SIMD-228 proposal, which aims to cut SOL inflation by 80%, has gained 35.7% support from Solana validators so far.
According to data from Dune Analytics, 701 out of the 1327 active Solana (SOL) validators have voted. 1.2% have abstained, 17.2% are against the proposal, and 37.5% are in favor. If SIMD-228 were approved, it would drastically cut staking rewards, reducing the amount of fresh SOL tokens entering circulation.
There have been some concerns about how this would affect the network’s decentralization, even though it might lessen selling pressure. Currently, Solana’s inflation models depend on striking a balance between transaction fee burning and staking rewards.
More fees are burnt during periods of heavy network traffic, which helps to counter inflation. However as transaction costs have decreased, fewer tokens are being removed from circulation. Staking incentives keep adding fresh SOL supply…
