Big Ideas for Solana

Idea #1: Sovereign Staking Infrastructure

Rex St John
2 min readApr 26, 2024

In the next cycle, the global south will be forced to defect from the United States dollar. The strength of the dollar will make sovereign debt too expensive to pay in local currencies, forcing many in the Global South like Argentina, El Salvador and Nigeria to leave the USD. Attempts to introduce local currencies by central banks will likely face significant challenges.

Mining Bitcoin and holding Bitcoin in cold storage at the national level is the starting point. Soon, I believe that nations will begin to operate their own sovereign validator nodes and handle their own payments.

The majority of money sent to most South American countries comes from remittances from America. These payments running on mobile phones, possibly on Solana + USDC represent an interesting place for El Salvador and other nations to invest.

I imagine a world where every Global South nation operates “sovereign staking infrastructure” and handles these payments locally, collect fees and generate staking income from citizens.

Idea #2: Stake-weight Citizenship

Once Global South nations operate their own validator infrastructure, the next step would be to offere citizenship to anyone staking $10K — $100K to a national validator node.

This generates income for the state and incentivizes innovation and digital travelers.

Idea #3: Solana Prime

I believe Solana should introduce a network citizenship. Core projects in Solana can operate citizenship nodes and offer tiered benefits including retirement, healthcare, passports, Helium phone coverage and more by way of a partner network with Praxis and others.

A $10K+ stake in a network citizenship node will represent a form of Solana Nation loyalty. I believe such stakers should be prioritized for airdrops.

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Rex St John

Exploring the intersection between AI, blockchain, IoT, Edge Computing and robotics. From Argentina with love.