索拉納（Solana）在決策者探索旨在提高其本地代幣Sol的投資吸引力的重大經濟大修時，導致了關鍵時刻。

討論的核心是通貨膨脹的問題，儘管這對於索拉納（Solana）等可持續性的可持續性認為是必要的

Solana is currently in the midst of a significant economic overhaul that could dramatically alter the investment appeal of its native token.

Solana目前正在進行重大的經濟大修中，可能會大大改變其原住民代幣的投資吸引力。

The discussion has largely focused on reducing the inflation rate, which is seen as essential for the sustainability of proof-of-stake blockchains but has also drawn criticism for being set too high.

討論主要集中在降低通貨膨脹率上，這對於可持續性區塊鏈的可持續性至關重要，但也引起了批評，因為它被設定得太高。

This adjustment is a key component of a broader proposal, SIMD-0228, which aims to introduce a "smarter curve" for inflation, varying the rate of new token issuance based on existing staking levels.

此調整是更廣泛的建議SIMD-0228的關鍵組成部分，該提案旨在引入通貨膨脹的“更智能曲線”，從而根據現有的放電水平改變了新的代幣發行率。

The proposal, co-authored by a partner at Multicoin Capital, would see a reduction in annual inflation from around 4.7% to approximately 1.5%, depending on the prevailing staking rates.

該提案由MultoCoin Capital的合作夥伴合著，根據現行的存放率，年度通貨膨脹率將從約4.7％降低到約1.5％。

This change could prevent billions of dollars in new SOL from entering the market each year, a move that proponents believe would benefit SOL’s price. It would also make Solana a more attractive opportunity for institutional investors, such as those who may be considering a theoretical Solana ETF.

這種變化可以防止每年數十億美元的新溶膠進入市場，這一舉動認為這一舉動將使Sol的價格受益。這也將使Solana成為機構投資者的更具吸引力的機會，例如那些可能正在考慮理論上的Solana ETF的投資者。

Those in favor of the proposal, including prominent members of the Solana community like co-founder Anatoly Yakovenko and Helius CEO Mert Mumtaz, believe that these changes are essential for the network’s growth.

那些贊成該提案的人，包括索拉納社區的傑出成員，例如聯合創始人Anatoly Yakovenko和Helius首席執行官Mert Mumtaz，認為這些變化對於網絡的增長至關重要。

However, the overhaul has faced fierce opposition from smaller validators, who already operate with minimal margins.

但是，大修面臨著較小的驗證者的激烈反對，後者已經以最小的利潤率進行了操作。

Jota, who manages the Pine Stake validator, fears that SIMD-0228 could drive as many as 25% of profitable validators out of the market, severely impacting the network’s decentralization.

管理Pine Stake Validator的Jota擔心SIMD-0228可能會將多達25％的盈利驗證者驅逐出市場，從而嚴重影響網絡的權力下放化。

Further complicating the matter is another proposal, SIMD-123, which is predicted to put even more pressure on the rewards system for smaller validators.

另一個建議是SIMD-123，這進一步使此事複雜化，預計該提案將對較小的驗證者的獎勵系統施加更大的壓力。

David Girder from Finality Capital Partners has calculated that the inflation changes could eliminate around 250 validators, especially in a bear market scenario.

最終資本合作夥伴的戴維·吉爾德（David Girder）計算出，通貨膨脹的變化可能會消除大約250個驗證者，尤其是在熊市情況下。

This drop-off could lead to a concentration of power among larger validators, undermining Solana’s foundational decentralization ethos.

這種下降可能會導致大型驗證者之間的力量集中，從而破壞索拉納的基礎權力下放精神。

Currently, Solana’s staking rewards are automatically adjusted, with a scheduled decrease to eventually stabilize at 1.5%. SIMD-0228 aims to replace this fixed model with a more dynamic "smarter curve" that would tie the issuance of new SOL tokens to the amount staked during each epoch.

當前，Solana的訂婚獎勵會自動調整，計劃減少，最終穩定為1.5％。 SIMD-0228旨在用更具動態的“更智能曲線”來替換該固定模型，該曲線將把新的溶膠令牌的發行與每個時期內放置的量相關聯。

Such a model would allow for a flexible response to shifting staking demand, theoretically bolstering security by incentivizing staking when participation is low.

這樣的模型將允許靈活的響應來轉移堆積需求，理論上通過激勵參與較低時的放電來增強安全性。

Despite varied predictions about the impact of SIMD-0228, with some arguing that the adjustment would not be as detrimental as feared, potentially leading to only 20 to 30 validator shutdowns, there is a palpable division within the validator community.

儘管對SIMD-0228的影響有所不同，但一些人認為調整不會像恐懼的那樣有害，可能只會導致20至30個驗證者關閉，但驗證者社區內有一個明顯的劃分。

Skeptics, who have managed to secure delays in the approval process, urge more comprehensive reforms to address the operational costs validators face, particularly concerning the network’s costly vote fees.

在批准過程中設法確保了延誤的懷疑者敦促更全面的改革來解決驗證者面臨的運營成本，尤其是關於網絡的昂貴投票費用。

As these discussions continue to heat up, they highlight a broader division within the Solana community over the future trajectory of its economic policies.

隨著這些討論繼續升溫，它們強調了索拉納社區內部在其經濟政策的未來軌跡上的更廣泛的分歧。

The balance between controlling inflation and maintaining network decentralization will be crucial for the platform’s long-term viability and investor confidence.

控制通貨膨脹和維持網絡分散化之間的平衡對於該平台的長期生存能力和投資者的信心至關重要。