TechFlow reported, according to Fortune magazine, that about 45 of the current 100 employees at Solana Labs are being transferred to a new entity called Anza. This move aims to further decentralize Solana's ecosystem, maintain and improve the existing blockchain infrastructure, and develop additional applications and products.
Jed Halfon, former Head of Strategy and Consul at Solana Labs, serves as Chief Strategy Officer at Anza. Solana co-founder Stephen Akridge and former Head of Operations at Solana Labs, Amber Christensen, have also moved to Anza. Anza is currently funded by grants from the Solana Foundation. Solana Labs holds a 13% stake in the company.
A source familiar with the matter, who requested anonymity, told Fortune that it took the Solana team more than six months after forming Anza to officially launch it, as Solana Labs was debating details around token vesting. Similar to equity vesting, the longer employees work at the company, the more SOL tokens they earn. According to the source, all employees at Solana Labs follow a three-year vesting schedule: no tokens in the first year, one-third of their allocation at the beginning of the second year, and the remainder distributed quarterly over the following two years. Employees who leave may forfeit millions of dollars worth of SOL.
