Staking Operations Lead @SolanaFndn

Joined July 2011
1,282 Photos and videos
Pinned Tweet
Why should you be staking? Token inflation is a fee on unstaked SOL, paid by users that need real-time security against double spends. Users that are willing to stake and help guarantee that double spends do not occur are collecting the issuance.
26 Apr 2023
haters will say we aren't creating new blocks and validating transactions on the Solana blockchain while earning rewards for our participation in the consensus process, which helps to secure the network and maintain its integrity šŸ’ÆšŸ”„šŸ”„
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Bingo
Jun 11
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Big fan
im a big fan of the recent moves by @solanafndn
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Jake Burden retweeted
XDP default ON in Agave 4.2! turn it on now so you know it works! if it doesn't work, let us know as asap as possible. thank you ily šŸ«¶šŸ’˜
XDP will be default enabled on Agave starting with v4.2 (early August on mainnet). try it out NOW so we can fix any unique driver/NIC combo issues you might have
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Big weekend
Jun 11
Tomorrow you'll be able to buy, sell, long, or short the biggest IPO of all time directly on @solana across multiple tokenized equities issuers and perps venues. My guess is we are heading into the biggest onchain capital markets event of all time. You can find every verified variant and venue for SpaceX on @tokens starting tomorrow AM. Bookmark the link below.
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Follow the devs
The Solana ecosystem is much larger than people realize -- a long way from the 75 devs joke from a few years agošŸ˜€ - 1000 apps on the @solanamobile store alone - 2800 builders submitted to @colosseum - There's more content about Solana being produced than hours in a day - 6,000 folks watched the @SolBrothersPod Ecosystem Call simultaneously (and even more after!) - Events happen almost every day around the world (e.g. @SuperteamDE is hosting a 1200 person summit this weekend!) - Solana has covered more than 600 unique teams in the weekly news alone since January (plus hundreds of others on channels like @perps, @solanapayments, @solanagaming and more) The growth is astounding! We're big enough that you can't possibly see every edge and corner, and new teams pop up every minute šŸ’œ The best way to find success on Solana is to tap into the magic of the ecosystem. There are now millions of people who want to see you win.
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Huge
Jun 10
Big Solana news: The Light Protocol team is joining Helius to help build Solana's most complete ZK privacy layer. Private payments, markets, and finance -- at Solana scale. Fully composable, fully onchain, fully open-source.
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Can’t rug me
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Jake Burden retweeted
Fixed point arithmetic is the lifeblood of DeFi programming, and also a giant footgun. Forgot to rescale after multiplication? Your math is now off by orders of magnitude. Hylo's Fix library tracks precision at the type level, and dependently types the output precision of every operation. You literally can't write bugs with it. I had no idea it was this fast though lol github.com/hylo-so/fix
Small CU benchmark of common Rust libraries used in DeFi. Interestingly, @hylo_so 's Fix outperformed even rust_decimal at the same 128 bit count and scale. github.com/ChiefWoods/math-c…
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Jake Burden retweeted
ā€œSolana isn't a niche chain, it isn't an app. It is truly a platform for anybody. It's the chain for entrepreneurs. It's the place where the best founders in crypto come to build their companiesā€ – @vibhu, Chief Product Officer, @SolanaFndn
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Jake Burden retweeted
Generational wealth opportunity for builders: We are building in public the ultimate Solana fintech stack for free... SDP is open source and runs in Docker: - ramps - custody - payments - security checks - RPC - gas sponsorship Here is the playbook: 1. Fork it today 2. Add your env keys for one of each provider 3. Host on AWS or GCP 4. Build your unique product on top of it 5. Keep up with the free upgrades we ship daily You can now have a full stack that banks would build in years at your disposal. Things I'd build with it: - Tokenization SaaS - Neo bank - Money market fund - RWA engine It's still being actively worked on, but if you learn this, you have real alpha early on. Repo in replies
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With sub-bp spreads
i didn't realize how dominant solana mainnet is for trading SOL-USD now. wow! Harbinger of things to come
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Jake Burden retweeted
Jun 2
You can now build onchain subscription & budgeting products on @solana: - Give an AI agent budget and let it spend freely within your constraints - Tiered subscription billing - Recurring payroll Feature parity with tradfi payment models is here for stablecoins. Who will build onchain Gusto or Ramp or Stripe?
Subscriptions & Allowances are now native to Solana. Recurring billing and delegated spending, live on mainnet as one shared program any team can build on.
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What is OpenPerps?
What is OpenPerps? A permissionless perpetual futures DEX on @solana, built on top of Percolator, @toly's open-source risk engine. Percolator does the risk math, formally verified and untouched. OpenPerps is the venue wrapped around it. One wallet → one USDC balance → many isolated markets. Permissionless: anyone can list a market, anyone can liquidate a bad account. No central team, no approval, no listing form. Marks need fresh prices. Today a single keeper bot posts them every minute from Pyth. On mainnet that moves to an on-chain oracle, so no off-chain bot has to be trusted. 20 instructions, 343 Kani proofs, 53 wrapper tests. no_std, zero-copy. Live devnet: openperps.fun Github: github.com/itsbenjiidunn/ope…
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If you’re in AI pivot to solana/web3.js@rc
For half a decade, solana/web3.js has been how developers, apps and users interact with Solana. Today, we're giving it the upgrade it always deserved: Web3.js 3.0. A package with the API you already know, rebuilt from the ground up on Kit.
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Jake Burden retweeted
For half a decade, solana/web3.js has been how developers, apps and users interact with Solana. Today, we're giving it the upgrade it always deserved: Web3.js 3.0. A package with the API you already know, rebuilt from the ground up on Kit.
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That’s my quantum
This is false and needs a community note. Falcon signature verification takes about the same time as the Ed25519 signatures used throughout the protocol today. We tested it, you can see in the table below. The main difference is in signature size. The opposite of Nic’s the claim is true. Because Solana has relentlessly optimized the code, we can push more bits over the wire and through the pipes inside the validator meaning that a 10x increase in signature size makes almost no difference to Solana. The average Solana transaction today is around 700 bytes so increasing the signature size to 666 bytes or 1320 with the pub key in recovery mode would be a factor of 2-3x theoretical max throughput but theoretical max throughput is upwards of 1 million TPS and we are doing 4k tps today if you count votes. Bandwidth increases by a factor of 2 every 18-24 months according to Nielsen’s law. Some Solana validators already run with 100gb NICs.
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Solana is for traders who want sub-bp spreads
just ran some numbers realized slippage across all Titan DART SOL/USDC swaps is at 0.0768 bps, with a median of 0.0462 bps we are now in MICRO-bip territory on @solana
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Jake Burden retweeted
Solana's throughput ceiling isn't a runtime bottleneck anymore - it's a networking one. XDP lets validators ingest shreds straight off the NIC, skipping the kernel stack entirely. Every operator who enables it raises the ceiling for everyone.
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One month in. If you’re a Solana validator, stakepool, infra provider, ASN operator, etc. I want to hear from you. Let’s chat if we haven’t yet!
gm Day 1 as Staking Operations Lead @SolanaFndn. Strategically deploying the Foundation’s stake to support validators, advocate for stakers, and strengthen the broader ecosystem. The mandate: decentralization, network health, and censorship resistance. Solana.
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