Our $5M Seed Round and the Future We Are Building for Solana Staking

Ushering in a New Phase for Solana Staking

More than 75 billion dollars in SOL sits in native stake accounts that have remained largely unchanged since the earliest days of the network. These accounts secure Solana, but they don’t give validators or stakers the tools they need to define terms, price yield, or participate in a market that reflects their preferences.

As institutional participation in staking Solana grows and delegation programs scale back, the limitations of the existing system are becoming clear. Validators compete almost entirely on commission rates. Stakers lack meaningful ways to manage or exit positions. Builders have no standard for expressing or composing staking economics.

Pye was created to build the next phase of Solana’s staking layer, where reward structures are programmable and staking behaves like a market.

Introducing Programmable Staking on Solana

Pye enables validators to issue fixed-term, programmable staking positions directly on-chain. These positions define their own economics. Validators can set term lengths, reward splits, and lockups. Stakers gain clarity on expected returns and the ability to trade positions before maturity without initiating an unstake.

Each Pye position is separated into two components:

• Principal component that represents the staked SOL redeemable at maturity
• Rewards component that represents future claims on staking rewards

By separating these components, Pye makes it possible to define, price, and trade staking rewards in ways that the native account model cannot support. This is the foundation of a real market for staking yield.

1. Validators gain predictable revenue.
2. Stakers gain flexibility and better outcomes.
3. Builders gain a new financial primitive for the ecosystem.