Our Oversubscribed CoinList Sale - Led by the Community!

Today, we’re thrilled to announce the completion of our community-led token sale on CoinList, a milestone that smashed expectations. Initially targeting $3M, we were overwhelmed by demand, with the sale heavily oversubscribed and reaching $4.20M committed. Thousands of participants across 100+ countries secured their stake in Obol, the foundation of Layer 1 blockchains and decentralized infrastructure networks.

In a tremendous show of support, hundreds of participants leveraged our on-chain community-first discount model, enabled through our partnerships with Lido, EtherFi and CoinList. Users that held Lido's wstETH or EtherFi's weETH on CoinList from March 3, 2025 until March 10, 2025 benefited from a lower token price and FDV. This made the Obol raise one of the most highly coordinated and mission-driven sales in CoinList history.

This fundraise marks a pivotal moment for the community, reinforcing our mission to decentralizing and scaling Proof-of-Stake networks like Ethereum through Distributed Validators (DVs). Unlike traditional raises, where venture capital dominates early access, this round was powered entirely by the community—those who believe in the critical role that the Obol Collective plays for the future of web3.

What’s Next for Obol?

• Accelerate the adoption of Distributed Validators on Ethereum, including achieving our target of $10B in total ETH staked by the end of 2025.
• Expand Distributed Validators to additional Chains, including Gnosis, Monad and other PoS layer 1 blockchains.
• Empower home operators via Squad Staking, ensuring that anyone that wants to stake from home has access to education, credentialing and opportunities for accessing delegated stake. 
• Progressively Decentralize the Obol Collective, through both the RAF (retroactive fund) the Token House (governance proposals) and soon to be announced Collective Goals.

The OBOL Token

The OBOL token is quickly becoming the schelling point of the Obol Collective, serving as the central force behind its governance, incentives and operations. It empowers delegate voting on proposals, allocates ecosystem funding through RAF rounds, and will play a key role in staking, restaking, and DeFi. Additionally, OBOL has the potential to enhance staking rewards through novel mechanisms, ensuring long-term alignment within the community. As adoption grows, OBOL is poised to become a premier collateral asset across partner ecosystems, further driving its value and utility.

Thank You, Obol Community

This success is a testament to the power of decentralization and the strength of the Obol Collective. We will continue to empower validators with better performance, reduced risk, and higher rewards—on Ethereum and beyond.