The Solana proposal, known as SIMD-0228, which aims to significantly reduce SOL’s inflation rate, had the support of 37.8% of network validators at press time.
According to Dune Analytics, 746 validators, representing nearly 58% of the total 1,334 active validators, have voted on the proposal.
Of those, 37.8% supported it, 18.5% opposed, and 1.2% abstained. As of now, the proposal appears likely to fail. Voting is set to conclude at Epoch 755 in about 11 hours.
The proposal advocates for a market-based token emission mechanism, aiming to avoid overpaying for network security. It’s anticipated to positively impact Solana-based decentralized finance and boost liquidity in on-chain SOL markets.
