Last January he caused a proposal to manage against the solana. The SIMD-0228 design was actually aimed at changing the soil token inflation mechanisms. This was to take into account the amount of land deposited at stations for dynamically modify the emissions of new land. Unfortunately, the management of Public Affairs does not appreciate this adjustment.
- The proposal of the administration of public affairs, the SIMD-0228, aimed at adjusting the token inflation token Solan, failed to obtain the necessary support for the community.
- In parallel, the design of the SMID-0123, which represents the redistribution of costs to the stakers, approved with the support of 74.91%.
SIMD-0228: To edit the program to Solan?
Like most cryptocurrencies, the soil monitors a predictable and defined emission. So, since its launch, Solana used a Inflation mechanism based on a decreasing curve.
In practice, this mechanism has determined the annual inflation rate 8% of the initialwith a gradual drop to a Minimum set to 1.5%.
And this part wanted to modify the SIMD-0228 design. It suggested to choose for a A dynamic issue rather than set out. The goal is thereforeIntegrate the triggering market conditions into emission calculations.
In short, the proposed mechanism distinguished two cases. On one side, if Less than 50% of the land are stored on stations, Inflation increases To encourage users to bet their chips. Indeed, if inflation increases, it also rewards storage rewards.
On the contrary, if More than 50% of the soil is settled,, Inflation decreases Until it reaches at least 0%. This would protect soil stakes from dilution due to the problem of new tokens.
The community rejects the proposal
Although it caused a stir, this proposal seems to be not the taste of the community.
Indeed, the SIMD-0228 vote began in March and was to reach 66.67% of the positive votes to be accepted.
At the end of the vote, however, this Friday, March 14, The proposal achieved only 43.5% of a positive vote, not enough to accept.
It is important to realize that this remains a majority vote. 27% of potential voters voted against and 3% abstained. In practice, this means that 61.39% of users who voted decided to “Pro”, but this is not enough to achieve a quorum set at 66.67%.
SMID-0123 verified by community
Another main proposal was also voted in parallel. This is SMID-0123 designthat was aimed at introducing a Redistribution of cost for stakes.
Until now, there has not been a mechanism specific to the protocol that allowed validators to distribute part of the costs to delegators. The aim of this proposal is therefore to integrate the redistribution mechanism at the protocol level.
“A new mechanism for distributing block fees for delegated problems is offered that allows Validators to share the income of block costs with their delegates. »»
This The proposal was admitted to 74.91% voters this Friday 14th March.
To face a drop in enthusiasm approximately Solana saw her tvl and several more metrics. This is mainly due to the drastic decrease in the token of the country.