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BlazeStake

avoid.net/blazestake→73/100·68% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·wmxCUh…N7Az

Summary

BlazeStake, operated by the pseudonymous SolBlaze team, is a non-custodial Solana liquid staking protocol that issues bSOL against SOL delegated across 200+ validators. It runs on Solana Labs' audited stake-pool program, discloses eight third-party audits of that shared program, and is described by its own documentation as governed by an ecosystem multisig overseen by the Solana Foundation, though the composition of that multisig and specifics of admin-key controls are not publicly itemized in available sources. No hacks, exploits, or regulatory actions against BlazeStake specifically have been found. The most material adverse event on record remains the April 2024 public dispute with MarginFi over reward-token distribution, which was reportedly resolved; a March 2026 joint SEC/CFTC statement classifying liquid staking as generally non-securities activity reduces regulatory tail risk for the category as a whole.

Connected Entities

2 entities
Wallets
◇SPoo1K…kuHy
Organizations
□BlazeStake
Relationships
  • SPoo1Ku8WFXoNDMHPsrGSTSG1Y47rzgn41SLUNakuHy→mentioned with→BlazeStake(50%)
  • + 4 more
Have evidence about BlazeStake?

Timeline(6 events)

May 2022

BlazeStake liquid staking protocol launches on Solana, issuing bSOL against pooled SOL delegated across a broad validator set (date approximate, per prior AVOID.NET investigation and general project history).

Solana Compass project review

10 April 2024

SolBlaze publicly accuses MarginFi of failing to distribute BLZE emissions to depositors and of dumping SolBlaze governance-token airdrops; the accusation surfaces the same day MarginFi co-founder Edgar Pavlovsky announces his resignation.

CoinDesk

11 April 2024

MarginFi sees reported outflows exceeding $200 million amid the leadership shakeup and public dispute with SolBlaze; MarginFi's engineering team later acknowledges the reward-distribution oversight and commits to reimbursing affected users.

Decrypt / The Block

5 August 2025

SEC issues a statement indicating liquid staking activities generally do not involve the offer and sale of securities, absent fixed/guaranteed rewards — a category-wide clarification relevant to BlazeStake and other Solana LST issuers.

SolanaFloor

17 March 2026

SEC and CFTC reportedly issue a joint interpretive statement classifying SOL as a digital commodity and stating that solo, self-custodial, custodial, and liquid staking models generally do not constitute securities transactions.

Phemex

8 August 2026

BlazeStake's tracked TVL stands at approximately $69.4 million per DeFiLlama's on-chain data feed.

DeFiLlama API
Provenance & Audit Trail
Anchored on SolanaVerify on-chain18 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 18 of 18 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

generated: 5/31/2026, 8:27:58 PM

last updated: 8/9/2026, 9:34:04 AM

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