31 Solana validators the Foundation "retired" are still voting with 63M $SOL . Three questions about that:
What does "retired" mean here?
It ends membership in the Solana Foundation's delegation program (SFDP) and its stake. The Foundation's FAQ says it isn't a penalty, and retired validators can keep running on the permissionless network.
How big is the group?
In a Nov. 14 snapshot (epoch 1086), CryptoSlate matched them to 63M of the 429M SOL across 663 vote accounts, about 14.8%. Two identities hold 52.5% of that, so the "15%" is concentrated. Fourteen of the 31 have under 300,000 SOL of activated stake.
Is the rulebook clear?
Not quite. The FAQ says retirement kicks in above 300,000 SOL of outside stake. The delegation criteria page still says 1 million SOL.
My take: this isn't a red flag, it's a stress test. The real question is whether smaller validators can replace Foundation stake with other delegators once their 12 months run out. Watch whether the 14 small ones keep attracting stake.
Does a 15% "post-program" cohort make you more or less comfortable with Solana's validator set?
(Source: CryptoSlate, Nov. 15)
#Solana #Staking
Disclosure: Write to Earn may pay me a commission on cashtag trades.
What does "retired" mean here?
It ends membership in the Solana Foundation's delegation program (SFDP) and its stake. The Foundation's FAQ says it isn't a penalty, and retired validators can keep running on the permissionless network.
How big is the group?
In a Nov. 14 snapshot (epoch 1086), CryptoSlate matched them to 63M of the 429M SOL across 663 vote accounts, about 14.8%. Two identities hold 52.5% of that, so the "15%" is concentrated. Fourteen of the 31 have under 300,000 SOL of activated stake.
Is the rulebook clear?
Not quite. The FAQ says retirement kicks in above 300,000 SOL of outside stake. The delegation criteria page still says 1 million SOL.
My take: this isn't a red flag, it's a stress test. The real question is whether smaller validators can replace Foundation stake with other delegators once their 12 months run out. Watch whether the 14 small ones keep attracting stake.
Does a 15% "post-program" cohort make you more or less comfortable with Solana's validator set?
(Source: CryptoSlate, Nov. 15)
#Solana #Staking
Disclosure: Write to Earn may pay me a commission on cashtag trades.