Stakeholders have rejected the proposal to significantly change the Solana (Civil) inflation system. However, it is considered an important step in the network governance process.
Multi -Quin Capital co -founder, Taser Jane commented on X 14, “It was technically rejected, but it was a huge victory for Solana’s ecosystem and governance process.”
According to Don Analytics, 910 studies participated in the proposed SIM D228, which was supplied about 74 74 %. However, only 43.6 % voted in favor, against 27.4 %, and 3.3 % absent. Voters’ voters needed more than 66.67 % to vote to vote, but the vote was only 61.4 %.
Jane noted that the vote was “the biggest cryptocurrency governance vote in any ecosystem, China and network, in terms of both participation and market size.
“It was an important test of scaling tensions. It was a social tension test, not technical. And the network endured it despite the combination of different opinions and interests.”
Solana’s official X account claims that “the turnout of SIMD28 was more than any of the US presidential elections in the last 100 years.”
Final count of SIM D228 votes. Source: Sta
What is SIM D228?
The SIM 228 Solana’s inflation system was proposed to be transformed into a market -based, dynamic model than a fixed schedule. Current inflation rates begin at an annual rate of 8 %, and designed to be 15 % decrease each year, which reaches 1.5 %.
The purpose of this proposal is to adjust to the rates of stabilizing inflation, which makes it a more flexible system that is not bound by a fixed reduction schedule. Some estimates also show that the new scheme can reduce inflation by up to 80 %.
Solana Compass says Solana’s inflation rate is currently 4.66 %, with only 3 % of the total supply.
Schedule of Solana’s inflation rate: Hellus
If this proposal was adopted, it would have many benefits. For example, if the stacking participation rates decrease, the inflation rate can be increased by dynamically adjusting the network safety. In addition, this system allows flexible adjustments to inflation rates according to real -time stacking conditions rather than fixed schedules, making it easier to adopt market conditions. In addition, it is expected that it will promote the use of civil definition and encourage more active use.
On the other hand, there were some concerns. Low inflation rates can reduce revenue revenue of small studies and make network participation difficult. It is also possible that the introduction of new models will increase the complexity of the system and increase operational burden. In addition, it was also pointed out that if the stacking rate suddenly causes volatility, it can create difficult forecasts and unstable conditions.
After the results of this vote, there were no major changes in SOL prices, but at the time of writing it fell 1.5 % from the previous day, which fell below $ 125.
However, in the past two months, the civil has decreased by about 60 %, which is widely affected by the elimination of the Memicidal bubble. In addition, the Solana network’s revenue has also decreased by more than 90 %, which indicates a cold in the market through the issuance and trade of the meme coin.
