Layer33 Calls for Suspension of Weekly Withdrawals from SFDP, Delegation to Drop to Approximately 55,000 SOL
Independent Solana validator coalition Layer33 has responded to the Solana Foundation's adjustments to the delegation program SFDP rules. The coalition, composed of independent validators, aims to ensure that independent operators collectively hold at least 33% of the network's stake. Layer33 acknowledges the Foundation's statements regarding the network's growth beyond the initial launch plan, the maturity of the validator pool, and the unforeseen challenges faced, asserting that the delegation mechanism should evolve accordingly. The organization states that the new rules replace long-term contributors with short-term participants with a 12-month term.
Layer33 claims that the Foundation, in subsequent statements, indicated that participants from the Alpenglow community cluster provided critical assistance and should receive direct rewards, with some adjustments made to facilitate this reward. The organization notes that SFDP currently holds over 10 million SOL in remaining delegation, and substantial rewards for cluster participants do not require dismantling the existing plan; the Foundation expressed that the intended recipients of the rewards are precisely those prioritized for withdrawal. Layer33 also states that validators remaining in the program will see their SFDP delegation drop from approximately 85,000 SOL to 55,000 SOL, a reduction of about 30,000 to 35,000 SOL; some operators have already shut down nodes and canceled their Breakpoint schedules.
Layer33 emphasizes that it is not demanding the Foundation change direction but rather to proceed in the correct order and update the requests made in the previous open letter: suspend weekly withdrawal batches until communication regarding not abandoning contributors improves; supplement details on rewards for Alpenglow community cluster participants; disclose the analysis behind the 300,000 SOL external staking graduation line, the cap of 100 validators, the 12-month term, and the 55,000 SOL delegation scale; publish an impact assessment on the current validator pool, including how approximately 75% of members are identified as non-contributors; engage in formal consultations with existing SFDP members with processes and timelines; publish contribution-based delegation standards and application processes, running parallel to discretionary delegation; and explain why the plan prioritizes new validators over contributors who have operated and improved the Solana network for years.
-- Price
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