Protocols such as Ethereum, Filecoin, and Polkadot require their miners to supply large amounts of capital for staking. Simultaneously, enthusiasts and investors currently receive zero interest on over $500B in cryptocurrency.
1protocol enables individuals with idle cryptocurrency and individuals with idle computational resources to jointly mine for these protocols and split the rewards. We call the smart contracts that coordinate and incentivize joint mining Virtual Workers. By building 1protocol, we aim to significantly increase the efficiency and security of critical Blockchain infrastructure while enabling anyone to seamlessly earn interest on their otherwise idle capital.
Our team consists of three Stanford engineers with backgrounds in Computer Science and Mathematics. We are well funded by institutional investors such as Polychain, 1confirmation, and Haystack, as well as prominent Angel Investor Fred Ehrsam, co-founder of Coinbase. Our office is located in downtown San Francisco.
Our team is growing and we are looking for engineers to help us build 1protocol. Relocation to and housing in San Francisco can be provided if needed!