As reported by Odaily, the Solana community has proposed a new governance plan, SIMD-0411, which aims to double the inflation reduction rate from -15% to -30%. This would bring the inflation rate down from 4.18% to 1.5% by 2029, three years earlier than previously projected. The proposal, introduced by community contributors Lostin and helius Dev Ichigo, is currently in the governance discussion phase and will soon enter voting. It is a simplified version of the earlier SIMD-0228 proposal, which failed due to complexity and community opposition. SIMD-0411 focuses on a single parameter adjustment, aiming to reduce the total SOL supply by 22.3 million tokens over six years, equivalent to $3.12 billion at current prices. While some community members support the move for its simplicity and predictability, others are concerned about the impact on staking rewards and network decentralization.
Solana Proposes Doubling Inflation Reduction Rate to 30%
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