Yield Farming $RAVEN — Just Kidding!

Raven Protocol is building a network of compute nodes for the purposes of AI/ML training where speed is the key.

Raven Protocol
RavenProtocol
3 min readJul 27, 2020

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Dear Raven Protocol Community.

We have received a lot of questions from the community regarding staking and rewards. This is definitely coming and details will be shared this quarter. The Raven Distribution Framework was released in beta and it is time to start warming up the network of compute nodes.

The team is finalizing the economics and incentives that align with the community and long term goals of Raven Protocol. In the short term, we understand the community is excited and want to start putting their $RAVEN to work.

While this is not defi, yield farmers can farm rewards in $RAVEN. Our approach to decentralized and distributed AI training has no dependency on hardware. Anyone can run a node from their browser to contribute AI compute to the Raven network.

Inspired by Jakko and A.

Staking and governance will be rolled out in multiple phases. This allows us to iterate on the incentives as it aligns with our community, needs of our customers, launch of Binance Smart Chain as $RAVEN is BEP-2, and growth of the Raven network.

The first phase of staking will be announced in Q3 2020.

That’s all for now. Let us leave you with something fun to share around Twitter and Telegram…

MEMES ARE BACK!

Here are some of our favorites from the community. Keep them coming.

The community makes some funny memes! There is no defi pivot. We are honored to be right behind YFI on the daily top gainers list on CMC. Excited to explore how to work with defi projects. There must be some strong applications for AI/ML :)
Mooncharts are back?!? Saw this floating around TG.

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Raven Protocol
RavenProtocol

www.RavenProtocol.com is a decentralized and distributed deep-learning training protocol. Providing cost-efficient and faster training of deep neural networks.