Solana’s high staking rewards will live to inflate SOL another day.
A contentious effort to reform the blockchain network’s generous inflation regime flopped on Thursday after supporters of SIMD-0288 failed to garner the supermajority they needed to implement the major economic change.
The surprise result delivered a blow to the Solana power brokers who rallied to replace Solana’s static inflation mechanics with a market-based system. Their proposal likely would have cut the network’s 4.7% annual staking rewards down to 1% or less.
In a contest that pitted Solana’s influential leaders and investors – who claim the network’s high staking rewards are bad for SOL’s price – against small-time operators who feared the effects of a big cut to their revenue, the opposition rallied hardest on Thursday, as late-voting validators’ ballots broke heavily in favor of „no.”
That was enough to scuttle the first major attempt at lowering Solana’s uncommonly high staking emissions rate. Among the m
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