How Solana NFT Project UdderChaos milks its Validator and Marinade gauges for community benefit
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As NFT communities continue to evolve, project utility and token value capture is being explored and built upon in creative ways. A growing number of Solana projects have discovered that running validator can play a significant role in helping drive value back to its NFT or token holders.
For Solana NFT project UdderChaos, operating a validator was part of the project’s mission from the very beginning. Marinade’s stake pool and validator gauges have helped their validator earn stake and achieve profitability very early.
A bootstrapped, relatively small project might have too much going on from art to marketing and community to worry about a validator. But in fact, UdderChaos is a success story in quickly starting a validator and earning enough stake to be profitable thru its own methods combined with Marinade’s community tools.
As of August 30, UdderChaos has a Top 10 validator on Marinade’s gauges. SOL rewards from its validator are supporting its projects community and future roadmap.
UdderChaos is the 344th largest Solana Validator among over 1,800 according to Solana Beach with over 86,000 SOL staked. About ~40% comes directly from Marinade’s MNDE validator gauges.
How UdderChaos minted its NFT and launched a validator the same week
UdderChaos was launched by founder Jake and designer Yaz and minted on June 20, 2022 with a supply of 6,666 NFTs. Jake began his NFT journey on the Ethereum blockchain, but high gas fees and a project going to 0 was motivation enough to begin exploring other Layer-1 chains for his own project.
“I researched better blockchains and thought Solana had the best future,” said Jake. “There is a ton of potential with what they can do. I decided to be a part of it and [in addition to the NFT mint] running a validator was a good way to start.”
For UdderChaos, launching their Solana validator was easy thanks to the services of another project. Shakudo, a project that sets up validators for projects. They just so happened to be running a limited time deal around the time of the initial mint of UdderChaos. They signed up and had their validator live quickly and properly. Part of Shakudo’s installation was ensuring their validator was eligible to receive Marinade stake pool SOL.
Marinade and Udder Chaos: Unlocking Solana NFT-DeFi utility
NFTs continue to grow into more than just PFPs or JPEGs of colorful cows or octopus chefs. Exploring all the ways tokens and NFTs can enable web3 utility is something at the heart of Marinade and other Solana projects like Udder Chaos.
Marinade enables utility thus far through liquidity mining and validator gauges in addition to DAO on-chain governance, while the locked MNDE tokens in a Chef NFT unlock liquidity thru secondary market sales. Staking SOL with Marinade helps support DeFi liquidity by unlocking SOL stake and its delegation strategy and gauges give small projects a real chance to earn revenue from a validator.
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