We should launch a vampire attack.

General Discussions
1

Our current operations are really terrible. SSV was pledged at 4 million last May, and now it’s 7.5 million. OBOL was pledged at 690,000 last year, and now it’s 530,000.

Currently, SSV’s monthly net profit is $200,000, while ours is only $30,000. If our pledged amount reaches $7 million, the operators will have a steady stream of income. If our pledged amount remains at only $530,000, we will go bankrupt because we cannot pay salaries.

Why did this happen? I think the most important reason is the massive token airdrop on Binance Alpaca. These token holders were mostly short-term users who sold almost all of them. At the time, this was worth $10 million. They hadn’t contributed anything to the community, nor were they long-term holders, yet they reaped the biggest profits.which led to our liquidity crunch.

Now, let’s get to the main point: our operations.

I believe we have two most important goals right now, which are also areas everyone has been focusing on:

  1. Gain more institutional attention to increase staking volume.

  2. Increase the token price and restore investor confidence.

How to do it:

  1. We need to attract users from other operators, which they’ve been doing for a while. We should offer tiered fee reductions to all users.

For example: a 1% fee reduction for staking 10,000 ETH, a 10% fee reduction for staking 100,000 ETH, and a 50% fee reduction for staking 500,000 ETH.

  1. Reward all ETH stakers with OBOL, ideally when the OBOL price is sufficient, to reduce OBOL dilution.

  2. Reward OBOL stakers with ETH transaction fees. Currently, the fees aren’t very high, but this approach is enough to attract more OBOL holders, allowing the token price to gradually rise and giving users confidence.

  3. Offer ETH staking fee reductions to OBOL stakers, still in a tiered manner, similar to Option 1.

Or perhaps some of these ideas are flawed. In short, only by finding ways to get more institutions to stake ETH will the price of OBOL continue to rise. Only by raising the price of OBOL will there be more ETH stakers. This is a cyclical upward process.