Validators Can Now Share Block Revenue: Two Commissions
Originally published on xroot.dev . Every staking dashboard shows one number next to a validator's name: commission, as a whole percent. That number has been a lie by omission for a while and is about to become a lie outright, because Solana validators now have two commissions, both set in basis points, only one of which the dashboards show — and the one they hide defaults to 100% . Four…
Two new commission mechanisms have been introduced for Solana validators. The first, SIMD-0123, allows validators to share block revenue, or priority fees, with their delegators. The second mechanism, SIMD-0291, changes the way commission is expressed from a whole percent to basis points, allowing for greater precision. Additionally, SIMD-0232 lets validators route their cut to a collector account of their choice, and SIMD-0249 delays any changes to commission by one epoch.
These updates mean that the default commission rate for block revenue is now 100%, but can be adjusted by the validator. The old commission rate is still displayed on some dashboards, despite being an inaccurate representation of the actual rate. The new system provides more transparency and control for validators and their delegators, with a built-in delay that gives delegators time to move their stake if they notice an increase in commission.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
