[Proposal] rugSOL | Rug City (Existing Validator)

About Rug City

For about three years, Rug City has been providing solutions for rugged projects. We’ve created a diverse suite of tools that help people restore value to abandoned or rugged projects, and our efforts have positively impacted the community by bringing back hope and functionality to rugged projects.

Rug City has been operating their own validator for over three months with exceptional performance.

Validator Info:

  • Validator Identity: Frdg1NUoQaaTmASWNTrtDrBU5PbTnWtUvtdCr1XPNn1c
  • Validator Vote Address: 6MP6Bun9VmkGcRVU4iF14Q8P7jTkGtQW9zVwmB9kCYyK

Joining the Sanctum LST Community

We’re looking to join the Sanctum LST community to make staking on our existing validator easier and more streamlined for our supporters. Our goal is to create simple staking experience for our community while also supporting rugged projects.

We aim to:

  • Offer users a simplified staking experience on our existing validator.
  • Expand the reach and utility of our validator through LST’s.
  • Continue providing derugging services while creating value for both Rug City and the broader Solana ecosystem.

Conclusion

Together with rugSOL we can create a future where rugged projects can find new life, while making staking more accessible to the community.

Thank you, and we look forward to joining the Sanctum LST community!

3 Likes

This is very interesting, but what is really worrying is the confirmation that the developer has indeed left and they are 100% no longer holding tokens in any wallet. is it possible to find out that the developer actually abandoned the project? because later developers who deliberately abandon their projects will take advantage of this opportunity to gain more profits

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The rugged projects have nothing to do with rugSOL, derugging is just something that we do.

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Can you share about the rugcity tools and how it can impact the users?

Also is there any benefit for rugSOL holder when accessing the tools? Thankyou!

There is no utilty for owning rugSOL as of right now, the main reason we are looking to get added in is to make staking easier for people that are staking on our current validator.

note: you need rug city points to use the features

Vote:
https://www.rugcity.xyz/vote

Derug:
https://www.rugcity.xyz/derug

Stake Sol native on our validator:
https://stake.rugcity.xyz/

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Thankyou for sharing! :saluting_face:

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are you looking to do a straight APY for rugSOL Holders, or putting some/all the staking rewards to helping the rugged projects

For the time being the staking rewards will be used to maintain our validator operation costs.

Thank you for the briefing!

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The name doesn’t sound beginner-friendly tho :cloud_with_snow:

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