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SOURCE Vaults Accessible on EVIA Network app for Simple Auto-compounding with AuthZ

Updated: May 3


source and evia vault
auto-compound SOURCE with Evia vaults

We are very excited to welcome the Evia network and their validator Kitkat to the $SOURCE ecosystem. The Evia app allows users a very simple method to auto-compound and evenly distribute reward delegations to several validators. Simply deploy a SOURCE vault with the Evia app and select your validators you would like to auto-compound staking rewards with. Vaults can be cancelled at any time and you always remain 100% in full control of your tokens. Evia uses the Authz module by cosmos SDK. Authz allows granting arbitrary privileges from one account (the granter) to another account (the grantee). Authz enables Evia strategies to be non-custodial, which allows you to maintain full ownership of your assets and eliminates the risks associated with custodial protocols.


The functionality of Authz can be compared to Google drive file permissions. As the owner of the file, you can give others permission to View Only or Edit and they can then interact with the file; but ultimately, you maintain ownership. In this analogy, the Google file is your token and the View Only or Edit permissions are Authz grants.


In simple words: It’s SAFU.

EVIA Validator: Kitkat Evia also operates several nodes in the cosmos ecosystem on Persistance, Quasar, Quicksilver, Archway, BitCanna, HuaHua, OmniFlix, and now SOURCE. Please help further distribute the SOURCE network by delegating some tokens to the Evia Kitkat node, which also helps support further development. You can learn more information about the Evia app and their future development plans here: App: https://app.evia.network/




NEWCOMERS:

If you are new to $SOURCE you may have an #airdrop from staking $ATOM. Simply connect Keplr to the SOURCE blockchain network to discover if you qualified, tokens were automatically distributed, note that those staking ATOM with a centralized exchange validator did not qualify. Whalecap was 20,000 SOURCE, and the last snapshot was in February 2023. SOURCE mainnet launch was October 13, 2023.


There are many more great things coming for #SOURCE, be sure to join our Discord or Telegram and interact with our great community. #SourceForce


Thanks for tuning in, and we will see you in the next post!


Stay informed and don't miss out on all the excitement!




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Disclaimer: This blog article is for informational and entertainment purposes only and should not be considered financial advice. Please do your own research before making any decisions with your tokens.


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