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BlazeStake

avoid.net/blazestake→77/100·68% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 73 → 77. Problems weighed by who is responsible: concerns that are not fraud −12.8, problems around the subject, caused by others −1.2; legitimacy credit long-running +8, audits +8; 1 section(s) set aside until a failed fact-check is resolved. Version history →

Why this score
Every page starts at65
Concerns that are not fraud-12.8
Problems around it, caused by others-1.2
Long-running+8
Audited+8
Sum67
  • 1 section set aside: the claims did not hold up in a fact-check, pending correction.

Score: 77/100 (kept between 0 and 100)

How scoring works →
anchored·wmxCUh…N7Az
last updated 2026-10-10

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

4 entities · 60 linked investigations
Organizations
□Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)□BlazeStake□Solana89
Wallets
◇SPoo1K…kuHy
Relationships
  • SPoo1K…kuHy→mentioned with→BlazeStake(50%)
  • BlazeStake→mentioned with→Solana(80%)
  • Solana→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(80%)
  • Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)→mentioned with→Solana(80%)
  • BlazeStake→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(85%)
Also appears in
Bidao·26Decaf·77Ben Pasternak / Believe / LAUNCHCOIN·26Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15Teraswitch (Solana validator hosting concentration incident)·52Socket Security Malicious Browser Extension Campaign August 2026·2Ansem / $ANSEM ("Black Bull") creator-coin controversy·58Famous Fox Federation·57Aurory·58

Connected Through

2 shared actors · 358 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

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
Recorded on Solana ✓Verify on-chain18 Wayback Archives

Decision Log

  • #5rescore+4Recorded on Solana ✓10/10/2026, 6:50:09 PM
    slot 455370293 · hash HTTfaA1V1KdB2hcXwDghkrdSWhVQKSMN3ZncTPhKmPXE
  • #4reviewRecorded on Solana ✓9/9/2026, 3:05:35 AM
    slot 445508709 · hash 8v8DZ9kotcFJsxiB8unHdX2ZkXsz1z2nGoRZL8vjL4An
  • #3review approveRecorded on Solana ✓6/1/2026, 12:21:11 AM
    slot 423482140 · hash 6FY4tbudt5APHBALqiDoskoCeGwTB1mNnRYzSB1D2WC3
  • #2reviewRecorded on Solana ✓6/1/2026, 12:21:11 AM
    slot 423482133 · hash 7kMKkQntGMTYYfDGomUxEmev4my8QiUFWYYU5kAVSDZN
  • #1publishRecorded on Solana ✓5/31/2026, 8:28:02 PM
    slot 423446837 · hash HbmVMqhrKQYWn7JCy5m13ZwnFw3TeR89ihcSfmGpGKwz

This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 18 of 18 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0724 claims checked1 correction pending0 applied⛓ anchoredSee findings →
full audit log →version history →

model: claude-code-investigator

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

last updated: 10/10/2026, 6:50:09 PM

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