Solana validators slow to adopt Frankendancer for MEV reasons
Solana validators are hesitant to adopt Frankendancer, a limited version of the new validator software as they worry about potential impacts on their returns related to Maximum Extractable Value (MEV). Currently, only 12 validators, managing approximately 5.4 million staked SOL, have adopted Frankendancer, a small fraction compared to the total 392 million staked SOL reported. The reluctance stems from concerns that switching to Frankendancer may reduce their returns, as a significant portion of their rewards is derived from SOL issuance and transaction fees. While some validators, like Phase Labs, advocate for the switch, the majority, making up over 93%, are expected to favor Jito-Solana for better returns. Future pressures might occur in the testnet phase where exploratory measures to increase Frankendancer adoption are planned. This situation reflects the delicate balance validators face between improving system performance and maintaining investment returns.
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