Validator concentration is already increasing.
Fewer operators.
Larger stake sizes.
Lower margins for indie validators.
Institutional staking will amplify these trends unless guardrails exist.
Our submission outlines one possible path forward⤵️
On May 7th, we sat down with the SEC to discuss Solana staking in U.S. ETPs.
Today, we’re officially submitting our improved framework for the inclusion of responsible staking in Solana-based ETPs to the SEC Crypto Task Force.
A massive milestone for both Solana and the staking industry 🧵