River
TOWNS
The River/Towns protocol is a decentralized, end-to-end encrypted messaging infrastructure built on the EVM-compatible River Protocol, which operates as a Layer 2 blockchain leveraging decentralized nodes and smart contracts deployed on Base. Towns enables permissionless group chats, allowing communities to create, own, and manage digital spaces with customizable governance, privacy, and monetization features. The project is led by Ben Rubin, founder of Houseparty and Meerkat, and has attracted significant investment, raising $25.5 million in a Series A round led by Andreessen Horowitz (a16z), with additional backing from Benchmark and Framework Ventures.
You can find the link to the block explorer below:
Validator Address
Operator Address 1
0xdE42f8Fa9B9f856A8D0C3e92e25905BD8bC44545
Operator Address 2
0x4051199467518D05d3d5E8A220d05edA68a73A4B
Performance
Luganodes node performance can be tracked here.
Staking Mechanics
Reward Frequency
Bi-weekly
Auto-compounding
No ( Need to redelegate rewards manually )
Penalty
No slashing penalties, however River has an extendable reputation system which can impact a node’s participation or rewards.
Slashing
No
Stake Lockup
No ( Instant Delegation )
Unbonding Period
60 day
Last updated