Thread by @prism_protocol

We are pleased to announce our first cohort of validators for the $LUNA vault in PRISM Refract!

Let's dive in to how these validators were chosen and how they will be bringing long term value to both $PRISM and $LUNA holders.

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Over 50 validators applied to be considered in the initial cohort, from these applicants, we selected a subset based on the following criteria...

All of these validators have a voting power of less than 2%.

They have also committed to a commission rate of 5% or less.

And most importantly, they all have a unique contribution to how they bring value to both $LUNA and $PRISM holders.

1. @TerraBitesPod can be credited with indoctrinating many new #LUNAtics with their best in class content and media coverage of the Terra ecosystem from the earliest of days.

As the ecosystem has expanded, so has the dire need for technical expertise from protocols and DAOs.

They are committed to not only media coverage of the budding ecosystem, but also to expand support for aspiring and prospective developers.

A PRISM delegation will support the expansion of the Terra Academy, better dev tooling, and evergreen content for the devs of tomorrow.

2. @thegalacticdao The Galactic DAO has been a pioneer for bringing one of the first NFTs to Terra and attracting a broader audience of NFT enthusiasts and DeFi users to the Terra blockchain.

We believe that the Galactic DAO is well positioned to expand the likeness of NFTs and to pioneer DeFi x NFT utility on Terra.

A PRISM delegation is a vote of confidence for the longer term mission of the Galactic DAO. We can’t wait to see what they build next.

3. @coinhall_org has been an invaluable part of the Terra Ecosystem by providing simple and easy to use charting, DEX aggregation, and trading analytics for over 120k active users per month.

In collaboration with PRISM, Coinhall will enable limit orders to swap any asset across PRISM Swap, @terraswap_io , @astroport_fi , and @loop_finance.

PRISM’s delegation to Coinhall will support their development of the best trading and analytics platform for the Terra ecosystem

Additionally, PRISM stakers will also enjoy selective benefits from Coinhall’s Stake-2-Subscribe feature prorated to the delegations that Coinhall receives.

4. @orbital_command is a standout community validator providing a wide breadth of educational content, community initiatives, and promotion of the Terra ecosystem as a whole.

Recently, Orbital Command has begun to expand their offerings by enabling key opinion leaders, supporting new Discord communities, conducting weekly workshops and engaging Twitter Spaces.

A PRISM delegation will support all of Orbital Command’s existing and future programs dedicated to the mission of Terra Luna.

Though the core contributors have made these initial selections, ultimately xPRISM holders are empowered to propose new validators or redelegations of the existing LUNA vault.

By enabling xPRISM holders to control the delegation of LUNA, incentives are better aligned between validators and xPRISM holders to act in the best interest of PRISM Protocol and the Terra Luna ecosystem as a whole.

If you’re a Terra validator and want to be considered for future delegations by xPRISM holders, see the tweet below for more information:

https://twitter.com/prism_protocol/status/1460750495287554058?s=20

These validators will play an important part in the full launch of @prism_protocol, to learn more about our launch, check out the full briefing here:

https://twitter.com/prism_protocol/status/1480587418520670209?s=20