EtherFi partners with Obol Labs to deploy $100 million worth of stake on its distributed validator

PANews reported on April 23 that distributed validator technology provider Obol Labs issued a document announcing that its partner EtherFi plans to deploy $100 million worth of equity (1,000 validators) on Obol distributed validators (DVs). The validators will be operated by a multi-organizational cluster of seven professional validation organizations including Pier Two, DSRV, Nethermind, Chainnodes, A41, Cosmostation and Validation Cloud. These node operators have extensive experience running Obol DVs.

Liquidity Heavy Staking Protocol (LRP) EtherFi aims to maintain a secure, resilient and decentralized staking environment. Additionally, by employing distributed validators, EtherFi and Obol Labs work together to ensure the highest quality of heavily collateralized capital available for Activation Verification Services (AVSs).