Solana Co-Founder Proposes Validator Staking-Weighted Oracle for Tokenized Asset Pricing

iconPANews
Share
AI summary iconSummary
On October 24, Solana co-founder Anatoly Yakovenko proposed a validator-based oracle in which staking weight determines voting power for pricing tokenized assets. The mechanism could tax profits to fund the network. The idea remains conceptual, with no formal governance proposal or timeline yet. This on-chain update highlights a potential shift in digital asset news for tokenized collateral models.

PANews, October 25: 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 enable collateralization of such assets. Under the proposal, 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 concept remains in the idea stage and is not a formal governance proposal; there is currently no defined timeline or governance voting schedule for implementation.

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.