The next stage of Solana governance (at the network level) will be a huge leap from where things currently are. Read on if you want to see where the puck is going
SIMD228 was contentious. There were lots of mixed opinions As new validator Exo got to experience voting first hand. It’s a mess. Validator’s claim tokens and send them to token addresses as a signaling vote. For a chain that prides itself on tech it was shockingly antiquated
At the same time @exo_tech_ was contributing to @jito_sol's TipRouter TipRouter is a node consensus network (NCN) that has different operators coming to consensus on the MEV distributions to validators and their stakers every epoch.
[Simplified] It works by 1. taking a agave compatible full snapshot 2. loading the state at that snapshot slot 3. generating a 2-tiered merkle tree (validator data => staker data) 4. Voting on the merkle root
It’s a decentralized way to come to consensus on the active stake across the entire network After my experience with Solana governance, I was scratching my head about why something similar wasn’t used to determine stake weight and allow stakers to directly participate.
At accelerate in May, a group of governance interested community members met IRL. I pitched the idea...
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