“If Approved, The Proposal Could Lead to A Sharp Reduction in the Sol Inflation Rate, Potentilly Boosting the Token’s Value.”, – WRITE: www.coindesk.com
Per Dune Analytics, 746 Validators, Equaating to Nearly 58% of the Total Active Validtors of 1334 have voted on the proposal. 37.8% Voted in Favor of the Proposal, 18.5% Were Against, and 1.2% Abstained from Voting. Overall, The Proposal Seemed Headed for a Failure As of Writing. Voting Ends at Epoch 755 Schereduled to Be Reached in About 11 Hours.
The proposal bats for a market-Basted token Emission mechanism to the Network Doesn’s Onchain Sol Markets.
“Since 2023, The Solana Network Has TransFormed Significantly. Back Then, on-Chain Volumes Were of Fethen Below $ 100 Million Daily, Reflection Limited Activity. Toiday, The EcosySytem Constem. On-Chain Volume, Marking A Dramatic Shift. Frictionless Capital, SAID ON X.
Per Some Estimates, The Proposal Could See Sol’s Inflation Rate Slide from 4.5% to AROUND 0.87%, an 80% Reduction.
Tagus Capital Expects That To Have A Positive Impact On Sol’s Price.
“IF Approved, It Wuldy Significantly Reduce Staking Rewards and Fresh Sol Supple, Potentally Boosting ITS VALU Decentralization, “The FIRM SAID IN THE NEWSLETER Thursday.
“However, Lower Rewards Could Force Smaller Validtors Out, Raising Conceerns About Network Decentralization,” The FIRM ADDEDED.
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