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Solana Governance Proposal Seeks to Transform $SOL into ‘Ultra-Sound Money’

A new Solana governance proposal could transform $SOL into a deflationary asset. Submitted by Multicoin Capital Executives, SIMD-0228 aims to implement a new programmatic $SOL emission schedule, optimizing blockchain economics and reducing token inflation.

Multicoin’s proposal aims to take advantage of validators’ diminishing reliance on staking emissions. Factoring in the network’s burn rate, SIMD-0228 could help $SOL’s transition into a deflationary asset.

What is SIMD-0228, and will it help Solana steal Ethereum’s ‘Ultra-Sound’ Money title?

Solana Governance Proposal Seeks to Transform $SOL into ‘Ultra-Sound Money’

A new Solana governance proposal could transform $SOL into a deflationary asset. Submitted by Multicoin Capital Executives, SIMD-0228 aims to implement a new programmatic $SOL emission schedule, optimizing blockchain economics and reducing token inflation.

Multicoin’s proposal aims to take advantage of validators’ diminishing reliance on staking emissions. Factoring in the network’s burn rate, SIMD-0228 could help $SOL’s transition into a deflationary asset.

What is SIMD-0228, and will it help Solana steal Ethereum’s ‘Ultra-Sound’ Money title?
https://solanafloor.com/news/solana-governance-proposal-seeks-transform-sol-ultra-sound-money