As promised, I’m sharing with the community all the data from our research.
I’m fully aware that, upon close inspection, you’ll likely find some flaws — both in the methodology and in the results. That’s perfectly fair. But let me be clear: correcting these issues will only increase the amount of estimated losses for Marinade and its stakers. Our goal was to present a straightforward and transparent way to estimate minimum losses. A more detailed and precise analysis, in my opinion, should be conducted by the Marinade team themselves.
Let me repeat — the purpose of this research is to draw attention from users, stakers, validators, the Marinade team, and the Solana Foundation to this issue, so that everyone can review the data and draw their own conclusions.
As you’ll see — and this may surprise some of you — one of the names in our Top 100 list of validators who caused the most damage to Marinade is Diman
(Diman2GphWLwECE3swjrAEAJniezpYLxK1edUydiDZau, ranked #76).
I trust this validator 100%. He has consistently operated with a bid of 0 since epoch 652 and never attempted to manipulate the system.
In his case, I strongly believe the fault lies with Marinade’s mechanism, not with the validator.
However, the methodology is blind to personal intentions — and we believe it would be unethical to remove entries from the list just because we “believe” they’re honest. The data speaks for itself.
And I’m fairly certain Diman isn’t the only one in this situation. There are likely more.
But identifying them properly and handling such edge cases should be the responsibility of Marinade or whoever is accountable for this system.
Someone has to take ownership of this situation.
This can’t just be swept under the rug.