Toby 🦦

Building better foundational yield on Solana with OpenMEV. 🦦 @TobyLabs @solana

[Toby 🦦 @StakeToby]

The Toby sale didn’t reach the funding target we needed to move Toby forward under the current model.

We’re not going to force it.
Market conditions have been unfavourable, and the timing was bad; macro events had hit the sale hard.

All public sale depositors are getting a full refund.

Refunds are live now → https://t.co/eue8u5tQgo

Notes:
- refunds go back to the original wallet used during the sale
- make sure you’re on the right wallet to view the balance
- you have until June 10, 2026, 2PM UTC to claim

What’s next:
We’re planning to move the sale to other formats in the coming months.
We’ll share more once it’s concrete.

Thank you for showing up. More soon. 🦦

[Toby 🦦 @StakeToby]

for the searchers wondering how to actually plug in: Block Chef has a bundle submission API. send bundles, Head Chef filters, Sous Chef auctions. best tip + valid execution wins.

no special access. no private relationships. no hardware gatekeeping. websocket streaming for real-time, REST for historical.

if your bundle is clean and competitive, it gets in. https://t.co/3yRHTVeVaa 🦦

[Toby 🦦 @StakeToby]

$TOBY holders decide what counts as acceptable MEV on Solana.

not a foundation. not an advisory board. actual governance over which bundle types get filtered, how validator incentives work, auction mechanics, fee structures.

the question every MEV system has to answer: who makes the rules? for most systems, it's the operator. for OpenMEV, it's the community.

https://t.co/3yRHTVeVaa

[Toby 🦦 @StakeToby]

one entity handles most of Solana's MEV. they take 5% off the top and there's zero competitive pressure on that number.

here's what nobody talks about: the operators running sandwich bots on that system compound profits into stake. more stake = more blocks = more sandwiches. it's a flywheel that concentrates power.

by mid-2027 you could have a single MEV operator with enough stake to influence consensus. (not predicting this. just saying the math doesn't prevent it.)

OpenMEV exists because this trajectory is bad for Solana. https://t.co/3yRHTVeVaa

[Toby 🦦 @StakeToby]

@chiun_labs Thanks. We are taking a different turn to help us push Toby's visions forward.

More info on this in the coming weeks.

[Toby 🦦 @StakeToby]

genuine question for Solana stakers: are you earning MEV yield right now?

not staking yield. MEV yield. the value extracted from transaction ordering every single block.

because if you're in a regular stakepool... that revenue is going somewhere. just probably not to you.

genSOL was built around this. deposit SOL, get liquid staking + MEV rewards in one token. honestly still figuring out how to explain it simply, but: https://t.co/3yRHTVeVaa

[Toby 🦦 @StakeToby]

85 / 10 / 5.

85% of all MEV rewards to stakers. 10% to validators. 5% protocol fee.

for the otters who've been asking "where does the money go" since the early days, this is the answer. well, the short answer. the full breakdown is at https://t.co/6EPoKCPHZp

[Toby 🦦 @StakeToby]

paying $2,000-3,500/month in hardware just to access MEV data feeds is wild tbh

Laser Stream targets $800-1,200 for comparable data. 30-50% less bandwidth. built for Firedancer from day one (not retrofitted).

https://t.co/6EPoKCPHZp

[Toby 🦦 @StakeToby]

validators on Solana earn block rewards and commission. that's the baseline everyone knows.

Toby-Solana Client adds a third line: MEV tips. every clean bundle that lands through Block Chef generates a tip, and 10% of that goes directly to the validator who produced the block.

net new revenue. no extra cost. just for running infrastructure that filters instead of extracts.

https://t.co/3yRHTVeVaa

[Toby 🦦 @StakeToby]

ever wonder what happens to your MEV bundle between submission and block inclusion?

most systems: highest tip wins. that's it. nobody checks what's inside.

