Top Tweets for #StakeNet
Through the implementation of StakeNet, JitoSOL has significantly improved the delegation and staking process on the Solana network. Today we take a deep dive into @jito_labs' #StakeNet.
https://t.co/Riy3eaMu9h
How does the validator history program track performance?
#StakeNet
5. Evan dives into more detail on how StakeNet's architecture works.
The Validator History Program helps track the performance history of different validators to decide the best one.
🎯@Jito_sol unveils the StakeNet Steward Program: A New Era for @Solana Staking
🔐 #JitoSOL transitions to community governance, enhancing security, stability, and decentralization.
🗳️ #StakeNet will facilitate community-led decision-making and oversight.
🔽VISIT
https://t.co/Q0UoGdZBpY
#SolanaUniverse
🚀 @jito_sol Foundation launches the StakeNet Steward Program, a decentralized stake pool management system for #Solana, starting July 29, 2024.
🔑 Unlike current Solana liquid staking, which relies on a single centralized keypair, #StakeNet ensures transparency and decentralization by allowing community members to manage the stake pool operations.
💡 This shift marks a significant milestone in Solana DeFi, enhancing security and efficiency by spreading stake across multiple validators and eliminating single-entity control. #Jito Foundation is putting the "De" back in DeFi!
https://t.co/K7XxwlC3oI
Join us for the fourth Jito Governance Delegate call, where we'll be joined by Jito Labs contributor @evanbat_ to discuss the forthcoming StakeNet! https://t.co/kkrCaDAt7b
#Govenance: There is a new Jito Improvement Proposal for moving the management of the Jito Stake Pool to #StakeNet, a decentralized protocol by @jito_labs. This aims to boost security, efficiency, and transparency using on-chain automation.
Full JIP here: https://t.co/NhWjwWroFN
🌐 What is it?
JIP 3 proposes moving the management of the Jito Stake Pool to StakeNet, a decentralized protocol developed by Jito Labs.
This aims to boost security, efficiency, and transparency using on-chain automation.
$JTO - the Solana EigenLayer
In January, @buffalu__ , the founder of @jito_sol , wrote an article about #Stakenet, potentially the EigenLayer on Solana.
https://t.co/PM5mNEqryb
The best exposure you can have is by holding $JTO, and it's already gaining traction due to the $W airdrop coming tomorrow.
1. $JTO Fundamentals
We’ve been monitoring @MarinadeFinance since early September; however, things have changed drastically.
This is a similar situation to $RPL and $LDO, in my opinion. When a new team with stronger fundamentals joins the market, it's not necessarily the first leader that always leads.
@jito_sol has been consistently adding more $SOL to their protocol, and their market dominance is approaching 50%, while Marinade has been stagnant for several months.
$JTO also has no unlocks coming until December 2024. CT is smart enough to connect the dots when the JITO founder will eventually launch #Stakenet.
The only way to front-run this is by buying $SOL or $JTO.
Currently, $EIGEN is already valued at $20-40B FDV. The launch of Solana EigenLayer will be extremely impactful, offering faster and more efficient transactions.
With a $580M MC and no unlocks until Dec 2024, this is extremely under-valued.
2. Airdrop Wealth (Money Printing) Generation Effect
The $W airdrop is coming tomorrow, and $JTO and $JUP have been a significant boost to the Solana ecosystem since their launch.
Big impactful airdrops often have a multiplier effect on the ecosystem - people make money, and it naturally rotates (most likely to the same ecosystem tokens).
$JTO - An extremely profitable airdrop that multiplied the wealth of loyal Solana farmers at the start of December, and this money eventually rotated to various $SOL ecosystem tokens (including various MEMEs such as $MYRO that performed nicely in early January).
This was the start of the $SOL run from $50 to $110.
$JUP - An extremely high FDV DEX token that also airdropped to multiple users on Feb 1, also contributing to another run from $90 to $200 (all the bull market aside), along with many $SOL ecosystem tokens having a good rally.
