Announcement: Lido on Solana Wave 2 Onboarding

I’d like to update you with the results of the onboarding application evaluations that took place Monday, June 27 through Friday, July 1 2022.

Evaluation Results

The Lido Node Operator Subgovernance Group (LNOSG) decided to nominate 5 applicants for the proposed shortlist for onboarding onto Lido on Solana.

Shortlisted applicants have been asked to confirm their desire to join the Lido on Solana operator set. In case they do not reply affirmatively in a timely manner, or for some other reason cannot join this round, they will not be onboarded and will need to re-apply in a future round.

We had very strong turnout this round with 45 applicants, though unfortunately due to adverse market conditions, the depressed price of SOL, and the continued slow pace of deposit inflows the LNOSG determined a small onboarding round is appropriate at this time.

During the evaluation the LNOSG also discussed and determined that a separate evaluation should be performed regarding those operators interested in joining the Lido on Solana set that lack mainnet experience, but that would be interested in joining the Solana ecosystem (therefore expanding validator diversity) with the help of Lido. As a result, another (smaller) onboarding round will be taking place over the coming weeks with clearer evaluation criteria in order to propose a shortlist to the DAO of operators with no mainnet nodes (which the DAO can choose to ratify or not).

During the final meeting on July 1, 2022, the LNOSG decided to propose the following applicants for inclusion into our node operator set for the Solana protocol (in alphabetical order):

Shortlist (in alphabetical order)
01node
Allnodes Inc
Kiln
Stakewithus Pte Ltd
Stakin

You can find the full PDF with summary statistics and the recordings of the introduction and conclusion to the LNOSG evaluation meeting in the public drive below. Due to the privileged/confidential nature of some of the information provided in some of the applications, the portion of the call where applications were discussed in detail was not recorded.

https://drive.google.com/drive/folders/1M2j6In7t5v-M38PB0ljLZMsQXxEdb1wG?usp=sharing

Both shortlisted and non-shortlisted applicants have been emailed notifying them of the results. Where relevant, applicants who were not shortlisted also received comments regarding potential ways to improve their application in future rounds should they wish to reapply.

If for some reason you applied but did not receive an email, please reach out to [email protected].

Governance voting

A snapshot will be proposed in the coming days and the link will be added here.
EDIT: The snapshot vote has concluded.

The snapshot will be for the inclusion of the 5 (or fewer, in case applicants cannot continue) Solana Operators. Should the DAO disagree with any of the proposed applicants, request additional information, or otherwise request additional input for the onboarding, the LNOSG will reconvene to propose a next course of action.

Next Steps

Following DAO approval (or during the vote optimistically so that we can execute faster), we will coordinate with the respective teams to onboard the new node operators onto Lido’s communication channels and prepare operators for inclusion onto mainnet. The estimated timeline for the new node operators to be fully on mainnet is sometime mid-to-late July.

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