Solana News: Solana Proposal, Which Could Cut SOL Inflation by 80%, Gains Limited Validator Support

Solana News: Solana Proposal, Which Could Cut SOL Inflation by 80%, Gains Limited Validator Support

The Solana proposal, called SIMD-0228, which could cause a drastic drop in SOL's inflation rate, had the support of 37.8% of the network validators at press time.Per Dune Analytics, 746 validators, equating to nearly 58% of the total active validators of 1334 have voted on the proposal. 37.8% voted in favor of the proposal, 18.5% were against, and 1.2% abstained from voting. Overall, the proposal seemed headed for a failure as of writing. Voting…

Solana Community Says NO to Dynamic Inflation Model in Historic Vote - Crypto Economy

TL;DR Proposal Rejected: Solana voters turned down the SIMD-228 proposal, opting to keep the fixed inflation model for SOL tokens. Dynamic Model Idea: The proposal aimed to adjust inflation based on staking rates, potentially making the inflation rate inversely related to staking participation. Historic Vote Outcome: With 74% participation from 910 validators, the proposal reached only 61.4% in favor—falling short of the 66.67% approval thresho…

SIMD-228, a proposal that seeks to reduce the Sun's inflation rate by 80%, failed to meet the voting threshold required for its approval after many small validators voted against. According to SIMD's state of voting, 61.39% of voters supported the SIMD-228 governance vote, which [...] The entry SIMD-228 Solana proposal to reduce the Sun's inflation rate rejected was first published in La Cryptocurrency.

Solana's ambitious plan to slash inflation rate by 80% falls short

Unfortunately, the Solana proposal to decrease the inflation rate did not succeed in passing. This decision was met with disappointment by many community members who were hoping for a reduction in the inflation rate. The proposal aimed to address concerns about the inflation rate on the Solana network, which currently stands at 8%. Some community members believe that this high inflation rate could lead to devaluation of the SOL token over time. …

Solana proposal to cut inflation rate by up to 80% fails to pass

A proposal to dramatically change Solana’s inflation system has been rejected by stakeholders but is being hailed as a victory for the network’s governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on March 14.Around 74% of the staked supply voted on proposal SIMD-228 across 910 validator…

Solana (SOL) Bounces Back: Will It Reach $500 or Face Another Crash?

After falling more than 15% last week, Solana (SOL) has staged a strong recovery. SOL trades at $126.80 at the time of writing, marking a 2.12% intraday gain. The cryptocurrency’s market capitalization now stands at $64.24 billion, with a 24-hour trading volume of $3.42 billion. This sudden rebound has raised questions: Why is Solana surging today? Let’s examine the key factors behind this recovery and what lies ahead for SOL. Why Is Solana Risi…