ChainCatcher report: On October 24, Solana co-founder Anatoly Yakovenko (Toly) posted on X proposing a concept to build an oracle that allocates voting power based on staking weight using Solana validators, to provide price assessments for tokenized assets and use such assets as collateral. Under this concept, validators would participate in price determination according to the amount of SOL staked to them, and profits generated by the mechanism could be taxed to increase revenue for the Solana network. However, this idea remains in the conceptual stage and is not a formal governance proposal; there is currently no defined timeline or governance voting schedule for implementation. If realized in the future, the mechanism could introduce a native alternative to Solana’s existing oracle network, but it also raises concerns regarding supply changes from SOL inflation and potential conflicts of interest or manipulation risks arising from validators participating in collateral pricing.
Solana co-founder proposes validator stake-weighted oracle for tokenized assets
ChaincatcherShare
Summary
On October 24, Solana co-founder Anatoly Yakovenko (Toly) proposed an on-chain news concept to create a validator stake-weighted oracle for real-world asset (RWA) news. The oracle would use staked SOL to determine voting power and provide price assessments for tokenized assets as collateral. Profits could fund the network through taxation. The plan remains conceptual, with no formal proposal or timeline established. If implemented, it could replace existing oracles but may introduce manipulation risks and increase the SOL supply.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.