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I see that most LST projects are always just talking about APY numbers, competing over yield rates. But Toby has a different approach— they compete in the infrastructure itself, which is more strategic if I ask.
They have features that are really interesting: validator transaction filtering, reputation-based delegation, and the MEV capture plus sharing mechanism. These are things you don't see in typical LST offerings. It's like a warning example of how modern staking infrastructure should operate—transparency and proper incentives are essential.
Stronger Solana validators really benefit from this setup, making it advantageous for the entire ecosystem. And OpenMEV is key to their long-term vision; that’s the core of their strategy.
This shift from pure yield competition to infrastructure innovation is interesting. It seems like a more sustainable approach compared to the constant APY chasing you see in the market today.