💫Get stake from the pool!
The Vault is meant for communities that want to bootstrap their validator and utilise their communities to attract stake.
General delegation criteria
To be considered for stake, a validator operator must meet the same requirements as the Solana Foundation Delegation Criteria (SFDC, found here), in the following areas:
Not part of the super-minority
Maximum commission
Vote credits
Decentralisation
Minimum version of the validator client
Note that it is not required to be operating a testnet validator.
The Vault splits stake into two groups
50% of undirected stake goes to validators on the allow-list, and is split evenly across all validators in the allow-list
50% of undirected stake is split evenly across the 100 least staked validators that fulfill the general delegation criteria. Validator stake is calculated using the average for the last 10 epochs.
Group 1: Allow-list
To be added to the allowlist and qualify for stake, a validator operator must meet the general delegation criteria, as well as the following additional requirements:
The following additional requirements must be met:
Operate your node using the Jito MEV client with a maximum MEV commission the same as the maximum validator commission as specified by SFDC.
One or more of the following
Be a dApp team also hosting a validator to benefit its operations
Have a community that participates in its operations in any fashion
Be a validator operator that have a proven track record to participate in the community and build in the broader Solana Ecosystem
Not only do we support network decentralisation by spreading the stake to multiple validators, our delegation strategy also makes a direct positive impact on the Solana builder ecosystem by helping builders on Solana generate more revenue through their validator operations, effectively making the whole builder ecosystem more financially stable.
Community DAO Approval
When our governance token is launched, the DAO decides on validator allowlisting through on-chain voting. The DAO processes will be rolled out in stages.
Stage 1 - No voting, starting list of validators picked by the team.
Stage 2 - Holder verification, in-discord voting. (vSOL holder)
Stage 3 - On-chain voting, yes/no (governance token)
Stage 4 - On-chain weights voting (like gauges in Tribeca) (governance token)
With 4 stages, the community can have an immediate impact on the allowlist process, while the mechanics of the process are gradually improved.
Get approved for the allow list!
Are you a validator operator and want to get allowlisted in the Vault? Contact the team on Discord today.
Group 2: The 100 least staked validators
Provided that the general delegation criteria is met, the 100 validators with the lowest stake will receive stake from The Vault. The amount of stake is calculated as the average activated stake averaged over the preceeding 10 epochs. This list is updated every 10 epochs.
All validators in this group receive an equal share of 50% of the total undirected stake available in the stake pool.
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