Eventually, smart money flows back to fundamental plays or Airdrop Farming - which sounds a lot like what may be happening to $JTO
Keeping a close eye on $JTO - since who is not bullish on $SOL ? - also, it's a fundamental play - easy to build conviction and HODL
wtf is stakenet?
StakeNet is a new primitive for Solana that allows one to build autonomous, decentralized programs that allocate resources across a network of node operators.
StakeNet was originally designed for Solana liquid staking protocols. Today, every Solana liquid staking protocol uses a hot wallet to control their delegation strategy, which brings a slew of centralization risks that become increasingly concerning as the total amount of LSTs on Solana increases. In order for liquid staking to truly scale, this hot wallet needs to be decentralized. StakeNet was built to do this.
In addition to running stake pools, I think there’s an application for StakeNet in other decentralized, high performance, and autonomous networks. This can be things like restaking protocols, liquid restaking networks, oracle networks, and more. In this article, I’ll cover why StakeNet was created, what it can do today, some cool things people could build, and where I think StakeNet could head in the future.
Link to the entire article in the next tweet
🎊🎊🎊Buy @Element_market NFTs for Marketplace Token may be Airdrop in the future
✏️Create account on Elelment https://t.co/zDEtIgcU9r
✅NFT No 1.
The Crown of Stark - #Stakenet Chain
https://t.co/jEhdBxnAtF
Price $20 - $26
✅NFT No 2
Manta Girls - #Manta Chain
https://t.co/pqqeeE1ztK Negligible Price
✅NFT No 3
Mantle Cowboy - #Mantle Chain
https://t.co/OL0sIgjcOa Price Buy a set of 10 - costs you $2-3
✅NFT No 4
Element Pass Genesis - #Ethereum Mainnet
https://t.co/aD6dGbx9hQ
Price 0.31 $ETH
#NFT #airdrop #element #Starkent
🩷Like ♻️Rt ▶️ Follow Appreciated
Dive into the world of #StakeNet with this insightful article, offering the clearest explanation straight from the source! 🌐
Missed our latest X Space with @buffalu__ and @evanbat_ discussing all things StakeNet? Catch up on the engaging session here: https://t.co/eEW6LhOWQy
wtf is stakenet?
StakeNet is a new primitive for Solana that allows one to build autonomous, decentralized programs that allocate resources across a network of node operators.
StakeNet was originally designed for Solana liquid staking protocols. Today, every Solana liquid staking protocol uses a hot wallet to control their delegation strategy, which brings a slew of centralization risks that become increasingly concerning as the total amount of LSTs on Solana increases. In order for liquid staking to truly scale, this hot wallet needs to be decentralized. StakeNet was built to do this.
In addition to running stake pools, I think there’s an application for StakeNet in other decentralized, high performance, and autonomous networks. This can be things like restaking protocols, liquid restaking networks, oracle networks, and more. In this article, I’ll cover why StakeNet was created, what it can do today, some cool things people could build, and where I think StakeNet could head in the future.
Link to the entire article in the next tweet
🧬SolanaUniverse Daily Digest 12/19/2023
🧬@OndoFinance expansion to the @Solana blockchain
🧬@TaiyoRobotics x @MagicEden
🧬@ZetaMarkets x @JupiterExchange
🧬@Samoyedcoin x @Mastercard with @West57th_
🧬@Jito_sol revealed two significant milestones for #Stakenet
🧬@Kamino_Finance x @OndoFinance
🧬@GooseFX1 emphasizes $GOFX Tokenomics
🧬@Circle x @Fuzefinance
🧬@UniTerminalExt x @SolWalletRay
🧬@flashtrade available on @Banx_gg
How great @UniqueOne_UO #StakeNet @oct_network @NEARProtocol Let's share this
#StakeNet #zkSync #Arbitrum #NEAR
@crossroadshub How great @UniqueOne_UO #StakeNet @oct_network @NEARProtocol Let's share this
#StakeNet #zkSync #Arbitrum #NEAR
If you repeat same things and expect different results. Well! Doesn’t work that way. Do things differently! #Stakenet #Near #OctopusNetwork #LiquidityFarming #community Oriented
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