Solana, a popular blockchain network, has implemented an update that redirects all optional priority fees paid by users to the validators running the blockchain. This change has caused the median priority fee to drop by 40%, making liquid staking tokens (LSTs) the highest-yield option for validators to share rewards with stakers. LSTs are tokenized claims to a share of the yield generated by a pool of staked SOL. Sanctum, an LST provider, is creating an LST for every validator on the network, increasing the total number of LSTs to over 1,000. While LSTs have seen increased yields, there are concerns about the need for trust in validators and potential tax implications for SOL holders converting native stake into LSTs.



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