The next stage of Solana governance (at the network level) will be a huge leap from where things currently are.
Read on if you want to see where the puck is going
SIMD228 was contentious. There were lots of mixed opinions
As new validator Exo got to experience voting first hand. It’s a mess. Validator’s claim tokens and send them to token addresses as a signaling vote. For a chain that prides itself on tech it was shockingly antiquated
At the same time @exo_tech_ was contributing to @jito_sol's TipRouter
TipRouter is a node consensus network (NCN) that has different operators coming to consensus on the MEV distributions to validators and their stakers every epoch.
[Simplified] It works by
1. taking a agave compatible full snapshot
2. loading the state at that snapshot slot
3. generating a 2-tiered merkle tree (validator data => staker data)
4. Voting on the merkle root
It’s a decentralized way to come to consensus on the active stake across the entire network
After my experience with Solana governance, I was scratching my head about why something similar wasn’t used to determine stake weight and allow stakers to directly participate.
At accelerate in May, a group of governance interested community members met IRL. I pitched the idea...
829
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.