Stacverse

The past few months my X has been mostly kid stuff. Maternity leave has been nice, but I’m jumping back in earlier than planned. $STACCANA and the @stacverse are the main reason. It feels worth coming back for. If you want to hear more about it, join me and @MacMD247_ in my Space. We’ll talk through it. Set a reminder if you’re free. x.com/i/spaces/1dkrp…

1. I built stacsol.app 2. I enter solana hackathon (current) 3. I forked solana validator, made it cheaper to run 4. I made a looping platform without all the pitfalls normally associated maxtier.fun 5. then put it on bnb/base/ether/hyperliquid what is stacsol? stacsol's token is a sanctum LST but on token22 with a transfer fee. the only add'l risk compared to other LSTs like bsol, jupsol, msol is that we have a (sizeable) transfer fee, which the community not only understands but celebrates as it is invariably burned (albeit by an offchain crank, as is necessary for solana t22 withheld withdraws) which increases the NAV of the LST and immediately raises value of remaining tokens that can be burned on the LST program. there is one caveat from the original pitch: we since forked the solana validator client, making it ~96% cheaper to run in voting fees: #issuecomment-4574628704" target="_blank" rel="nofollow noopener">github.com/anza-xyz/agave… we have a script that optimizes to have 75% of stake on the validator, which means in theory a bankrun is possible but there is a max 1day withdraw on burns as we hit next epoch, and later burns factually get better rates anyhow, due to the deflationary mechanics (burns/mints also have fees)