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SIMD-228 Proposal to Cut Inflation Rate Fails to Password
The SIMD-228 proposal to reform the inflation rate failed to pass in the voting system.
The proposal aimed to change the inflation system from pre-set to a dynamic based on staking participation.
The Solana community agreed to introduce the SIMD-228 proposal to change its current inflation rate system. After the final vote today, the proposal failed to pass with only 61.4% votes. Despite the rejection of the proposal, the Solana voting system is garnering attention across the industry.