Do ETFs risk centralizing Solana, and who actually gets the yield?
Solana spent years building a staking culture in which over two-thirds of the circulating supply is delegated to validators, earning roughly 6% annually from inflation and fees. Non-staking Solana ETFs might just change this dynamic. Now that reflexive on-chain participation faces a new competitor: exchange-traded funds that either cannot or will not stake. Hong Kong’s …
No comments yet. Be the first to add a perspective.