Colony Launch Validator Program V2, validation, incorporating a liquid staking component. Validator & Sustainability Programs are more than initiatives; they're the bedrock of #Colony's long-term vision.
The Validator Program V1 is designed to validate the primary network #avalanche actively contribute to securing this growing network and help usher in a wave of new applications and assets on Avalanche.
The program involves quarterly staking of 300,000 AVAX and linearly redistributes the generated yield (minus fees) to Colony’s CLY staking contract. rewards from this validator node will be distributed to $CLY stakers without requiring them to stake their own $AVAX, trade it, or provide liquidity. This ensures that $CLY stakers receive consistent free $AVAX rewards throughout the year.
The launch of Validator Program V2 dedicated to subnets’ validation, and incorporating a liquid staking component.
Colony to lead & support the ongoing growth of the #Avalanche ecosystem, promising an exciting journey towards sustained development and innovation.