1.0 Introduction

Monkey Business NFT community has voted in MONKEYDAO to run a validator. Validator is a server that is used to validate transactions on a crypto ecosystem. In order to do this, a large amount of SOL tokens are required to verify transactions. Using the money raised from the NFT purchase, and delegations, the MonkeyDAO validator will acquire substantial amount of voting power to direct the decision for SOL ecosystem.

2.0 Results

The number of new unique delegators indicate increasing linear trend since Feb 1st.There is a bump in cummulative new delegators on FEB 10th, due to a sudden rise in new unique delegators. As much as 9 new delegators has participated their SOL in MonkeyDAO validator. For the month of February, 44 new unique user has delegated to MonkeyDAO Validator

For staking delegation, SOL is used to run a validator. Validator acquires voting power based on how much SOL delegated to them. For the month of February, during 8th, 12th , 16th and 18th, we are seeing large amount of SOL delegated to MonkeyDAO Validator. Almost 5000 SOL has been acquired as of Feb 19th.

3.0 Conclusion

MonkeyDAO validator has acquired almost 5000 SOL from 44 new unique validators as of Feb 19th 2022