Helius Profile picture
Aug 16 3 tweets 2 min read Read on X
big new release

earn SOL for your transactions!

TL;DR — we help you capture the rewards that your txns generate

important: this is *completely optional* — we only do this if you opt-in

How does it work?

i) you send a txn (buy/sell/swap)

ii) searchers look at a stripped down version of the txn (the searchers are KYC'd + txn has no signature so they can not frontrun or sandwich)

iii) **after your trade executes**, if it generates an arbitrage opportunity—most commonly: updating prices across exchanges—you earn 50% of the rewards!

that's it, no additional malicious MEV risk

there's a lot of misinformation and lack of understanding when it comes to this, so to be clear:

i) this does not affect the user's trade, an arbitrage happens only after the user's trade goes through (unlike other forms of MEV, this is considered "productive MEV" since it helps update prices for users)

ii) this is completely opt-in and will only happen if the developer explicitly commands to do it

iii) this is all verifiable onchain!

iv) this already happens across many venues and ecosystems, and this is one of the first ways where the user/app actually now gets to earn their own rewards!

enjoy!
read the docs for more details here: helius.dev/docs/sending-t…
quick explainer from grok

TL;DR — you should be able to earn the rewards that your txns create instead of being cut out

better prices -> better markets Image

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More from @heliuslabs

Nov 23, 2023
Inscriptions are taking Solana by storm.

Drawing from Bitcoin's BRC-20 standard, SPL20 inscriptions enable the direct on-chain storage of digital art

Still don't understand what's going on? Don't worry, we've got you covered 👇🧵 Image
SPL20 inscriptions are unique Solana addresses that contain images stored directly on the blockchain. This differs from regular NFTs that store their art on a third-party service like Arweave. Now, your images have their own address instead of an HTML link Image
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But how does compression work? What does it even mean?

A brief explainer 🧵
On Solana, on-chain storage is not cheap.

NFT Compression simply refers to the process of storing the bulk of NFT data (such as image URLs, traits, etc) off-chain instead of on-chain.

But, how can we do this while still remaining decentralized and secure?

Via Merkle Trees!
We won't get into the complexities of Merkle trees here (check out our blog post for that).

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Mar 20, 2023
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Reminder: these are devs dedicated to improving the Solana dev experience and will have access to exclusive networking, growth and educational opportunities. They will play a big role for Solana devs.
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Mar 20, 2023
Accounts on Solana and how they differ from Ethereum — explained 🧵 Image
Accounts are ubiquitous on Solana.

You may hear someone refer to their wallet as an account, you may see a developer refer to a program as an account, or you might read that an NFT is stored in a token account.

All are true.

In Solana, everything is an account.
Accounts serve as versatile data storage units capable of holding various types of information, such as tokens, program states (i.e how much money is in an liquidity pool), or NFT metadata.

This flexibility enables developers to efficiently manage on-chain data. 📦
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In this thread, we'll explain everything.
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Solana uses a verifiable delay function (VDF) to coordinate on rotating leaders (for a deep dive, check out our blog).
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To fetch transactions involved with a given address, you invoke a method called getSignaturesForAddress on a Solana validator via an RPC call.

To learn more about Solana RPCs — see our previous post on it:
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