Staking, Decentralization & Development
SybilDAO prevents bots from claiming your NFT mint or airdrop
🚀 Staking Goes Live
The SYB staking program allows users to earn rewards in ETH by locking and staking SYB tokens for 3 months. The staking dashboard on the application displays the amount of SYB available and staked, as well as the contract balance in ETH available to stakers. Users can choose to stake, unstake, or claim their rewards and restake for another 3 month period. The current deployment is on the Goerli testnet and all funds used are for testing purposes only. The team is considering paying out ETH at the start of the staking period instead of the end on mainnet launch and is seeking feedback on this design decision.
Full announcement: https://medium.com/@sybildao/syb-staking-launch-8e9cb4f80d30
✊ The Power of Decentralization
“SybilDAO is a unique and innovative decentralized organization that utilizes the benefits of decentralization to provide a transparent and democratic platform for governance and decision-making. By utilizing the Ethereum blockchain and smart contracts, SybilDAO is able to offer increased security, resistance to censorship, transparency, participation,”
Full article: https://medium.com/@sybildao/the-power-of-decentralization-increasing-participation-and-inclusion-c10cde111ac2
🛠️ What Is In Development For 2023
Our testnet launch has been a great success and now it’s time to get back to work in preparation for the mainnet launch. Here are the main things we need to have in place prior to launch:-
Zero Knowledge Circuits & Tests - The system currently uses merkle trees and we believe there will be greater efficiencies using zk circuits for authentication between the frontend and the contracts.
Machine Learning Bot Detection - We now have the data to work with to train machine learning algorithms which will add another layer of protection in the form of a risk assessment on the frontend.
Launch Partners - We need partners to work with and build on top of SybilDAO’s contracts. This will offer real value to the DeFi community and open up opportunities for cross-promotion.
That’s it for this week. Thank you for being part of the SybilDAO community and following the development of this protocol as we take the fight to the bots.
SybilDAO is a DeFi protocol aimed at preventing sybil attacks. To stay up-to-date with the latest developments subscribe below
SybilDAO
https://sybildao.com
Connect with us
https://twitter.com/SybDAO / https://discord.gg/fqRBs7p5fr