SafeStake

Another month has passed, and if you’ve been following our social channels, you already know that exciting things are happening at SafeStake! As always, we’ve put together a highlight reel to bring everything together in one place for you.But first, a big THANK YOU for the support we continue to receive on all of the official SafeStake social channels, and for being a part of SafeStake’s journey in the blockchain industry. We appreciate you!Now, let’s dive in and explore!<h2 id="header-0">Galileo Incentivized Testnet Update</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c0733ddff6d94c399886c5f9ddc9cbdc.png" />Our developers recently updated the Galileo Incentivized Testnet smart contract to fix bugs in the previous version, make it more robust, and increase functionality. This upgrade also changes the tokenomics from $STATE to $DVT as the payment device from validators to operators.We have enabled a testnet-DVT faucet on our Discord server, so you can claim up to 5 testnet-DVT tokens per day and participate in testing the new contract. The future of ETH staking is here!Join the SafeStake Galileo Incentivized Testnet today, where we are testing testnet-v1.0, the first mainnet candidate we have released. Gain access to an incredible <a href="https://parastate-safestake-community.notion.site/Galileo-Testnet-Stage-1-DVT-and-XP-Rewards-Program-93bf60ba292d4b4b8be99cca2d204375" rel="noopener noreferrer nofollow">rewards program</a> and automatically be entered to win ETH prizes! Keep the excitement going by tracking your progress on the <a href="https://parastate-safestake-community.notion.site/SafeStake-Galileo-Stage-1-Testnet-Rewards-d9fa15ea1a1a4ea5be62b3c80f02f0e5" rel="noopener noreferrer nofollow">leaderboards</a> and see how you’re doing compared to other testers. Don’t miss the opportunity to be a part of our dynamic and rewarding community!To Participate in the SafeStake Galileo Incentivized Testnet:Run a Validator: Please watch<a href="https://www.youtube.com/watch?v&#61;5AUABAiNmkg" rel="noopener noreferrer nofollow"> this helpful video</a> first, then follow the guided validator installation at <a href="https://testnet.safestake.xyz/" rel="noopener noreferrer nofollow">https://testnet.safestake.xyz/</a>Run an Operator Node: We are working on a new operator node set up video, but until it’s ready, please follow the Operator Node Installation Guide at <a href="https://github.com/ParaState/SafeStakeOperator" rel="noopener noreferrer nofollow">https://github.com/ParaState/SafeStakeOperator</a>, and be sure to refer to the latest operator notes about the new release at <a href="https://github.com/ParaState/SafeStakeOperator/releases/tag/v1.0-testnet" rel="noopener noreferrer nofollow">https://github.com/ParaState/SafeStakeOperator/releases/tag/v1.0-testnet</a>.<h2 id="header-1">Uniswap V3 Liquidity Mining Program</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/83f3008b07da4e73ac80ca79a9f0028d.png" />The Balancer <a href="https://app.balancer.fi/#/ethereum/pool/0xee4eb7cfbc210b0a6add47dd57308ab6106e6a4e000200000000000000000533" rel="noopener noreferrer nofollow">LBP</a> period ended, resulting in $217,175 in bootstrapped liquidity for $DVT, the newly rebranded official SafeStake network token. Thank you to everyone who participated in adding liquidity and finding the initial reasonable market price for the new DVT token.The remaining 1,627,548 $DVT from the Mkt &amp; Initial liquidity portion (based on the <a href="https://vote.safestake.xyz/#/proposal/0x4193dd84448b4e9ae7f73ba687bea0aaa132ec79cb5b4f6dfeb1b6bce5bc789b" rel="noopener noreferrer nofollow">Liquidity Bootstrapping Governance Proposal</a>) has been re-allocated to kick start a 90-day Uniswap V3 Pool liquidity mining program.Additionally, SafeStake has partnered with <a href="https://docs.arrakis.fi/" rel="noopener noreferrer nofollow">Arrakis</a> to manage the UniV3 vault in an automated, capital efficient, non-custodial, and transparent manner. Arrakis is committed to building sustainable liquidity, and has helped many other high profile projects do just that.How to provide liquidity on Uniswap V3 and earn rewardsReview and follow the official guidelines at the following link:<a href="https://medium.com/ethereum-on-steroids/dvt-uniswap-v3-pool-is-live-9811dfbf1aa2" rel="noopener noreferrer nofollow">https://medium.com/ethereum-on-steroids/dvt-uniswap-v3-pool-is-live-9811dfbf1aa2</a>As a general note, please be careful to select trading pairs in DVT/WETH, and always verify the official <a href="https://etherscan.io/token/0x29FA1fee0F4F0Ab0e36eF7Ab8d7a35439eC6be75" rel="noopener noreferrer nofollow">DVT token contract address</a> before initiating any swaps. Important: Uniswap V3 is a permissionless DEX (decentralized exchange), where anyone can create a Uniswap Pool for trading. BE SURE YOU ARE INTERACTING WITH THE OFFICIAL UNISWAP V3 LIQUIDITY MINING POOL.<h2 id="header-2">AMA Sessions</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/33288ceebc5b4ca2bd9df61a302a73e1.png" />Our team has been working hard researching and reaching out to the most popular crypto and Web3 communities and hangouts to schedule and participate in AMA sessions. Our aim is to increase awareness for SafeStake, and drive more users to participate in testing the tech stack at scale via our Galileo Incentivized Testnet.At the time of this writing, we have the following AMAs scheduled, so mark your calendars!