According to Foresight News, Solana validators have commenced voting on the SIMD-0228 proposal, which could impact network inflation. Data from Dune indicates that 7.3726% of votes are in favor, 1.1791% are against, and 91.4481% have yet to vote. The voting period will conclude at epoch 755.
Previously reported by Foresight News, the SIMD-0228 proposal was authored by Tushar Jain and Vishal Kankani of Multicoin Capital, with support from Anza's Chief Economist Max Resnick. The proposal suggests adjusting the SOL issuance rate to a market-based solution. It includes measures such as reducing issuance if the SOL staking rate exceeds 50%, thereby lowering yields to deter staking. Conversely, if the staking rate falls below 50%, issuance would increase to boost yields and encourage staking. The minimum inflation rate is set at 0%, while the maximum will follow the current Solana issuance curve.
