Solana 的“退休”验证者仍以 15% 的活跃股份进行投票

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Solana’s “retired” validators still vote with 15% of active stake

SOL 5.43% · 24h

Solana’s “retired” validators still vote with 15% of active stake

CryptoSlate matched 31 validators marked retired from the program to active vote accounts. Two accounted for just over half of the cohort’s stake.

By Liam 'Akiba' Wright

Editor-in-Chief • CryptoSlate

Nov. 15, 2026 at 4:00 am GMT 2 min read

Quick Take

1. 01 CryptoSlate found 31 validators marked retired from the Foundation’s program still voting with about 15% of active stake in a Nov. 14 snapshot.
2. 02 The two largest identities held 52.5% of the retired cohort’s stake, limiting conclusions about smaller validators’ prospects.
3. 03 The Foundation’s FAQ and delegation criteria list different thresholds for retirement based on outside stake.

Thirty-one Solana validators marked “Retired” by the Solana Foundation’s delegation program were still voting in a Nov. 14 snapshot. They carried 63 million SOL in delegated stake, about 15% of active stake in the voting accounts CryptoSlate examined.

The finding sharpens the question facing smaller validators under the Foundation’s published 12-month membership model: whether they can replace program support with other delegation.

A funding exit can leave voting stake intact

CryptoSlate compared the Foundation’s participant register with voting data from Solana’s mainnet RPC endpoint , captured at approximately 05:15 UTC on November 14, 2026. The accompanying epoch response placed the observation at epoch 1086.

CryptoSlate identified 31 retired-program validators in current vote accounts with active stake. They carried 63 million SOL of the 429 million SOL across 663 such accounts, or 14.8% using the unrounded amounts.

Those SOL totals describe stake delegated to the voting accounts, rather than the validators’ beneficial ownership of the tokens. The denominator is the selected current voting set, rather than SOL’s circulating supply or the Foundation’s own stake.

The result establishes participation at the observation time. It does not establish that these validators retired under the current membership rules, or that the published membership rules caused their continued operation.

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The Foundation’s delegation FAQ defines retirement as the end of membership in the Solana Foundation Delegation Program, or SFDP, and says retired validators no longer receive its stake delegations. It also says retirement is not a penalty or performance violation, and validators may continue operating on the permissionless network.

The FAQ describes a 12-month term measured from the first epoch a validator was eligible for a Foundation delegation on mainnet. It also specifies retirement when stake from outside SFDP exceeds 300,000 SOL and offers retiring or retired members an application route for renewal.

The Foundation publishes two different thresholds. Its delegation criteria still say a validator retires above 1 million SOL in outside stake, while the FAQ says 300,000 SOL. The criteria’s current mainnet table is labeled epoch 1085; neither page resolves which cutoff the Foundation applies in practice.

Program status, eligibility and actual funding also need to remain distinct. Approved onboarding makes a validator eligible for support, while performance requirements govern delegation and stake can take epochs to become active. Membership status alone therefore cannot identify how much Foundation stake an individual validator received.

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Smaller validators face a different test

The active retired cohort is concentrated: its two largest identities accounted for 52.5% of the cohort’s stake. Fourteen of the 31 identities had less than 300,000 SOL of total activated stake. That is a different measure from the FAQ’s external-stake threshold, and neither figure establishes profitability.

Inspect the two published thresholds

Inspect the two published thresholds

The FAQ states retirement above 300,000 SOL of external stake. The criteria page publishes a different threshold.

The criteria page states retirement above 1 million SOL of external stake. The FAQ publishes a different threshold.

Program retirement and network participation are separate measures.

The FAQ and epoch-1084 criteria publish conflicting external-stake thresholds. Neither page establishes uniform implementation. The diagram explains program definitions, not individual funding flows or future survival.

Sources and evidence

Sources

1. Solana Foundation FAQ
2. Delegation criteria, epoch 1084

Supporting facts

• Reported statement The Foundation FAQ defines Retired as membership in the Solana Foundation Delegation Program having ended and says retired validators no longer receive its stake delegations; it explicitly allows them to continue operating on Solana’s permissionless network. [1]
• Reported statement The Foundation FAQ describes membership lasting 12 months from the first epoch of eligibility for a mainnet Foundation delegation, retirement when outside stake exceeds 300,000 SOL, and an application route for renewal. [1]
• Reported statement The Foundation’s epoch-1084 criteria page still specifies a 1,000,000-SOL external-stake ceiling and retirement above that amount, conflicting with the FAQ’s 300,000-SOL threshold; the captured documents do not establish which threshold is uniformly implemented. [1] [2]

Method

Categorical routes map the FAQ’s retirement definition, permissionless continuation and renewal route. The selectable published-threshold views use a common zero-to-1-million-SOL scale; FAQ marker is 30% along the scale. Views compare documents, not before/after implementation.

Scope

The FAQ and epoch-1084 criteria publish conflicting external-stake thresholds. Neither page establishes uniform implementation. The diagram explains program definitions, not individual funding flows or future survival.

Infographic by CryptoSlate

The Foundation’s delegation dashboard illustrates why validator counts and stake weight tell different stories. At epoch 1084, it reported support for 326 validators, or 47% of validators, with 23.77 million SOL of program stake, approximately 5% of total staked SOL.

The dashboard’s rounded epoch-1084 funding figures are separate from the epoch-1086 voting measurement and its denominator. Support can reach a substantial share of validator identities while representing a much smaller share of network stake.

Solana’s 250ms data shows lower-stake validators lost a larger share of reward-linked vote credits

CryptoSlate’s April 2025 coverage of delegation reform described an earlier push to reduce dependence on Foundation support. Follow CryptoSlate’s ongoing Solana coverage for further developments.

For SOL delegators, the consequential signal is whether smaller validators approaching retirement retain voting participation and attract replacement stake. The 31 active retired identities show that continued operation is possible. Their aggregate stake cannot establish a survival rate for future retirees, or show that decentralization and network safety are unaffected.

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