# Solana Foundation

**Type:** Non-profit organization  
**Status:** Active  
**Domain:** Internet Finance  
**Founded:** 2017  

## Overview

The Solana Foundation is the non-profit organization supporting the development and growth of the Solana blockchain ecosystem. It provides grants, coordinates ecosystem development, and manages security initiatives.

## Timeline

- **2026-04-07** — Launched SIRN (Solana Incident Response Network) and STRIDE security programs in response to $270M Drift Protocol exploit; SIRN is a membership-based network of security firms (founding members: Asymmetric Research, OtterSec, Neodyme, Squads, ZeroShadow) for real-time crisis response with established contacts at bridges, exchanges, and stablecoin issuers; STRIDE provides structured evaluation for DeFi protocols with >$10M TVL (ongoing monitoring) and formal verification funding for protocols >$100M TVL

## Notes

The Foundation's April 2026 security response addressed coordination (SIRN) and evaluation (STRIDE) layers but did not propose protocol-level changes to address the durable nonce vulnerability that enabled the Drift exploit.