hey guys, sorry I missed this. appreciate the questions:
@jason I agree the SOL backdrop with unlocks, optics etc. is probably the
biggest thing suppressing price action other than macro. The optionality here
IMV is really apps leveraging their distribution and using sanctum's tech under
the hood. Binance SOL and ByBit sol are both huge and I think we will see a lot
more coming, and actually neither are counted in Sanctum's DeFillama TVL I
realized
@yoitsyoung Inflation is actually quite minimal atm and must pass governance,
right now the only liquidity emissions are in INF-SOL on kamino (you can track
proposals here: https://vote.sanctum.so/). There will likely be future emissions
for CLOUD stakers
Many dapps run solana validators on the side because its a good revenue source,
launching an LST is a way to leverage your existing distribution to get stake in
your own validator. I think the interesting thing about Solana is that it's
evidently not an oligopoly, as staking revenue is derived from many different
sources, often including offchain agreements with searchers/relays, many of that
revenue is retained by validators and not passed onto stakers, and sanctum
offers an in-protocol way to juice that up to differentiate.