🙈 Unfortunately, last night Sol was just 0.1% away from victory!

The governance proposal SIMD-0228 for Sol failed to pass by a narrow margin (Yes votes 61.39%, needed 66.67%). The proposal aimed to significantly reduce the SOL inflation rate by 80% through a dynamic adjustment mechanism.

Although the proposal failed, there is still good news for the market: the SEC has accepted Franklin Templeton's application for a spot SOL ETF, and CME will launch Sol futures on March 17, paving the way for subsequent compliance processes. #solana $SOL