# Landing Page for Node Operators and Open Applications for Terra and Solana

**URL:** <https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642>\
**Category:** Node Operators\
**Created:** [May 24, 2021, 7:10pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642 "2021-05-24T19:10:32Z")\
**Posts on this page:** 13\
**Page:** 1

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**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [May 24, 2021, 7:10pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/1 "2021-05-24T19:10:32Z")

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Hi all,

Shortly after the Lido DAO was initiated, we formed the Lido Node Operator Subgovernance Group (LNOSG). This group is tasked to represent node operators in the DAO structure and to help evaluate and onboard new operators to help secure and decentralize Lido. As Lido is expanding to multiple networks and growing in TVL, further professional validating companies may apply to provide their services to the DAO.

Recently, the growth of liquid staking on Terra (bLUNA) and the proposal to expand Lido to Solana by Chorus One (stSOL) allow us to consider onboarding further operators for said networks.

I created a landing page to help node operators learn about ongoing application process and to inform about the subgovernance group:

> **[Notion – The all-in-one workspace for your notes, tasks, wikis, and databases.](https://www.notion.so/chorusone/Lido-Node-Operator-Subgovernance-f89d06a3b4bf48929bd0afa5fe7a2e07)**
>
> A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

Most importantly, we are starting two application processes for operators that will run until June 6:

Apply for Lido for Solana: [https://forms.gle/AMqp9FHQmnnvNjLm7](https://forms.gle/AMqp9FHQmnnvNjLm7)  
Apply for Lido for Terra: [https://forms.gle/pprE9ndD49ZRPYzo8](https://forms.gle/pprE9ndD49ZRPYzo8)

We plan to soon hire someone directly from the DAO to manage node operator relations and to flesh out the subgovernance group and decentralization strategy some more. Stay tuned about that!

Felix

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**Author:** ![Bing0to](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bing0to/32/331_2.png) [@Bing0to](https://research.lido.fi/u/Bing0to)\
**Post date:** [May 25, 2021, 10:24pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/2 "2021-05-25T22:24:51Z")

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What is the current process of adding new staking options (such as Solana, Terra,…)?  
More at random propositions, or is there a thought process behind it?  
Can we expect other validators to start vouching for additional protocols?

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**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [May 26, 2021, 9:27am UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/3 "2021-05-26T09:27:51Z")

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We’d definitely love to see more proposals from other teams based on ours for Solana.

In my view, the protocols supported so far have been decided on based on a mix of the usefulness of liquid staking, the potential of the network itself, and team expertise. E.g. in the initial Ethereum staking phases liquid staking was (and still is) extremely valuable as otherwise there is no delegation and staked tokens would be locked until withdrawals are enabled on ETH2. Also it was likely that Ethereum is going to be the biggest PoS network, so initially Lido focused on this.

We were contemplating a bunch of different networks but decided on Solana because we have the most expertise here, we believe Solana will be a big contender in the PoS world, and of course the DeFi focus makes tokenized stake interesting (plus the staking UX is improved via liquid staking).

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<div class="post-metadata">

**Author:** ![Bing0to](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bing0to/32/331_2.png) [@Bing0to](https://research.lido.fi/u/Bing0to)\
**Post date:** [May 26, 2021, 4:53pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/4 "2021-05-26T16:53:49Z")

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@JK_stakefish @katernoir how do you guys think about this?  
Any other protocols you support that might benefit from liquid staking?

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**Author:** ![vsh](https://avatars.discourse-cdn.com/v4/letter/v/b19c9b/32.png) [@vsh](https://research.lido.fi/u/vsh)\
**Post date:** [May 26, 2021, 7:38pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/5 "2021-05-26T19:38:19Z")

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The blocker to other staking products for Lido are teams willing to build and own this for Lido. It’s a very demanding work that requires a lot of focus and can’t be done by the original team that is laser focused on Ethereum.

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**Author:** ![Bing0to](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bing0to/32/331_2.png) [@Bing0to](https://research.lido.fi/u/Bing0to)\
**Post date:** [May 27, 2021, 8:22am UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/6 "2021-05-27T08:22:49Z")

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Thanks Vasily!  
With the original team you refer to the 5 starting staking pools?  
I left out P2P specifically because of the focus on ETH2 now, but seeing Chorus One going after Solana made me think that maybe some of the others could potentially be thinking about it.

We also got 4 new validators added (Blockscape, DSRV, Everstake, Skillz) who could potentially start working on those (and maybe compensated?)

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**Author:** ![Anna\_Petrenko](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/anna_petrenko/32/340_2.png) [@Anna\_Petrenko](https://research.lido.fi/u/Anna_Petrenko)\
**Post date:** [June 1, 2021, 6:32am UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/7 "2021-06-01T06:32:09Z")

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@FelixLts Hello. It’s interesting for us, but is there some economic information for Validators, to make a research?

