The Solana proposal, called SIMD-0228, which could cause a drastic decrease in SOL’s inflation rate, had the support of 37.8% of the network validators at the time of the press.
Per Dune Analytics, 746 Validators, equivalent to almost 58% of the total active validators of 1334, have voted on the proposal. 37.8% voted for the proposal, 18.5% were against, and 1.2% failed to vote. In general, the proposal seemed to be on the way to a failure from writing. The vote ends at Epoch 755, which is planned to reach about 11 hours.
The proposal bats about a market-based token emission mechanism to ensure that the network does not pay for security for security and is expected to have positive effects on Solana-based decentralized financing and increase liquid onchain solar markets.
“Since 2023, the Solana network has transformed significantly. Back then, volumes on the chain often were below $ 100 million daily, reflecting limited activity. Today, the ecosystem consistently achieves billions of daily on-chain volume that mark a dramatic shift. Considering this progress, we now mean the appropriate moment to reduce inflation rate in line with SIMD-228,” Logan, ” Jastremsk friction -free capital, said at X.
In accordance with some estimates, the proposal could see Sol’s inflation rate slip from 4.5% to approx. 0.87%, a reduction of 80%.
Tagus Capital expects it to have a positive impact on the sun’s price.
“If it is approved, it would reduce the poor wages and fresh sun -supply significantly and potentially increase its value. However, lower rewards can force smaller validators and raise concerns about network decentralization,” the company said in the newsletter on Thursday.
“However, lower rewards could force smaller validators and raise concerns about networking decentralization,” the company added.
