Introduction

These docs are in active development by the PartyNode community and are subject to change.

PartyNode is a decentralized working capital solution for node operators, focused on EVM compatible networks. It works by injecting independent node operators, that want to join validator networks, with uncollateralized working capital while provding lenders with consistent yield from validation rewards. PartyNode is a novel system built on top of a DAO that is secured by the lenders and operators themselves.

Okay... but why?

The PartyNode Manifesto is simple: empower independent node operators with the necessary resources to spin up new validators in order to promote network decentralization and prevent power consolidation. Hard stop.

So why PartyNode? Currently, there are not efficient decentralized loan solutions focused on willing and able node operators that may just lack the working capital to operate within certain node/validator networks.

The solution is to provide a self-sustaining, decentralized lending platform for node operators to receive uncollateralized working capital, while building Decentralized Lending Trust Scores (DLTS) based on their loan history. Wow... that was a mouthful... Essentially, PartyNode wants to build the biggest operator DAO in the world.

Soo...Wen Party?!

When the term 'Party' is used, it refers to a voting period where PartyNode Token (FAVOR) holders can stake on node operators in support of their validator loan proposal. In other words, a staker becomes a Party to the node operator by "co-signing" their loan.

Gain a high level understanding on how PartyNode works in the PartyNode 101 section below.