Q we've got a little fun interview with Dan Albert, who is the executive director of the Solana Foundation. So here we go. Well, Dan, you guys are up to something really interesting in the Solana ecosystem with stake pools or liquid staking. Can you share with us what that is and how it has some advantages over some of the issues with just regular staking, like the lack of liquidity?
A Hey, thanks for having me. The goal of the Solana Foundation is to foster the growth of the Solana network and the Solana community as a whole. The goal really is to have one billion people with self custody of their keys and the ability to understand what that means and sign transactions and do useful things. So in order to get a good chunk of the world's population doing this, we need a whole robust suite of apps and services that are useful to people as humans. To that end is one of the reasons why I'm really excited about stake pools because it provides a great vehicle for ordinary people who want to participate in the crypto ecosystem, the ability to participate while also fostering the growth of the network and supporting the growth of a larger set of validators. And so what this is really is a way for people who are interested in crypto and interested in supporting and securing Securing the blockchain networks that they care about through staking, but providing people a liquid means to do so. So what does that mean? So an individual user or users can deposit their soul into one of these programs and get back a derivative token. And what happens under the hood is the stake pool automatically distributes the underlying tokens to one or Many different node operators or validators on the Solana network. So traditionally on Solana and on other proof of stake networks, when yo…
AI assessment note: “deposit their soul into one of these programs and get back a derivative token”