DoubleZero to return 45% of Shred revenue to Solana validators

  • DoubleZero co-founder Austin Federa reaffirmed support for Solana and its validators.
  • DoubleZero returns 45% of Shred-service revenue while serving more than 60% of Solana’s stake.
  • About 75% of Solana validators use DoubleZero, which plans additional Solana services.

DoubleZero co-founder Austin Federa said the project operates the original Shred service at lower cost and returns 45% of its revenue to validators. He dismissed recent FUD (fear, uncertainty and doubt) seen in private chats involving unnamed industry figures, while reaffirming DoubleZero’s support for Solana. The project currently provides free high-speed connectivity to more than 60% of Solana’s staked assets, and about 75% of Solana validators use DoubleZero. Federa said the project plans to introduce more services for Solana.

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