1. Economic model?
2. Validator’s reward rate?
3. Min and Max commission rate?
4. How long it takes for stake to start work?
5. 1 period duration?
6. Unstale period?
7. Undelegation period?
8. Minimum stake amount
9. Stake period
10. Reward frequency
11. APR?
12. Distribution of rewards
13. Minimum delegate stake?  
Many thanks)

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<div class="post-metadata">

**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [June 7, 2021, 8:42am UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/8 "2021-06-07T08:42:04Z")

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Hi sorry for the delay!

1. Validators will receive 5% commission on SOL staked with Lido. Stake will be distributed evenly between whitelisted validators.
2. Around 8% APR currently on Solana \*5% commission = 0.4%
3. 5% will be mandatory
4. activation period is usually 1 epoch on Solana
5. 1 epoch is usually 3 days on Solana
6. same (1 epoch)
7. not sure what the difference to 6. is
8. none
9. initially there will be no redemptions from stSOL to SOL. Later, min 1 epoch
10. Every Epoch
11. again 8%
12. automatically every epoch
13. 0

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<div class="post-metadata">

**Author:** ![Anna\_Petrenko](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/anna_petrenko/32/340_2.png) [@Anna\_Petrenko](https://research.lido.fi/u/Anna_Petrenko)\
**Post date:** [June 7, 2021, 11:27am UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/9 "2021-06-07T11:27:19Z")

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Hello!  
Many thanks, but I need this info for Anchor (bLuna) staking (not Solana). Could you provide it pls?

Пн, 7 июня 2021 г. в 11:52, FelixLts via Lido Governance \<[lido@discoursemail.com](mailto:lido@discoursemail.com)\>:

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<div class="post-metadata">

**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [June 7, 2021, 12:32pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/10 "2021-06-07T12:32:10Z")

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Sure,

1. again same as Terra usually. LUNA holders can pick validators to mint bLUNA from the Lido whitelist with.  
2./3. no commission min./max. explicitly. But it’s likely preferred to not be 0% or way above 10%.
2. instantly
3. block-ly on Terra  
6./7. 21 days, usual Cosmos
4. none
5. at least 21 days (based on unbonding period)
6. every block
7. around 11% for delegators \* commission of the validator
8. every block, claimable (as usual for Cosmos chains)
9. 0

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<div class="post-metadata">

**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [June 7, 2021, 2:52pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/11 "2021-06-07T14:52:19Z")

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Thanks to all that applied. Application window for this wave is now closed and the LNOSG is reviewing applicants with results to follow in the coming days.

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<div class="post-metadata">

**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [June 30, 2021, 3:51pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/12 "2021-06-30T15:51:34Z")

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Hi everyone, we’ve concluded the evaluation for Terra (the onboarding for Solana will be postponed a bit due to some reconsiderations and development delays).

In the last LNOSG call we evaluated 25 applications for Terra and settled on the following 8 operators for onboarding. All operators will be added to the bLUNA whitelist (no further interaction required) if the Lido DAO accepts the following snapshot vote:  
[https://snapshot.org/#/lido-snapshot.eth/proposal/QmXvRRExYaPHSgVKqXTrcXr1gpTskX1prKiaFZgrMTPdt3](https://snapshot.org/#/lido-snapshot.eth/proposal/QmXvRRExYaPHSgVKqXTrcXr1gpTskX1prKiaFZgrMTPdt3)

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<div class="post-metadata">

**Author:** ![FelixLts](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/felixlts/32/379_2.png) [@FelixLts](https://research.lido.fi/u/FelixLts)\
**Post date:** [June 30, 2021, 4:11pm UTC](https://research.lido.fi/t/landing-page-for-node-operators-and-open-applications-for-terra-and-solana/642/13 "2021-06-30T16:11:07Z")

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Link to the respective Terra validators on mainnet:

Smart Stake: [Terra Station](https://station.terra.money/validator/terravaloper1alpf6snw2d76kkwjv3dp4l7pcl6cn9uyt0tcj9)  
Everstake: [Terra Station](https://station.terra.money/validator/terravaloper13g7z3qq6f00qww3u4mpcs3xw5jhqwraswraapc)  
01node: [Terra Station](https://station.terra.money/validator/terravaloper1khfcg09plqw84jxy5e7fj6ag4s2r9wqsgm7k94)  
Figment: [Terra Station](https://station.terra.money/validator/terravaloper15cupwhpnxhgylxa8n4ufyvux05xu864jcv0tsw)  
Syncnode: [Terra Station](https://station.terra.money/validator/terravaloper1sym8gyehrdsm03vdc44rg9sflg8zeuqwfzavhx)  
Blockscape:  
[Terra Station](https://station.terra.money/validator/terravaloper1542ek7muegmm806akl0lam5vlqlph7spflfcun)  
Stakin:  
[Terra Station](https://station.terra.money/validator/terravaloper1nwrksgv2vuadma8ygs8rhwffu2ygk4j24w2mku)
