Solana Proposal SIMD-0228 Voting Set to Begin in Epoch 753
The Solana community is focused on proposal SIMD-0228, which seeks to alter the inflation mechanism of the network. Key points include:
- Concerns about potential impacts on decentralization versus arguments for more efficient market-based security.
- Voting is scheduled to begin during Solana epoch 753 at approximately 8:30 PM ET.
- Proponents argue Solana is overpaying for security, while opponents fear decreased issuance could centralize power.
Discussions also highlight SIMD-0096, which ceased burning half of Solana's priority fees in February. This has led to:
- An increase in annualized inflation from 3.7% to 4.6% according to Blockworks Research.
- Unexpected user behavior, as priority fees have remained stable despite a reduction in effective costs.
- A shift towards MEV tips instead of priority fees, indicating changing revenue dynamics for validators.
Analysts suggest SIMD-0096 might help decrease the number of transaction processing units (TPUs) on the network, reducing complexity and overhead costs.