bnSOL shows 0% validator commission. Sounds good. But then there's a 10% manager fee, the highest cut of any major LST on Solana. Binance just moved the same number to a different line. Not technically a lie but not exactly transparent either.
hSOL, dSOL, fwdSOL all do the same thing, showing 0% validator commission while taking their cut through the manager fee instead. Just at a smaller margin than Binance.
Out of 200+ LSTs on Solana around 35 are actually active. Most of them just send stake to their own validator and do nothing else for the network. We pick by brand and don't look at what's inside.
Did anyone actually check their LST before depositing?
@raikucom@_offmylawn@duckk9x
#Solana #DeFi
For the last few years everyone on Solana was racing to execute transactions faster. That race is winding down. The next one is about who controls the network data actually travels through.
43% of Solana stake is already on DoubleZero, a private fiber network where blocks hit all validators at once instead of thousands of separate sends. Alpenglow was built for it, and after the next upgrade validators on the regular internet just won't keep up.
The most interesting part of the article is about LSTs. Right now people stake by brand, you like Jito you take jitoSOL, you like Jupiter you take JupSOL, yield differences are tiny so it doesn't matter much. But when the network starts actually affecting how much a validator earns, the LST backing the right ones starts pulling ahead. Your token choice stops being about the brand.
Is anyone already thinking about this when picking an LST?
@raikucom@_offmylawn@duckk9x
#Solana #DeFi
RPC 2.0 is the biggest upgrade to Solana's read layer ever
Come get the alpha on it from the team building it, @triton_one, on tomorrow's Solana Circuit!
https://t.co/OVwRGn1Xwy
Two days ago Alpenglow went live on a real validator network. 150ms finality in actual conditions.
But @raikucom wrote about something most people don't notice:
the code that shows your wallet balance was written in 2020 for one website. The entire Solana DeFi ecosystem got built on top of it and nobody rewrote it. Realms still downloads 16MB into the browser just to show one governance proposal.
Every provider patched this their own way, Helius did their thing, QuickNode did theirs. Now you're locked in and switching isn't simple.
RPC 2.0 in May rewrote that layer. Consensus through Alpenglow, data through RPC 2.0, transaction inclusion through Raiku, three separate problems being solved at the same time. Curious how many developers even thought of them as separate things.
@_offmylawn@duckk9x
#Solana #DeFi
Raiku means God of Thunder and Lightning in Japanese. That name wasn't picked randomly.
PropAMM operators on Solana are doing $1B+ in daily volume but their core problem is guaranteed block inclusion. Without it, even the best price can arrive too late and the market maker takes a loss instead of a profit.
That's exactly what @raikucom solves. AOT auctions let you reserve a spot in a specific future block in advance. Not compete for it at the last second, but book it ahead of time.
Two swords. One for speed, one for precision.
@_offmylawn@duckk9x
#Solana #Raiku #DeFi
Raiku's been dropping article after article lately. MEV series, matching engines, propAMMs, perps.
Most projects post hype. These guys post research.
$1 trillion in economic activity crossed Solana in Q1 alone, according to @degenroot. The infrastructure to handle that at institutional scale is what's being built right now.
@raikucom said what needed to be said. Now they just have to ship it.
gRaiku
@_offmylawn@duckk9x
#Solana #Raiku #DeFi