📃Waitlist Criteria

Requirements for the Waitlist.

🗳️ Validator Board Responsibilities

Review and Evaluation Process

• The Validator Board is responsible for reviewing and voting on ecosystem contributions for each validator on the waitlist before they are promoted to the allowlist.

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🚀 Validator Performance Evaluation

Measuring Uptime & Downtime

Validator uptime and downtime are measured using existing tools:

• Stakewiz provides uptime tracking.

• The Dune Validator Dashboard shows uptime for the last 30 days using Stakewiz data.

Uptime Evaluation Factors

• The Stakewiz API calculates validator delinquency based on the number of minutes a validator has been delinquent.

Minimum Epochs Required for Evaluation

• Preferred: 20 epochs

• Minimum: 10 epochs

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📋 Waitlist Standards

Standards for Waitlist Placement

• Validators must meet uptime requirements.

• Validators must adhere to commission limits.

Prioritization for Inclusion or Removal from the Waitlist

• Ecosystem Contribution

• APY (Vote Credits)

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⚠️ Delinquency Management

Defining Delinquency Levels

• Excessive Delinquency: More than 8 hours of delinquency over the past 30 days.

• Problematic Delinquency: More than 4 hours of delinquency over the past 30 days.

• Concerning Delinquency: More than 1 hour of delinquency over the past 30 days.

Tracking Delinquency

• Stakewiz uptime score (via their API) is used for tracking.

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🔢 Vote Credit Requirements

Minimum Vote Credit Requirements

• No strict minimum, as vote credits are already captured in the uptime metric.

Impact of Vote Credits

• Vote credits impact APY, which will be considered when moving validators from the waitlist to the allowlist.

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🔄 Client Compliance Standards

Required Client Compliance

Validators must run one of the following:

• Jito-enabled client

• Paladin-enabled client

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💰 Stake Amount Requirements

Maximum Stake Threshold

• 500K SOL (not applicable to direct stake)

📉 Commission Limits

• 5% Commission / 10% MEV (exceptions can be made by The Vault Contributors)

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📜 Validator Allowlist Criteria

Order of Acceptance to the Allowlist

• Validators on the waitlist are promoted to the allowlist in order of their placement.

• The first validator in the queue gets promoted when there is room.

• If over 100 validators are on the allowlist, available seats may be paused.

• The Vault reserves the right to pause the allowlist.

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🌍 Validator Contributions to the Solana Ecosystem

Metrics for Evaluating Contributions

Validator contributions to the Solana ecosystem are difficult to quantify but can generally be assessed based on, but not limited to:

• Development of apps in the Solana ecosystem

• Solana community participation (e.g., notable individuals, investors with strong communications impact, etc.)

• Development of infrastructure-related tools for the ecosystem (e.g., dashboards and validator utilities)

• Open Source development within the Solana ecosystem

• Membership in Solana projects with meaningful contributions

Quantifying Contributions

• Validators must clearly describe how their contributions help the ecosystem when applying for the waitlist.

• Evaluations are subjective and rely on board members making qualitative judgments.

• A voting system among board members will be used to assess ecosystem contributions.