In a nutshell

  • Three long-term participants with low outside stakes does exit for each fresh validator.
  • According to research, 57 % of Solana nodes may fail without foundation group.
  • Solana’s Nakamoto Coefficient is strengthened by self-reliance among participants.

The Solana Foundation is putting in place a new plan for onboarding and offboarding validators in order to decentralize the system and lessen the emphasis on base support for validators.

Three validators will be removed from the Solana Foundation Delegation Program ( SFDP ) if they have been eligible for delegation for at least 18 months and have attracted less than 1, 000 SOL in outside stake, according to Ben Hawkins, Head of Staking Ecosystem at the Solana Foundation.

Hawkins’ statement on Discord was shared on X by Mert Mumtaz, CEO of Helius. The initiative comes as Foundation-delegated stake has declined over the years.

According to Stakeview files, Kydo, EigenLayer’s head of specific projects, is available online.

It would be helpful to have more information about the Solana Foundation’s effect on the total amount of validators, Kydo told .” While it is amazing to see that the Solana Foundation’s control over the network has been declining since 2022 in terms of the percentage of effective stake owned, it has been on a decreasing trend in terms of the percentage of the network’s ownership,” Kydo said. ” Accountability enhances our business.”

Kydo claimed in the post that the majority of the chain’s participants “only exist because the Solana Foundation” spawned” them,” adding that these participants “get 90 to 100 percent” of their holding account from the Solana Foundation. They would crumble without it, they would say.

The information presented is” a little older,” but it does reveal a discrepancy in how Solana presents itself, Kydo suggests. We simply see view and the area of reality.

In response to these, Max Resnick, lead analyst at the Solana-focused R&amp, D strong Anza, claimed they are “in the process of slowly winding down” the SFDP.

In response to Kydo, Resnick said,” Some participants that are now self-sufficient started as SFDP consumers.” Validators with gamma play actually lower system performance, he claimed.” Validator count is a vanity measurement.

request for comment was not instantly returned by The Solana Foundation.

According to research conducted by Helius in August 2024, around 57 % of all Solana participants may struggle to “mainten successful operations” because they couldn’t afford to cover operating expenses, the majority of which are used to pay voting fees.

The shift for self-reliance among participants is also viewed as positive for Solana.

A higher index indicates a broader interest distribution among validators, which increases the resilience of Solana’s Nakamoto Coefficient, a decentralization measure.

Helius claims that the show’s factor in November 2024 was “frequently cited as 19” despite the fact that it is likely to be lower.

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