The last couple of weeks have been solid for us here at carbonZERO. We launched successfully on the Teritori blockchain, where we are crushing it and those who Restake with us are earning an insane APY at the moment. You can delegate to our Teritori node on our Restake app.
We also got a testnet node launched on Empowerchain's Testnet! We are excited about this eco-friendly project and really happy to be a part of their beginnings as a genesis validator!
Actively Searching For Opportunites
We are looking for new ways to earn so that we can beef out donation amounts back up. Teritori was a great mainnet addition, but we are also looking at other solid chains to try and partner with and get sponsored by the team to help with promotions, and other needs they may need our help with, as well as looking for more chains to be able to get involved with that the community will support us on!
If you have any suggestions for blockchains we should join, or if you are a project that wants to partner up with an eco-friendly validator looking to make waves in the Cosmos ecosystem, feel free to join our Discord or contact us on Twitter.
DAO Numbers
Since the first of October, our EVMOS delegation, which is the bulk of our DAO rewards, has been running thin. The market price of EVMOS and the other tokens have not been friendly to the trees either. So far we have just over $87 ready for donations. The funds are swapped to USDC and will be moved to the DAO treasury for voting later in the month.
Market Conditions and Rising Cost of Servers
The APR and market values haven't been doing anyone any favors, but the biggest kicker has been the ever-rising cost of servers. With the energy crisis that we are facing on a global scale, many data centers have been raising the prices of their servers. So with rising costs and lowering the value of the tokens in the ecosystem, this is putting a strain on our DAO donation. Even our team has had to take a cut in pay to keep things afloat.
Delegation Centralization Education
One of the big part of the market conditions piece is the centralization of delegations. We have lost a large part of what we had delegated to us due to people chasing slightly higher returns, higher up the list. This creates a concentration of voting power at the top and harms the security of the chain. This brings us the motivation to try and help educate the community about these issues as another voice screaming about decentralization from the roof tops.
We did get a return of a large whale delegation to our EVMOS node, which has helped a bit, but with the price of the asset being cut almost in half over a couple of weeks, the balance is still on a downslide.
100% Uptime
Even in these conditions, we are staying strong! Across the board, our nodes have experienced 100% uptime over the last 100 blocks according to our stats on both Mintscan and our Restake application!
We are working hard to provide solid value across all of our chains. We are working on providing the best infrastructure because as we have seen on a couple of chains recently, running cheap servers isn't the best way to get support. So make sure you are delegating to nodes that keep a solid and consistent uptime on their nodes, not just the ones at the top of the list. They may just be popular for one reason or another, but they may not be really doing their part to properly secure the chains!
We Are carbonZERO
carbonZERO is a full service, eco-conscious validator node operator, providing infrastructure for several blockchain in the Cosmos ecosystem. We run top of the line bare metal servers with data centers that work to be carbon neutral. Our node architecture consists of frontline sentry nodes for ultimate security running TMKMS for double sign protection. We also run 24 hour monitoring on all nodes to help secure against any significant down time.
We are a small but highly passionate team, not only around blockchain validation, security, and decentralization, but also around protecting and preserving our environment for generations to come. This is why we have started our eco-friendly DAO where we donate up to 20% of our commissions to ecological projects around the world, primarily focused on planting trees to offset carbon emissions. Our DAO members help direct our donations through governance voting and proposals.
Stake your $EVMOS, $JUNO, $CMDX, $MNTL, $ROWAN, $HUAHUA, $STRD, $TORI, $MPWR, and $NOM with carbonZERO using our Restake app and if Authz is available, you will be able to auto-compound your tokens!
Follow us on Twitter!
Follow us on LeoFinance on Hive!
You can track our tree planting progress on our Ecologi page!
Posted from my blog with Exxp : https://news.carbonzero.zone/2022/10/11/weekly-validator-and-dao-report-9-26-10-9/