DoubleZero Unveils $537 Million SOL Stake Pool for Solana Validators
DoubleZero has launched a 3 million SOL stake pool, valued at approximately $537 million, under the ticker DZSOL. This initiative aims to enhance access to its low-latency fiber network for Solana validators, thereby promoting network decentralization.
- The protocol integrates private and dark fiber paths into a high-performance network mesh.
- This setup allows validator-to-validator traffic to avoid congested public internet routes.
- A 5% fee on validators' consensus-related revenue is charged for network access.
- Token burns are implemented to reduce spam and centralization risks.
Founder Austin Federa highlighted the importance of equitable data access across the network, emphasizing that speed alone is insufficient. He has significant experience from his previous role at Solana Labs and the Solana Foundation.