Block Chef runs a two-layer filter. Head Chef screens every bundle against community-approved rules (sandwich patterns get killed on sight). Sous Chef auctions the clean ones. ~200ms per cycle. bundles stay encrypted until the validator receives them. can't front-run what you can't read.

deep dive: https://t.co/3yRHTVeVaa 🦦

[Toby 🦦 @StakeToby]

an update is coming for the otters in the next few days. we wanted to get things right before sharing.

more soon. 🦦

[Toby 🦦 @StakeToby]

Every Solana block is a revenue opportunity.

But without OpenMEV, validators can’t spot MEV or prioritize high-value transactions.

OpenMEV gives validators visibility + tools to capture what they've been missing. That's Toby. 🦦

[Toby 🦦 @StakeToby]

How Block Chef runs the auction, step by step → https://t.co/XzWV6xtOnS

[Toby 🦦 @StakeToby]

Most MEV on Solana isn't seen. That's the problem.

What's happening now:
→ Private routing deals mean searchers pay less for blocks
→ Sandwich attacks extract value from users without their knowledge
→ Validators earn whatever's left after the leakage

Block Chef changes the routing:
→ Sealed-bid auction: searchers bid openly for blockspace
→ Highest bid wins. Sandwiches filtered by Head Chef before they reach the block
→ Validators earn the full competitive tip

The difference between opaque and transparent MEV is who captures the value.

Same block. Cleaner mechanics. More value back to the network.

[Toby 🦦 @StakeToby]

Q4 2026. A mid-size DeFi protocol integrates Laser Stream.

Within a week, validators are flooding their Discord.

Not because of a marketing campaign. Because word spreads fast when:
→ The data feed cuts hardware costs in half
→ The tips are real

Someone on CT posts: "when did MEV become a good thing on Solana?"

A Toby otter replies with a thread they wrote 8 months ago explaining exactly how OpenMEV works.

12 likes when they wrote it. 4,000 retweets now.

Build the infra. Change the narrative. The pond always knew. 🦦

[Toby 🦦 @StakeToby]

Block Chef architecture, full breakdown → https://t.co/XzWV6xtOnS

[Toby 🦦 @StakeToby]

One block. Here's what happens.

A DeFi trade hits the mempool. Three searchers see it and submit sealed bids to Block Chef.

Head Chef scans the bundles:
→ One is a sandwich. Front-runs the original trade. Filtered. Gone.
→ Two clean bundles remain
→ Highest bid wins

The bundle executes. The trade goes through without front-running.

Where the value goes:
→ ~85% to validators and stakers
→ ~5% to the winning searcher
→ ~5% to the protocol

That's OpenMEV. One block at a time.

[Toby 🦦 @StakeToby]

OtterFlow + Laser Stream: built for sub-200ms blockspace → https://t.co/x541yncTQE

[Toby 🦦 @StakeToby]

Alpenglow just got 98% validator approval.

What's changing:
→ 100-150ms finality
→ TowerBFT replaced. PoH replaced
→ Expected to land on mainnet soon

Faster finality means auction windows get tighter. Latency matters more, not less.

Block Chef + Laser Stream were designed for this:
→ Laser Stream cuts searcher hardware requirements by up to 50%
→ Faster feeds, lower overhead, built for a sub-200ms world
→ Block Chef runs sealed-bid auctions that don't depend on slow consensus windows

Retrofitting old MEV software for Alpenglow-speed finality isn't a patch job. It's a rebuild.

We're not rebuilding.

[Toby 🦦 @StakeToby]

The Solana Foundation was delegating close to 44% of network stake to validators.

That's winding down. Hard.

For validators who built around that subsidy:
→ Revenue per block shrinks when the cushion disappears
→ Smaller validators feel it first
→ The math just changed

The validators who pull ahead are the ones with real protocol-level revenue streams.

OpenMEV tips from Block Chef:
→ Flow directly to participating validators
→ Every block, every auction
→ Real yield from blockspace activity, not subsidy dependence

The delegation era is ending. The MEV era is already here.