In an unexpected last final turn, the proposal for SIMD-0228 Solana (SOL) proposed adjusting the emissions of SUNs according to the percentage of their cryptocurrency wagers, failing to reach the required percentage vote for approval.
The SIMD-0228 initiative aims to introduce dynamic emission mechanisms Based on participation rates of Stakingas reported by Cryptonoticia. Instead of having a fixed inflation rate (current system), it depends on the level of the delegated sun. If SIMD-0288 is approved, a “80% annual reduction in Solana native token issuance was shown.
The initiative did not exceed, with 43% of positive votes and 27% of voters enabled. 66.67% threshold required for the protocol Solana. The 66.67% threshold adds a “yes” percentage for “yes” votes to “no.”
What’s impressive about this vote was that it was extended from Epoch 753 to Epoch 755 (8-14 March 2025) for six days, and the proposal reflected an average of 70% support 24 hours before the closure (00:21:40 UTC, March 14th). The required threshold is exceeded and at that time It’s difficult to reverse.
However, in the last 24 hours, That trend has changed dramatically The threshold then dropped to a rate of nearly 62%, preventing approval of SIMD-0228.
Solana Red co-founder Anatoly Yakovenko was announced after the vote without going further into details. In the publication of Social Network X, he commented on it “The opposition to 228 not only acted in its own interests.” Propose various motivations to vote against.
Additionally, participants in the Solana community wrote to X:
Specifically, the decision on SIMD-0228 was surrounded by valid discussions of selling social networks, insults and even a portion of the vote. They highlighted the division between large-scale baritlers (selected “yes”) and small validators (selected “NO”).
Another strange fact: the vote was highlighted with very high participation
According to X’s official Solana account, SIMD-228 had a “participation rate) as 72% of eligible voters took part in the vote. More than all US presidential elections. Over the past 100 years ».
The publication then comes with the following graph, with the Black Bar detailing the number of voters in the US presidential elections and SIMD-0228 votes on the green.
Proposal co-author Tushar Jain also highlighted the level of participation in the vote for his proposal.
“Our proposal was technically defeated, but this was a major victory for Solana’s ecosystem and its governance process. High participation and discussions show that the network is strong and fully decentralized.
Tushar Jain, Coautor de Simd-0228.
Jain also said, “Over 74% of the stocks are taking part, and 910 individuals with validators (1,353 total) vote.”
SIMD-0228 Important voices within the SIMD-0228 ecosystem
Lily Liu, president of the Solana Foundation, and David McIntyre, a former member of the same organization, have taken an important position on the SIMD-0228 proposal.
Liu described the initiative as “too semi-cooked,” claiming it “can have a negative effect on the sun during a critical period of growth.” For her, the network and asset ecosystem is interdependent and changing network parameters can be useful for security. Damage token valuetherefore, he advocates a systematic vision that prioritizes assets and institutions that are often lacking in technical debate dominated by network engineers.
McIntyre, which works with Liu, is a company that has users and developers. Groups affected Because of the unpredictability of generating dynamic staking. “Predicting the performance of native staking is already difficult, making 0288 nearly impossible,” he said, highlighting his most favourable experience of pursuing the most fluctuating returns.
Furthermore, McIntyre doubts that mitigating sales pressure will ease sales pressure because he “has never seen data suggesting that this type of sales will have a significant impact on the market.”
Why was Solana’s proposal on SIMD-0228 rejected?
Cryptonotics previously notified that the team behind Validador Solblaze, the Solana Liquid Staking platform, has considered that the rewarding decline means many users. Find a more profitable alternative Potentially reduce the delegation of the Solana ecosystem to obtain yields. This allows you to subtract the number of validators, supporting the centralization of power for smaller amounts of validators.
Furthermore, from Solbloze, they also emphasize that they have a decrease in validators It has a negative impact on network safety. With cryptocurrency networks, decentralization and resistance to attacks rely on fewer enablers means less security. Participant volume and diversity This confirms the transaction.
If there are few validators, it is easier for an attacker or coordinate group to control the network, manipulating consensus or modifying data. With more validators, the effort and resources needed to compromise your network will be more robust They increase dramaticallyreduces power distribution and unique points of failure.
After the final results from the X account, Solblaze celebrated the rejection of SIMD-0228.
“The results of SIMD-0228 have demonstrated something today in the Solana community. We show that we can face great money and powerful people who have been sought for approval. We show that we can fight back when we work together. We show that governance is truly decentralized.”
Blow one X away.
This proposal would have had an impact on “Solana’s governance.”
Jonas Hahn, developer of the Solana Foundation, said the SIMD-0228 proposal reduced the level of staking to such a degree, as it would have a negative impact on network governance. Hahn explained that low-level staking means fewer votes are needed to approve important decisions, and that he supports a concentration of power.
After the election by SIMD-0228, Hahn emphasized, “Now we can all return to normal.”
Therefore, this proposal does not achieve the percentage of positive votes required to be approved by Solana validators, and the network will maintain its current SUN emissions system based on a fixed schedule of 15% per year.
The last soulana(su)
