Hello guys and welcome back to another Dora Grant out Twitter space where we will be hearing from the Faro team about what they are building and the voter incentive as well. So just for the good background on Dora Grant out program it is a community driven program to fund the Hacker movement, explore and assist hackers with innovative ideas and events
help them build important products for the future of Multichain Web 3 ecosystems. We do have 15 finalist projects for the round one of Dora Grant thou. Voting has commenced on the 5th of November and will close on the 13th of November. So in order to vote as a community member, you will need to
utilize the Dora Staking function to receive VC Dora or voice credit Dora which can be used as voting credits to participate in the voting process. To receive VC Dora you will need to connect your wallet to the Dora Staking function and ensure that you do have Dora token and Ethereum in your wallet to cover small gaps
when staking. You will then be able to stake your door at token for up to four years and then you will receive VC Dora in return. Now the amount of VC Dora you receive does depend on how much Dora you stake and obviously the duration that you do stake it for. It's important to keep in mind that one vote is equal to
0.5 VC daughter. So basically work out how many votes you would like and calculate it based on how many votes you want and then you can stake accordingly. So without further ado, we will welcome the Faro team to give us a little bit of a breakdown about their project and the voter incentive. So welcome guys.
Hello everyone. Hello, Drew. Hello. Yes.
So, everyone, Leo from Pharaoh, I'm one of the co-founder of Pharaoh. So today I'm going to talk to you about a little bit about what Pharaoh is. So Pharaoh is a West-Up liquid-staking solution for all
So as we are seeing right now the optimistic growups have already been upgraded for years and they've made a success but as far as we can see their knowledge, their tools are the future and therefore
their POS system is critical to the entire Ethereum layer 2 networks. So, with POS staking, the term is liquid staking and liquid staking is to unlock the assets that
So this is basically what we do. So we use this now we basically model for our tokens because that is more tax efficient and it's
It creates an easier way for the users to hold the liquid tokens. In addition to that, we have a new feature to unlock a better way of staking. We call them risk premium staking. You will grant you
up to almost 35% extra APR on top of the staking with a little bit more risk that is shared with view and node operators, which will be showing more details about that in a later time.
As a team, we're like a founding team of three.
I was working at the Central Isaac Street right now. I am a Master's students at Columbia University. And my co-founder, Tau, he is a Master's student at the Hollywood University and he is a
He has been developing ZK Dabs on his own and all those works. So on the technology side we are ready to launch and we are
building based off LIDA, as we're beginning. So, in the institute that's about an hour and a half. So, of course, any project for any projects, the earlier
The order you get involved, the more incentives you get. Voting for Pharaoh does not come with any promised benefits, but you would be able to follow us tightly and be able to
incentives in the future. And of course, you know, a token is guaranteed in the future, so this can be something that you're hopeful. But generally speaking, you will be the first group of people that will benefit
from our liquid staking or a coast. That will benefit from our collaborations with different node operators to offer you a better rate than anyone else can do.
That's about fair. Thank you.
Thanks to the thank you fearsome appreciate you I'm showing that about Pharaoh. We'll now move on to the next Twitter space with Space Down. So I'll see you guys there. Thanks again.