A few things worth saying plainly: Validators share revenue with delegators, sometimes through private deals on income that should go to the operator alone. Ethereum has the same thing. Validators compete for delegators. There's a market for stake, and it runs on bids. So it's safe to assume the extra revenue from this activity ends up with institutional delegators, whether they know it or not. I want to make that not knowing impossible. Stake should follow the best revenue and clean on-chain behaviour, not revenue alone. Otherwise everyone ends up running @defidevcorp style slot lagging, plus whatever else squeezes out the last bit of yield. As the article shows, this is happening on large nodes, @coinbase among them, which hold institutional stake. This can't be policed at the protocol level, and nobody claims it can. But @SolanaFndn has a role here, not quietly backing these builders, and applying social pressure on them to stop. Tokenized equities now trade on @solana. If a retail order in an on chain stock gets sandwiched inside a single builder's blocks, it's the kind of thing a regulator will ask about. Serious wall street activity won't move on chain until we resolve this. It's better to work this out now. @TimGarcia0 @MaxResnick