Flowra, KorDA sign MOU to explore gold-backed Solana validator infra
Flowra Ltd., a blockchain infrastructure firm targeted on validator and order movement options for Solana, has signed a Memorandum of Understanding (MOU) with Korea Gold Trade Digital Asset Co. Ltd. (KorDA) to discover the usage of gold-backed digital property in supporting Solana validator infrastructure.
Beneath the proposed mannequin, KGLD, a gold-backed digital asset held or managed by KorDA or a licensed affiliate, might be used as collateral to safe $SOL.
The $SOL may then be delegated to Solana validators by Flowra’s infrastructure, permitting gold-backed property to not directly help validator operations and community progress.
Flowra and KorDA additionally plan to discover sourcing $SOL from the Solana Basis, exchanges, institutional buyers, lending suppliers, and different giant $SOL holders.
The businesses are contemplating the launch of the Flowra-KorDA Delegation Program (FKDP), which might allocate sourced $SOL to eligible validators.
Beneath the proposed construction, Flowra would supply Solana infrastructure, together with its Open Orderflow Public sale (OOA), Programmable Block Coverage (PBP), and Block Engine expertise.
KorDA would oversee validator operations, together with servers, monitoring and key administration.
The businesses would additionally set up requirements for validator choice, $SOL allocation, and the distribution of income from staking rewards, block rewards, and MEV suggestions.
The initiative is meant to discover a possible hyperlink between real-world property and blockchain infrastructure.
Slightly than utilizing tokenized gold solely for holding or buying and selling onchain, the proposed mannequin would study whether or not gold-backed digital property may assist unlock capital for blockchain infrastructure.
Any use of KGLD as collateral, in addition to $SOL sourcing or delegation preparations, would stay topic to authorized and regulatory evaluation, due diligence and separate definitive agreements.
Any collateral used below the proposed construction can be segregated from Flowra’s property and held by an eligible unbiased custodian, escrow association or multisignature pockets. Flowra wouldn’t custody the collateral.
The MOU has an preliminary 12-month time period, throughout which Flowra and KorDA will consider the proposed construction, potential counterparties, and necessities for launching the delegation program.
