Want to highlight an innovative new validator system from another.software.
Who is behind the project - Thomas and Angry Mouse - 2 amazing people from HandyCon speaker lineup!
Rowan Staking currently 202% APR as of May 7th 2022. Rowan (sifchain) is a Cosmos (ATOM) based DEX (decentralized exchange) that is offering very generous staking rewards as well as LP (liquidity provider) rewards. So the team at Another.software is starting their validator business on this chain, which is a very high payout one to kick off with for sure!
This validator is a developer and building! Many validators simply collect their commission and do not contribute back to the ecosystem. One tool Another.software made is Sifrecompound, a restake bot for sifchain, which will yield about 634% APY. If you’d like to use this bot for Auto compounding for staking on sifchain, head on over to
https://github.com/anothersoft/sifrecompound Another thing they are building is they are developing new sifchain frontend UI - Coming Soon. Will add a screenshot to the blog post here.
Airdrop! *** Everyone will like this one - Airdrops for stakers - See Mintpaper from official site another.software . They will launch a new token in a couple days (May 10-12, 2022 timeframe) called ASVT (Another Software Validator Token).
What is the utility of ASVT? You can read their mint paper - but this is my summary:
Basically you are an OWNER of their validator by owning ASVT. They are keeping 30% to their team, as this 30% will be their “cut” from the validator income. But the 70% they are issuing to the community to share ownership (read: DIVIDENDS) from the validator commissions they receive.
So the concept after discussing with Thomas - the token will be issued this mid May 2022. And then those holders will receive commission payments that the Another.software validator earns, relative to the % ownership they have in the ASVT pool. (So if you own 1,000 ASVT and there are 200,000 ASVT token issued, you own 0.5% rights/dividends to the payouts of the validator).
The thought here is - if you are going to stake to Sifchain (ROWAN) which has “juicy” staking rewards, why not pick a validator that will share some of their commission with you. And as their validator business grows, so does the value and dividend of this ASVT token.
Plus hey - support these developers, and support decentralization in general, right!
Link to stake =
https://ping.pub/sifchain/staking/sifvaloper1sz4vscgjuqqntt2pjs65u96mhy5tu5qw958nxtOfficial Website including Mintpaper =
https://another.software...
https://www.youtube.com/watch?v=shITv9HYoPs