TechFlow news, March 13 — According to CoinDesk, the Solana proposal SIMD-0228, aimed at significantly reducing SOL's inflation rate, currently has support from only 37.8% of network validators.
Data shows that out of 1,334 active validators, approximately 58% (746) participated in the vote, with 37.8% voting in favor, 18.5% opposed, and 1.2% abstaining. The voting will conclude in about 11 hours at the end of cycle 755, and the proposal currently appears headed for failure.
SIMD-0228 advocates establishing a market-based token issuance mechanism, which is expected to positively impact decentralized finance on Solana and promote on-chain SOL liquidity markets. If approved, SOL’s inflation rate could drop from 4.5% to approximately 0.87%, an 80% reduction, potentially boosting SOL’s value.
