🔁Mario Nawfal:
🚨🇺🇸 SOLANA INFLATION REFORM FAILS—SMALL STAKERS REBEL AGAINST BIG INVESTORS
A major push to overhaul Solana’s inflation model collapsed after validators rejected SIMD-0228, a proposal to slash staking rewards from 4.7% to 1%.
The heated vote saw small-time validators revolt against Solana’s power players, fearing economic devastation.
Big investors argued the reform was necessary to boost SOL’s price by limiting supply, but opponents called it reckless and rushed.
The dramatic last-minute vote, with 66% validator turnout, exposed deep rifts between Solana’s whales and its grassroots operators.
Reformers vow to return with a compromise, but for now, Solana’s high staking emissions remain.
Source: CoinDesk
https://x.com/MarioNawfal/...
🚨🇺🇸 SOLANA INFLATION REFORM FAILS—SMALL STAKERS REBEL AGAINST BIG INVESTORS
A major push to overhaul Solana’s inflation model collapsed after validators rejected SIMD-0228, a proposal to slash staking rewards from 4.7% to 1%.
The heated vote saw small-time validators revolt against Solana’s power players, fearing economic devastation.
Big investors argued the reform was necessary to boost SOL’s price by limiting supply, but opponents called it reckless and rushed.
The dramatic last-minute vote, with 66% validator turnout, exposed deep rifts between Solana’s whales and its grassroots operators.
Reformers vow to return with a compromise, but for now, Solana’s high staking emissions remain.
Source: CoinDesk
https://x.com/MarioNawfal/...
2 months ago
