The proposal to dramatically change Solana’s inflation system was rejected by stakeholders, but is welcomed by the victory of the network of the network.
TUSHAR JAIN, co -founder of Multicoin Capital, said, “Although our proposal was technically technically defeated by voting, this was the main victory of the Solana ecosystem and governance process.
According to Dune Analytics, about 74%of the steak supply voted for the SIMD-228 proposal for 910 validated tests, but only 43.6%voted for this and voted with a 27.4%vote and a 3.3%abstention. 66.67% of the votes were required and only 61.4% received.
Jain added that this is the largest encryption governance vote by both the number of participants in all ecosystems, chains or networks and the total market cap.
“This was a meaningful scaling stress test rather than social and stress tests rather than technical and stress tests, and the network passed despite the extensive stratification of opinions and interests.”
The team behind Solana’s X account said, “The Solana SIMD-228 voter turnout has been higher than all US presidential elections in the last 100 years.
SIMD-228 final vote. source: sand dune
The SIMD-228 is a proposal to change Solana’s (SOL) inflation system from a fixed schedule to a dynamic market-based model. Instead of reducing the preliminary settings of inflation, this new system is dynamically adjusted according to the staying participation.
Currently, supply inflation starts with 8%annually and decreases by 15%every year until it reaches 1.5%. According to some estimates, new mechanisms may have reduced to 80%. According to Solana Compass, Solana inflation is currently 4.66%and only 3%of the total supply is promoted.
However, these high inflation can increase sales pressure, lower the price of SOL, and interfere with network use. The proposed system adjusted the inflation according to the staying level to stabilize the network and minimize the issuance of unnecessary tokens.
Solana’s current inflation schedule. source: Helios
According to the Solana Developer tool provider Helius, if the stage King participation decreases, the inflation will increase dynamically, the reaction to the real -time staying level, and the more active use of the SOL in Defi will include the benefits of dynamically increased benefits.
However, the lower the inflation, the more difficult it was to maintain a profitability, the more the proposed models increased the complexity, and the unexpected percentage could have caused instability.
relevant: Solana price of less than $ 100? The cross price of death is a 30% reduced hint.
There was almost no response to the SOL price, and the assets fell less than $ 125 at the time of writing 1.5% on that day.
However, as the Memecoin Bubble burst, it was tank almost 60% in just two months. Solana Network Revenue has fallen more than 90% because it was mainly used to mint and trade Memecoins.
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