Major milestone for Sentinel
The Sentinel Growth DAO has recently achieved a significant milestone, amassing 1000 Eigenlayer points REstaking Ethereum. Growth DAO stakers will share in this reward.
The Sentinel Growth DAO is Airdrop hunting!
Initial Coin Offerings (ICOs) were the norm in the early days of blockchain, essentially functioning as crowdsourcing funds. Today, the focus has shifted towards venture capital (VC) funding. Unlike the ICO model, which relied on small investments from many retail customers, VC funding is more exclusive, often leaving retail investors on the sidelines.
However, this has given rise to a new trend in the Web3 space: the airdrop. Airdrops have become a popular method for projects to engage retail customers. Instead of asking for money, these projects seek investment in the form of time, energy, and attention, with the potential reward of a lucrative airdrop.
This model was popularized by Uniswap, which rewarded users who had traded on their platform with Uniswap tokens. At the time, these tokens were valued at several thousand dollars, a significant amount that proved life-changing for people in developing countries.
The trend has since taken off, with many high-profile projects like Celestia and perhaps Berachain adopting this approach. However, the most anticipated airdrop may be from Eigenlayer, an Ethereum native protocol. Eigenlayer introduces a novel concept in DeFi: restaking. This protocol awards points to depositors, sparking widespread speculation among traders about potential future airdrops.
While an official announcement of an EigenLayer airdrop has yet to be made, such an event could involve the distribution of tokens potentially worth thousands of dollars on the market. For members of the Sentinel Growth DAO, this news is particularly exciting. Any rewards from future airdrops will be distributed to DAO stakers as an additional token of appreciation.
One significant aspect of airdrops is the terms and conditions that often accompany them. These typically involve the project tracking personal information such as IP addresses, wallet addresses, and transaction histories. The Sentinel Growth DAO advocates the use of decentralized VPNs (dVPNs) to protect this personal information. A dVPN can prevent arbitrary logging of IPs, thus obscuring the direct link between individuals and their wallet transactions.
As the Sentinel Growth DAO diversifies its assets and funds Ethereum-based projects, its commitment to spreading the word about decentralized VPNs remains steadfast. The DAO recognizes that privacy and security are paramount in the Web3 space, and a dVPN is crucial in ensuring these values.
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