-uvqhUnJLRxg32sV-sqKZ785-AO85FBaCYeXqxhA). - 2. Delegates who actively participate in governance can receive a **portion of the staking yield** as payment for their service. This creates a system where both individual stakers and governance delegates are rewarded, aligning incentives for robust participation. +3. **DeFi:** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols. -4. **Restaking**: Plans are in place to list the OBOL Token on restaking platform such as Eigenlayer and Symbiotic to allow AVSs and the Obol Collective to leverage the security provided by restaked OBOL Tokens. - 1. Restaking takes the stOBOL Tokens from Tally’s staking module described above and uses them in additional protocols, such as Symbiotic or EigenLayer. The yield here is protocol-specific, often derived from fees, rewards, or staking incentives within those secondary protocols. However, restaking introduces added risk, such as slashing, if the protocol’s conditions aren’t met, whereas staking does not have these risks. - 2. Activation of restaking for the stOBOL Token is subject to governance (both on the Obol Collective side but also the restaking platform, if relevant) - -5. **DeFi:** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols. \ No newline at end of file +4. **More Utility Coming Soon:** Once governance is up and running, the Obol community can propose and vote to add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file From 3efe68b6e34f3d20a772b746c47728129f3b259e Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?=E2=80=9CMax?= <“max@obol.tech”> Date: Wed, 8 Jan 2025 15:54:30 +0100 Subject: [PATCH 2/6] putting it in present tense --- docs/gov/governance/obol-token.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index c5983716ce..dbc9682ffd 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -15,4 +15,4 @@ The OBOL Token is central to the governance and operation of the Obol Collective 3. **DeFi:** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols. -4. **More Utility Coming Soon:** Once governance is up and running, the Obol community can propose and vote to add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file +4. **More Utility Coming Soon:** Via governance proposals, the Obol community add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file From 09a81a8a0351873029bc455120a4386f6c86858c Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?=E2=80=9CMax?= <“max@obol.tech”> Date: Wed, 8 Jan 2025 17:16:22 +0100 Subject: [PATCH 3/6] adding typo --- docs/gov/governance/obol-token.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index dbc9682ffd..400f71f531 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -15,4 +15,4 @@ The OBOL Token is central to the governance and operation of the Obol Collective 3. **DeFi:** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols. -4. **More Utility Coming Soon:** Via governance proposals, the Obol community add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file +4. **More Utility Coming Soon:** Via governance proposals, the Obol community can add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file From eb219150865417e4bb02c97f33396c8493cc7f66 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?=E2=80=9CMax?= <“max@obol.tech”> Date: Thu, 9 Jan 2025 11:25:19 +0100 Subject: [PATCH 4/6] adding contract and supply info --- docs/gov/governance/obol-token.md | 10 +++++++++- 1 file changed, 9 insertions(+), 1 deletion(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index 400f71f531..b2b4a08af0 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -5,7 +5,15 @@ description: The OBOL Token # The OBOL Token -The OBOL Token is central to the governance and operation of the Obol Collective. It serves multiple purposes that are essential to its functioning. +The OBOL Token is central to the governance and operation of the Obol Collective. It serves multiple purposes that are essential to its functioning. + +### Token Contract + +The official token contract address of the OBOL Token is [0x0B010000b7624eb9B3DfBC279673C76E9D29D5F7](https://etherscan.io/address/0x0B010000b7624eb9B3DfBC279673C76E9D29D5F7). + +### Token Supply + +The total supply is capped at 500 million tokens. The full supply is not immediately circulating - tokens will unlock over the coming months and years, but the total supply will never exceed 500 million tokens. Please see the [airdrop announcement](http://blog.obol.org/airdrop/) for more details. ### Token Utility From 639d2f23fd7938e67cfe64cba12bf35e9e8cfa03 Mon Sep 17 00:00:00 2001 From: Max Sherwood <63233138+slugmann321@users.noreply.github.com> Date: Tue, 14 Jan 2025 22:29:41 +0100 Subject: [PATCH 5/6] Update docs/gov/governance/obol-token.md Co-authored-by: Cryptoma <107747791+thomasheremans@users.noreply.github.com> --- docs/gov/governance/obol-token.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index b2b4a08af0..eca6bb5af5 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -23,4 +23,4 @@ The total supply is capped at 500 million tokens. The full supply is not immedia 3. **DeFi:** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols. -4. **More Utility Coming Soon:** Via governance proposals, the Obol community can add more functionality to the Obol token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file +4. **More Utility Coming Soon:** Via governance proposals, the Obol community can add more functionality to the OBOL Token, for example a staking program, or integration with other staking or restaking applications. \ No newline at end of file From f021836067b65571c18dfbc0d2f6089b94f99514 Mon Sep 17 00:00:00 2001 From: Max Sherwood <63233138+slugmann321@users.noreply.github.com> Date: Tue, 14 Jan 2025 22:30:01 +0100 Subject: [PATCH 6/6] Update docs/gov/governance/obol-token.md Co-authored-by: Cryptoma <107747791+thomasheremans@users.noreply.github.com> --- docs/gov/governance/obol-token.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/gov/governance/obol-token.md b/docs/gov/governance/obol-token.md index eca6bb5af5..fbd31eeb4d 100644 --- a/docs/gov/governance/obol-token.md +++ b/docs/gov/governance/obol-token.md @@ -13,7 +13,7 @@ The official token contract address of the OBOL Token is [0x0B010000b7624eb9B3Df ### Token Supply -The total supply is capped at 500 million tokens. The full supply is not immediately circulating - tokens will unlock over the coming months and years, but the total supply will never exceed 500 million tokens. Please see the [airdrop announcement](http://blog.obol.org/airdrop/) for more details. +The total supply is capped at 500 million tokens. The full supply is not immediately circulating and tokens will unlock over the coming months and years. Please see the [airdrop announcement](http://blog.obol.org/airdrop/) for more details. ### Token Utility