[PROPOSAL] Create a Saber validator #57
Description
The SaberDAO active contributor team are proposing to start a new validator, get it approved by SFDP, acquire stake and make the SOL acquired from the validator to be used for increasing protocol revenue. This also ties SaberDAO closer to the Solana infra side of things, as we'd be part of validating transactions on the network and helping decentralization.
We will expand- and build on the validator operation in the future as well, by creating our own LST ex sbrSOL or something similar, and use this within our Saber ecosystem.
The revenue generated, could be used to fund operations, buy backs or simply increase treasury size, or perhaps compound in to the validator stake.
The team is confident that the validator would reach break-even within 1 month from start.
The Proposal
Start a Solana Validator, utilizing funds from the S3 budget.
Revenue generated would go to the treasury to be used to benefit the SaberDAO longevity at the discretion of the current DAO contributor team
If the validator runs at a loss for 3 months in a row, we will close down the validator
Project Description
Acquire hardware for a validator through renting a spot in a datacenter.
Setup the Validator on Solana mainnet and testnet, and apply to the SFDP and stake pools.
Create a sbrSOL LST.
Expectations/Impact
Increased revenue- and opportunities for the DAO. Strengthen the Solana network, as the validator would help decentralize and validate tx on the network,