Symd-228 Solana Proposal for reducing inflation rate refused

The SIMD-228, a proposal that strives to reduce inflation rate by 80%, failed to meet the requested votes for approval after they voted many small validators against it.

According to the status of the SMID voices, 61.39% of the voter supported SIMD-228 management vote, which was less than 66.67% required for approval. With the record 74% turnout until the end of the vote 13. Marta, it was the largest crypto voice management ever in terms of market value and participation.

The voting sample revealed a period among the members of the network despite the high engagement. More than 60% of smaller rollers with 500,000 solanes (Salt) or less votes against the proposal. Validators with larger stakes, on the other hand, are flooding it, indicating that the proposal would affect different groups.

The current inflation system in Solana strikes the balance between the fee for burning transactions and generating the awards for putting. More fees burned during the period of high network activity, which helps maintain inflation under control.

However, fewer tokens are removed from circulation because transaction costs have fallen. Meanwhile, at the rate of inflation of 4.7%, the installation of prizes continues to add a new salt to the market. Goal Sim-228 It was to reduce the putting of a reward, which would slow down the growth of SOL offer and potentially increases its value.

According to the proposal, inflation would fall below 1% on the current 65% of the cattle. However, smaller validators would have difficulty The remaining profitable, which many of them charge a little no commission. If they left them enough, the decentralization of Solan could weaken, raising concerns about long-term stability.

Although the SIMD-228 failed, a different proposal, SIMD-123, has passed almost 75% support. This modification will allow validators to arrange awards, allowing them to share part of their salaries with stakeholders through a chain system. According to the findings of the concluded voting, the network participants prefers to change the validity incentives due to reducing inflation.