Unsuccessful vote on reducing Solana's inflation by 80% in a pivotal poll. Learn about the impact and concerns from validators.
In a remarkable display of blockchain governance, the proposal SIMD-228 to reduce Solana’s inflation rate by 80% fell short of reaching the required threshold despite unprecedented participation. In this poll that attracted over 74% of eligible stakers, with 61.39% positive votes, it lagged behind the 66.67% threshold needed. Smaller validators disrupted the balance with their negative votes. Concerns from this group included reduced staking rewards and a potential network exit. Conversely, larger validators supported the proposal, arguing that a lower inflation rate would help strengthen the long-term value of SOL.
