- The rejection of SIMD-0228 by the Solana community shows its prioritization of decentralization and market stability.
- Unimpressed by the decision, the SOL course rose by 9% and proves the good atmosphere in the market and the still unbroken confidence in the solana work.
The Solana community recently faced a crucial moment when the Solana Improvement Document 0228 (SIMD-0228) was proposed, according to which the project’s fixed inflation plan had been switched to a dynamic model. As CNF reported, the proposal missed the required two -thirds majority with a consent of only 43.6 %.
The change would have adapted the issue of new SOL-TOKEN on the basis of the percentage share in the overall offer, which could possibly have an impact on the incentives for validers and the tokenomics of the network as a whole. Solana founder Anatoly Yakovenko contacted one Tweet speak:
“The Solana government must be quick and determined.
Reaction of the community
The proposal triggered a detailed debate in the community. Causes regarding possible centralization were expressed, as smaller examiners feared that they could be disadvantaged by the new model. In addition, some members of the community feared the complexity and possible unintentional consequences of the introduction of such a dynamic system.
The coordination process for SIMD-0228 was characterized by an unprecedented commitment: over 74 % of the validers took part-proof of the commitment of the community for the future of the network. Ultimately, the proposal was rejected, which reflects the cautious approach of the community to the change in fundamental economic structures.
Yakovenko emphasized the importance of a rapid and determined governance. He emphasized that the quick solution of such proposals enables the community to distribute resources more effectively and to focus on the refinement and improvement of future initiatives. Yakovenko explained:
“How quickly the ecosystem iserated is more important than ensuring that every proposal is accepted.”
Market reaction and development of the SOL Prize
Interestingly, the rejection of SIMD-0228 coincided with a 9 %increase in the SOL course, which brought it over $ 130 again. This indicates that investors understood the decision as a commitment to maintain the stability and decentralization of the network.
At the moment, the price of Solana is $ 128.43, which means a decline of 4.69 % in the last 24 hours and an increase of 1.26 % last week.
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