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Yakovenko Floats Solana Idea to Mint SOL Against Tokenized Collateral

The early concept would use validator pricing of tokenized assets as backing and tax profits for network revenue.

By Simon Yoon
Published
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A brass scale balances a blank collateral tile against metal weights / TokenPost.ai
A brass scale balances a blank collateral tile against metal weights / TokenPost.ai

Solana co-founder Anatoly Yakovenko floated an early concept on Saturday, Oct. 24, that would use stake-weighted validator pricing of tokenized collateral to support new Solana (SOL) issuance.

Under the idea, validators would price the collateral and SOL could be minted against it. Profits would be taxed to increase network revenue.

Solana already uses stake-weighted validator votes to select a block when competing forks arise.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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