Solana’s SIMD-0228 Inflation Reform Proposal Fails to Secure Supermajority

Efforts to reform Solana's inflation regime through proposal SIMD-0288 failed to secure the necessary supermajority for implementation, maintaining the network's 4.7% annual staking rewards.

Key points include:

Proposal aimed to reduce staking rewards to 1% or less.
The opposition primarily comprised small validators concerned about revenue cuts.
Over 66% of validators participated, with 75% of voting power; small validators predominantly voted against the change.
Proponents argued the reform would alleviate inflation pressure on SOL's price.
Opponents labeled the proposal as rushed and potentially damaging to Solana's DeFi ecosystem.
SIMD-0288 marks the first failed economic reform vote in Solana's history.

Many validators expressed concerns that significant changes require thorough discussion and analysis before implementation.