Firedancer Begins Delegating Stake to Solana Validators

币界网报道:Here’s a snippet from the Lightspeed Newsletter. To read the full version, subscribe. According to the client’s website, Firedancer has quietly delegated stake to 32 Solana validators to kick off its new delegation program. Delegation, or the entrustment of a portion of an organization’s cryptocurrency to multiple validators based on certain criteria, has been used by the Solana Foundation to help smaller validators get off the ground on the network. Firedancer may be hoping that the delegation program will convince validators to start running its Frankendancer client, which currently holds just 8% of all staked SOL. That’s up from 5-6% about a month ago. Firedancer is a rewrite of the Solana software from scratch by Chicago-based trading firm Jump. Firedancer will be Solana’s first true alternative client, unlike the one originally built by Solana Labs, now called Agave. With two clients, Solana will be immune to single points of failure in the client, which can cause network downtime, among other issues. A limited version of a client called Frankendancer went live in late 2024, as it combines parts of the Agave client with code written by Jump, like Frankenstein’s monster. The full Firedancer is running in non-voting mode. Participants in the Firedancer delegation program are running Frankendancer. On-chain data shows that an account marked as funded by Jump Crypto delegated about 20,000 SOL to approved validators. One of those validators, Watchtower, received more than 1.2 million SOL. Tim Garcia, head of validator relations at the Solana Foundation, said in a Discord message that italo, a user associated with Watchtower, is running the delegation program for Firedancer. The Firedancer delegation participants I spoke to generally had positive things to say about the client. H2O Nodes noted that Frankendancer is now more stable than the original Solana client when it began running validators in 2022. Ian Unsworth of Kairos Research said that since switching to Frankendancer, the company’s validators have been packing more computational units into blocks, which translates into higher rewards compared to the network average. This was echoed by RockawayX founder and CEO Viktor Fischer, who estimated that Frankendancer offers 10-15% higher performance in terms of average computational units. Unsworth said that Frankendancer has yet to face a true stress test, but added that the reported upcoming launch of pump.fun tokens could spur network activity and push Frankendancer’s limits. Firedancer said that it plans to delegate 2 million SOL to approximately 100 validators in the first phase of its delegation program. It also noted that each iteration of the program will run for approximately 3 months. It is worth noting that Firedancer’s initial delegation standard of 20,000 SOL per validator is less generous than the Solana Foundation’s delegation program. The Solana Foundation has 35 million SOL staked across 569 validators, averaging about 60,000 SOL per validator. Get news in your inbox. Explore Blockworks newsletters: The Breakdown: Decoding cryptocurrencies and markets. Daily. Empire: Crypto news and analysis to kickstart your day. Forward Guidance: The intersection of cryptocurrencies, macroeconomics, and policy. 0xResearch: Get Alpha straight to your inbox. Lightspeed: All about Solana. The Drop: Apps, games, memes, and more. Supply Shock: Bitcoin, bitcoin, bitcoin.

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