Introducing BlazeStake: an innovative, community-focused stake pool!

BlazeStake (stake.solblaze.org) is a community-focused Solana stake pool protocol that is non-custodial, decentralized, and open-source, with some unique features (described later in the post) not found in other stake pools that increase your rewards while helping smaller Solana projects.

Using a stake pool protocol like BlazeStake allows you to spread your stake across several validators to help increase the decentralization of the network, and by staking with our pool, you’ll receive staked tokens (bSOL) to represent your share of the stake. These bSOL tokens increase in value over time compared to SOL according to the staking rewards, and you can unstake the bSOL back to SOL at any time through the staking interface.

When you stake with BlazeStake, you’ll be able to share a referral link with others, and when people use your link to stake with BlazeStake, you’ll receive extra bSOL rewards. BlazeStake is one of the only pools that has a public referral system that directly incentivizes stakers to encourage others to join the stake pool and help further decentralize the network!

In the near future, just like any other stake pool, you’ll be able to use these bSOL tokens in DeFi to increase your rewards. However, unlike other stake pools, you’ll soon be able to also participate in airdrops (opt-in) by holding the bSOL token! These airdrops can help increase your rewards, and the airdrops system is a feature that is not found in other stake pools. Additionally, BlazeStake has a treasury system (funded by a portion of the staking rewards) in development to allow you to support smaller Solana ecosystem projects, another feature that is not present in many other stake pools.

Our delegation strategy incorporates all validators but specifically stakes more to validators with a smaller fraction of the stake to help spread out the stake and increase decentralization. As part of the delegation strategy, we include a combination of high-performing validators and small validators, but we’re also planning to open up a DAO to allow stakers to vote and give some validators larger amounts of stake based on their contributions to the network. For more details on our delegation strategy, please see the corresponding docs page here.

The stake pool protocol uses the official programs from Solana Labs, and these programs have been audited by Quantstamp, Neodyme, and Kudelski (see here for details on the audits). The bindings to interact with these programs from the staking interface were developed in partnership with JPool (who led the efforts on the development, while we led the efforts on testing and integration). We’ve packaged the bindings into our front-end SDK to make it easier for developers to integrate, and documentation for the stake pool methods in the SDK is coming within the next few days.

We’re starting with an initial group of 50 validators in the pool, but we plan to increase the number of validators to a few hundred over the next few weeks and eventually to thousands as the Solana network continues to grow!

Any stake deposited into the pool during this epoch will start to generate rewards beginning at the next epoch, which starts in a few days. We have a lot of exciting features planned for the rest of the year (roadmap), and we hope that you will consider staking with us to help keep the network decentralized while supporting Solana ecosystem projects (plus, you’ll earn additional rewards through referrals and airdrops, unlike other stake pools or traditional staking).

The link to stake with us is stake.solblaze.org. Please leave any feedback about our stake pool in the comments!