BlazeStake
Summary
BlazeStake is a non-custodial Solana liquid staking protocol operated by SolBlaze, launched in May 2022, that issues bSOL tokens to depositors in exchange for staked SOL distributed across 200+ validators. The protocol uses the official Solana Labs stake-pool smart contract, which has received seven external security audits from five firms; upgrade authority is controlled by an ecosystem multisig overseen by the Solana Foundation. The team operates pseudonymously and the protocol has no disclosed regulatory actions or hacks, though it was involved in a publicized partnership dispute with MarginFi in April 2024.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2021-10-01
Kudelski and Quantstamp complete first security audits of the Solana Labs stake-pool program used by BlazeStake.
BlazeStake Audits Documentation2021-12-01
SolBlaze project founded; roadmap planning initiated per Solana Compass founding date record.
Solblaze on Solana — Solana Compass2022-05-01
BlazeStake stake pool launched on Solana mainnet.
Comparison of Solana ecosystem liquid staking projects — Gate.com2022-11-24
Custom Liquid Staking (CLS) feature introduced, enabling depositors to direct their stake to specific validators while receiving standard bSOL tokens. Described as the first such feature on Solana.
Custom Liquid Staking — BlazeStake Docs2023-01-01
Three additional audits completed by Neodyme, Halborn, and OtterSec on the spl-stake-pool program, bringing the total audit count to five.
BlazeStake Audits Documentation2023-11-01
Neodyme completes a fourth audit of the stake-pool program, bringing the total to seven audits across five firms.
BlazeStake Audits Documentation2023-12-01
BlazeStake TVL exceeds $278 million, making it one of the top five protocols on Solana by TVL at the time.
BlazeStake: Powering Liquidity Staking on Solana — Medium2024-04-11
SolBlaze publicly suspends BLZE emissions to MarginFi, alleging bad faith over unpaid emissions distribution and governance token dumping. MarginFi CEO Edgar Pavlovsky resigns the same day amid broader controversy; platform sees ~$155 million in withdrawals.
MarginFi Leader Resigns on Fiery Day for Major Solana Lender — CoinDesk2026-02-08
bSOL market capitalization reported at approximately $91 million; approximately 1 million SOL staked in the pool across 143 active validators.
Which Solana LST Has the Highest APY in 2026? — StakePointDecision Log
- hash: 6FY4tbudt5APHBALqiDoskoCeGwTB1mNnRYzSB1D2WC3
- hash: 7kMKkQntGMTYYfDGomUxEmev4my8QiUFWYYU5kAVSDZN
- hash: HbmVMqhrKQYWn7JCy5m13ZwnFw3TeR89ihcSfmGpGKwz
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 8:27:58 PM
last updated: 6/1/2026, 12:21:11 AM
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