Is Solana’s 8% staking yield ‘kind of a meme?’ What this VC believes

• Dragonfly’s Qureshi killed Mania and called for better blockchain security models.
• Solana Staker’s revenues reached a record maximum of $ 1.5 million, while Validator’s revenues rose to $ 300 million.

Solan [SOL] The bet is back in the headlines, after strong criticism from the VC crypt.

According to the founder of Dragonfly, Haseb qureshi“The stains of mania are“ meme ”and an illusion that does not help with safety, as is originally perceived.

“Burning mania is certainly a little illusion. This idea that you pay for security is a kind of meme.”

Determination includes locking or delegating tokens such as Sol on validation to help them run the network.

In return, validators or nodes operators receive “rewards” or receive a yield that they can share with their delegators.

Problem of deduction: Inflation

But here’s a problem-dominance is dominated by 12 verification companies across all chains of evidence (POS) such as Solana, Apt [APT], Ethereum [ETH]And others.

According to Qureshi, only Ethereum is better in terms of safety because it has domestic stakes.

As a result, the current security model is strongly concentrated in selected Validator companies. This risk of centralization does not compare to the “network of network” of the ethos.

Continued and added,

“The security model is not what we pretended to be 6 years ago. As a result, it is rational if we solve this problem.”

In addition, he considered rewards as inflation and taxation that would dilute other holders who do not introduce.

He added that now the Imiters of the Spot ETF are promoting yield to avoid dilution and not necessarily secure the network.

“Things that provide L1 security are not inflation rates. It’s the robustness of the software and who are the validators.”

Solana Co-Funder Anatoly Yakovenko agreed with QueShi’s attitude.

In particular, the solana inflation rate is currently set at 5% per year and is closely bound to the rewards issued by the validates. However, it adds more offers and exposes solvery or dilution.

In fact, the community’s attempt was to reduce the inflation rate by 80% earlier in the year voted down according to key validators.

Now some community members have expressed Concerns about imbalances and maximize profit maximization using validators and leave applications offering betting services fighting for breadcrumbs.

In the 4th quarter of 2024, the operator of the validator revenues It raced a record maximum of $ 300 million, while the overall revenue of the stacher across the Solana ecosystem reached a maximum of $ 1.59 billion.

In the fourth quarter of 2025, the revenues of the staker reached 1.54 p, which underlines strong demand during the bull.

It remains to see how Solana will solve her inflation and whether the POS system will take care of calling Qureshi.