Solana co-founder Anatoly Yakovenko has a new idea for squeezing more revenue out of his network. It involves minting fresh SOL, backed by tokenized collateral, with Solana’s own validators acting as the price referees.
Yakovenko, known across crypto as Toly, shared the concept in a post on X on October 24, 2026. He called it a validator stake-weighted oracle, which is a mouthful for a fairly intuitive pitch.
What Toly actually proposed
Start with the oracle part. In crypto, an oracle is a service that tells a blockchain what something is worth in the outside world.
Most oracles today are run by dedicated networks. Toly’s twist is to hand that job to Solana’s validators, the operators who already process transactions and secure the chain.
The “stake-weighted” part means a validator’s input would count in proportion to how much SOL is staked with it. Think of it as a shareholder vote, where bigger holders get louder voices because they have more to lose.
Once validators agree on what a piece of tokenized collateral is worth, the system would mint new SOL against it. The idea is that this minted SOL helps facilitate transactions on the network.
Then comes the revenue angle. Under the proposal, profits generated through that activity would be taxed, with the goal of boosting network revenue.
Why the timing is interesting
The proposal lands just days after Solana’s Alpenglow upgrade went live on October 21, 2026. That upgrade improved transaction finality to approximately 150 milliseconds and streamlined how validators submit their vote transactions.
That matters for an oracle built on validators. If the people securing the chain are also going to agree on asset prices, the machinery they use to vote needs to be quick and efficient.
Alpenglow tuned exactly that machinery. Toly’s idea essentially asks what else those faster, leaner validator votes could be used for beyond confirming blocks.
The proposal also builds on a pattern already baked into Solana. Stake-weighting shows up throughout the network’s design, so extending it to pricing collateral is less a leap than a sideways step.
Where this fits in Solana’s bigger picture
Solana has been leaning into tokenized assets, which are real-world or financial assets represented as tokens on a blockchain. Price data for those assets is currently supplied by oracle networks such as Pyth and RedStone.
Those providers play a central role in price discovery for real-world assets on the chain. A validator-run oracle would not necessarily replace them, but it would introduce a native alternative tied directly to Solana’s own security model.
Toly’s post sketched the basic mechanics without naming specific collateral tokens or DeFi platforms. Beyond SOL itself and the general category of tokenized collateral, no particular assets or protocols were identified.
It is worth being clear about stage, too. This is an idea shared on social media, not a formal governance proposal. There is no governance vote scheduled and no implementation timeline. The concept has not yet surfaced in Solana’s formal governance discussions or technical forums.
What this means for SOL holders and the ecosystem
The flip side is that minting new SOL changes the supply picture. Any version of this would need to convince holders that new issuance is safely backed and properly priced, rather than quietly diluting existing stakes.
Putting validators in charge of pricing also concentrates responsibilities. The same parties securing the chain would be influencing how much SOL gets created, which raises fair questions about incentives and the risk of manipulation by large stakers.
For existing oracle providers like Pyth and RedStone, a native validator oracle would represent a new kind of competition, or possibly a complement. How the two models coexist would likely depend on what assets the system ultimately supports.
The things to watch are concrete. Does the idea move from an X post into a formal proposal, does it attract technical scrutiny on Solana’s developer forums, and does Toly or anyone else specify which tokenized assets would qualify as collateral.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.