Marinade Proposes Governance Plan To Address Malicious Validators On Solana

According to Odaily, Solana's liquid staking protocol, Marinade, has introduced a governance proposal aimed at tackling the issue of malicious validators and democratizing Maximal Extractable Value (MEV) on the Solana network. The proposal invites community feedback and outlines several key initiatives. The first initiative involves the establishment of a public committee to oversee delegations. This committee would be responsible for monitoring and ensuring the integrity of validator operations, thereby enhancing the security and reliability of the network. By creating a transparent oversight mechanism, Marinade aims to mitigate the risks posed by malicious actors within the validator community. Another significant measure proposed is the reopening of the public memory pool. This step is intended to foster greater transparency and accessibility within the network, allowing for more equitable participation in the extraction of MEV. By making the memory pool public, Marinade seeks to level the playing field and prevent any single entity from monopolizing MEV opportunities. Additionally, the proposal includes funding for research into Solana's MEV to enhance transparency and data availability. This research initiative aims to provide the community with a clearer understanding of MEV dynamics on the network, promoting informed decision-making and fostering a more democratic ecosystem. Marinade's proposal reflects a proactive approach to addressing the challenges posed by malicious validators and the concentration of MEV. By engaging the community and implementing these measures, Marinade hopes to strengthen the Solana network's resilience and ensure a fairer distribution of value among its participants.