<ul><li>Crypto Miners — 17 May (done)</li></ul><blockquote>Listen on YouTube: <a href="https://www.youtube.com/watch?v&#61;rqRGiOE5K5Q" rel="noopener noreferrer nofollow">Crypto Miners x SafeStake ($DVT) — Twitter Space AMA Recording</a></blockquote><ul><li>MetaMoonShots — 24 May (done)</li></ul><blockquote>Listen on YouTube: <a href="https://www.youtube.com/watch?v&#61;s8swsHaZoIE" rel="noopener noreferrer nofollow">Metamoonshots × Safestake Live Stream AMA</a></blockquote><ul><li>Decentralized Club — June 1 &#64; 4:00 pm UTC (done) — we will post the recording of this to YouTube when it is available.</li><li>GeekChat — 6 June &#64; 4:00 pm UTC — Telegram Voice — link TBA</li><li>CryptoBirds — 14 June &#64; 4:00 pm UTC — Telegram Voice — link TBA</li><li>CryptoRush — 21 June &#64; 4:00 pm UTC -Telegram Voice — link TBA</li></ul><h2 id="header-3">IRL Events </h2>DAO Montenegro (May 21–23) <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/257efb188d2443d4badbcb088d15cafe.png" />Very recently, SafeStake was proud to sponsor the DAO Montenegro Conference. Some of our team members were in the heart of Montenegro’s capital city of Podgorica, participating in discussions about all things DAO-related, sharing insights and experiences, and exchanging ideas and thoughts with DAO practitioners from around the world.The focus of this conference was navigating the organizational challenges that arise in today’s global context, exploring cutting-edge topics like Transhumanism, Public Goods, DeSci, and DAO — the structure many new organizations are iimplementing. The conference also dove into some of the philosophical perspectives of DAO tools, providing valuable insights for attendees.EthCC (July 17–20, Paris) <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4d77bcea67a244f6aca894585aff3fa2.png" />EthCC (Ethereum Community Conference) is THE event to attend for Ethereum enthusiasts, developers, and industry leaders worldwide. It’s become a hotbed of knowledge exchange, networking, and collaboration for cutting-edge crypto, Web3, and blockchain projects.For SafeStake, EthCC is a prime opportunity to showcase our commitment to the Ethereum community. We’re all about securing the Ethereum network via decentralized staking, and EthCC provides the perfect stage for us to share our vision, answer questions, gather feedback, and showcase our cutting-edge DVT platform for Ethereum staking.We’re stoked to participate in EthCC and join discussions on Ethereum 2.0, Layer 2 scaling, DVT staking and other game-changing projects. It’s a chance to learn from experts, gain insights from the community, and contribute to the Ethereum ecosystem.We are excited to say that the SafeStake logo now lives among the top players in the industry and co-sponsors of this most extraordinary event!Staking Rewards Staking Summit (November 10–11, Istanbul)Join SafeStake at the Staking Rewards Staking Summit in November as we proudly support the event as a sponsor. Don’t miss our speaking slot where we’ll dive into DVT and showcase SafeStake’s innovative approach to this new technology.Get your tickets now on the <a href="https://www.stakingrewards.com/summit/" rel="noopener noreferrer nofollow">Staking Rewards Staking Summit website</a> and connect with the entire PoS community, including Validators, Protocols, Institutions, and other blockchain contributors. This is a premier event for learning, collaborating, and networking in the industry.Devcon7 (November 13–19, Istanbul) Devcon7 is still in the making! Stay tuned for more announcements about this exciting event and SafeStake’s involvement…<h2 id="header-4">Content, content, and more content!</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ca4c93a4d0a24d89bc218fc516024360.png" />Join the<a href="https://crew3.xyz/c/safestake/questboard" rel="noopener noreferrer nofollow"> SafeStake Zealy XP program</a> to be part of an exceptional community and earn amazing rewards! With a variety of quests to choose from, like social media, content creation, testnet participation, event attendance, and weekly tasks, you can easily earn XP rewards that translate into valuable $DVT.Explore our <a href="https://zealy.io/c/safestake/questboard" rel="noopener noreferrer nofollow">Zealy Questboard</a> and start an exciting adventure while contributing to our thriving community. Don’t miss out on this chance to earn rewards and be part of something great! That’s all for this edition. Thanks for reading, and stay tuned for more from SafeStake!<h2 id="header-5">About SafeStake</h2>SafeStake is a trust-minimized middle layer that promotes decentralized ETH 2.0 staking. It is the first Distributed Validator Technology (DVT) liquid staking protocol for Ethereum written entirely in Rust. SafeStake utilizes the HotStuff consensus protocol and an advanced BLS Threshold Signature architecture to provide the highest levels of security and reliability, so Ethereum validators can maximize their staking rewards.<a href="https://www.safestake.xyz/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://medium.com/ethereum-on-steroids" rel="noopener noreferrer nofollow">Blog</a> | <a href="https://twitter.com/SafeStakeDVT" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/ParaState" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discord.com/invite/zFS3Mnfpwj" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://github.com/ParaState" rel="noopener noreferrer nofollow">Github</a>

SafeStake Newsletter — May Edition

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SafeStake

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