The OBOL Token
The OBOL Token
Last updated
The OBOL Token
Last updated
The OBOL Token is central to the governance and operation of the Obol Collective. It serves multiple purposes that are essential to its functioning.
The official token contract address of the OBOL Token is 0x0B010000b7624eb9B3DfBC279673C76E9D29D5F7.
The total supply is capped at 500 million tokens. The full supply is not immediately circulating and tokens will unlock over the coming months and years. Please see the airdrop announcement for more details.
Token Governance: OBOL Token holders delegate their voting power to delegates who participate in the Token House decision-making processes. This includes voting on proposals affecting the Obol Collective’s direction, upgrades, and funding allocations. Read more about the Token House here.
Obol Retroactive Funding (RAF): Token holders delegate their voting power to Delegates, who vote on the projects eligible for retroactive funding. Read more about the Obol RAF here.
DeFi: Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools and lending protocols.
More Utility Coming Soon: Via governance proposals, the Obol community can add more functionality to the OBOL Token, for example a staking program, or integration with other staking or restaking applications.
