80％的通貨膨脹提案未能通過Solana的投票門檻

在一個傑出的鏈上治理的展示中，該提案旨在將索拉納通貨膨脹率降低80％（被確定為SIMD-228），正式未能達到通行的投票門檻。

In a noteworthy development within on-chain governance, a proposal to cut Solana’s inflation rate by 80%—designated as SIMD-228—has failed to achieve the vote threshold required for passage.

在鏈上治理內的一個值得注意的發展中，將Solana通貨膨脹率降低80％（指定為SIMD-228）的提議未能達到通行所需的投票門檻。

The motion, which witnessed an astounding turnout across the Solana ecosystem, was ultimately rejected as smaller validators tipped the balance with “No” votes, pushing the approval percentage below the 66.67% threshold.

該動議目睹了整個Solana生態系統令人驚訝的投票率，最終被拒絕，因為較小的驗證者以“否”票數付出了平衡，將批准百分比推向了66.67％的閾值。

Solana Inflation Remains High

索拉納通貨膨脹仍然很高

Voting on SIMD-228 took place alongside SIMD-123, both of which concluded with levels of participation never before seen in the Solana ecosystem. According to Laine, a prominent Solana validator, 74.3% of all eligible stake participated in SIMD-228, while 57.1% joined in on SIMD-123.

對SIMD-228進行投票是與SIMD-123一起進行的，這兩者以前所未有的參與水平結束。根據著名的Solana驗證者Laine的說法，所有合格的股份中有74.3％參加了SIMD-228，而57.1％的人參加了SIMD-123。

While a majority voted “Yes” on 228, with 61.39% of voters opting for the proposal, it fell short of the required supermajority. In contrast, 123 met its threshold and passed with 74.91% approval.

雖然多數人在228中投票“是”，而61.39％的選民選擇該提案，但它沒有所需的超級婚姻。相比之下，有123人達到了閾值，並獲得了74.91％的批准。

“This has been a massive milestone in Solana governance with absolutely earth-shattering participation and contentious debate,” said Laine via X. “It is incredible to see this level of investment by so many stakeholders, no matter the outcome one can only be hopeful for our future as an ecosystem!”

萊恩在X中說：“這是一個絕對令人震驚的參與和有爭議的辯論，這是一個巨大的里程碑。令人難以置信的是，如此多的利益相關者的這一投資水平，無論結果如何，人們都只能對我們的未來作為生態系統充滿希望！”

The official Solana account highlighted the magnitude of the vote by stating: “Solana SIMD 228 voter turnout was higher than every US presidential election in the last 100 years.”

Solana官方帳戶強調了投票的規模：“ Solana Simd 228選民投票率高於過去100年中的每次美國總統大選。”

Such a comparison showcases how deeply this proposal resonated with the network’s broad constituency. Community members, validators, investors, and developers engaged in discussion around the proposal’s potential impacts on inflation, staking rewards, and the overall health of the chain.

這樣的比較表明，該提案對網絡的廣泛選區產生了深刻的共鳴。社區成員，驗證者，投資者和開發人員就提案對通貨膨脹，積分獎勵和連鎖店的整體健康的潛在影響進行了討論。

A schism in voting results was evident, largely attributed to differing validator incentives and profitability concerns. Ben Sparang, formerly of the Solana Foundation, offered insight: “The breakdowns of SIMD-228 votes by stake level tell a decisive story. Large validators are overwhelmingly in favor as they don’t have to worry about their margin of profitability. Small validators are overwhelmingly against as they might not be in business under the new regime.”

投票結果的分裂很明顯，這在很大程度上歸因於不同的驗證者激勵措施和獲利性問題。本以前是索拉納基金會（Solana Foundation）的本·斯帕朗（Ben Sparang）提供了洞察力：“ Simd-228票數的分解，說明了一個決定性的故事。大型驗證者絕大多數都讚成，因為他們不必擔心盈利能力。小型驗證者絕大多數是反對的，因為他們可能在新政權下不營業。”

Among smaller operators, fears arose over reduced staking rewards if the inflation rate fell sharply. Many argued that diminished yields would escalate their infrastructure costs and could ultimately force them off the network.

在較小的運營商中，如果通貨膨脹率急劇下降，則擔心會降低放牧獎勵。許多人認為，產量的降低將升級其基礎設施成本，並最終迫使他們脫離網絡。

Larger validators, who primarily generate income from transaction fees and leader slots, largely supported the proposal. They argued that a lower inflation rate would be beneficial for boosting SOL’s long-term value.

較大的驗證者主要從交易費用和領導者老虎機中產生收入，在很大程度上支持該提案。他們認為，較低的通貨膨脹率將有利於提高SOL的長期價值。

As reported by Prime (founder of X1,), smaller validators expressed concerns over the significant decrease in future token issuance that would result from cutting inflation.

正如Prime（X1的創始人）報導的那樣，較小的驗證者對減少通貨膨脹率會導致的未來令牌發行的顯著減少表示擔憂。

“The proposal is to reduce SOL inflation, which is a good idea as it reduces at least $4B in SOL issuance per , stops dilution the supply and reduces sell pressure,” said Prime. “The problem is a lot of smaller validators will be forced to leave the network as their staking rewards likely going to be cut, making it too expensive to run their nodes.”

Prime說：“該提議是減少溶膠通貨膨脹，這是一個好主意，因為它減少了至少$ 4B的每日溶膠發行量，可以阻止稀釋稀釋並減少銷售壓力。” “問題是，由於可能會削減其積分獎勵，因此許多較小的驗證者將被迫離開網絡，這使得運行節點太昂貴了。”

Tushar Jain, co-founder and Managing Partner at Multicoin Capital, remarked on the record-breaking turnout, adding that it was a noteworthy milestone for decentralized governance.

Multicoin Capital的聯合創始人兼執行合夥人Tushar Jain在紀錄的投票率上表示，這是分散治理的值得注意的里程碑。

“It was the biggest crypto governance vote ever—both in terms of the number of participants and the participating market cap of any ecosystem, chain, coded network—nearly $250B in crypto value voted on this one small piece of code. If this vote tells us one thing, it’s that the state of the Solana network is strong. This was a meaningful scaling stress test—a social, rather than technical, stress test—and the network passed despite a wide stratification of diverging opinions and interests.”

“這是有史以來最大的加密治理投票 - 就參與者的數量和任何生態系統，鏈條，編碼網絡的參與市值而言，這都是$ 250B的加密價值，對此一小部分代碼進行了投票。如果這次投票告訴我們一件事，那就是Solana網絡的狀態很強。這是一次有意義的擴展壓力測試（社會而非技術壓力測試），儘管存在分歧和興趣的分層，但網絡通過了。”

Jain noted how the turnout—over 74% of stake among 910 individual validators—highlighted Solana’s vitality and institutional adoption. While the “Yes” votes on 228 ultimately fell short, he remarked on the importance of the discussion that unfolded over several months. He also promised to incorporate community feedback for future proposals.

Jain指出，投票率（910個單個驗證者中的股份中的74％）如何闡明了Solana的活力和機構採用。儘管“是”對228的投票最終不足，但他指出了幾個月來進行的討論的重要性。他還承諾將社區反饋納入未來的建議。