Solana提出了一種基於參與的新的令牌排放機制

Solana提出了一種新的機制，以根據參與度的參與來調整其SOL令牌的發行。該提案旨在用適應網絡活動的程序模型替換當前的固定排放系統。由薩沙（Sasha D.）

output: Solana is looking to adjust its token issuance with a new mechanism that takes into account staking participation, aiming to replace the current fixed system with a more programmatic model that adapts to network activity.

輸出：Solana希望通過一種新的機制來調整其代幣發行，該機制考慮了組存參與，旨在用適合網絡活動的更具程序化模型來替換當前的固定係統。

The proposal, SIMD-0228, is focused on reducing the rate of SOL issuance without compromising the security of the blockchain, which is maintained by a distributed network of validators who are rewarded for staking their tokens.

該提案SIMD-0228致力於降低SOL發行率，而不會損害區塊鏈的安全性，區塊鏈的安全性是由分佈式驗證者網絡維護的，這些網絡因持有代幣而獲得獎勵。

Solana’s native token is issued through a predetermined system that does not account for changes in the ecosystem, and as validators have found new revenue sources, such as Maximal Extractable Value (MEV), the need to incentivize security through token emissions has decreased. In the last quarter of 2024 alone, MEV revenue on Solana reached over $400 million, showcasing a huge increase compared to previous periods.

Solana的原始令牌是通過預定的系統發行的，該系統不會解釋生態系統的變化，並且由於驗證者發現了新的收入來源，例如最大可提取價值（MEV），因此需要通過代幣發射來激勵安全性的需求減少。僅在2024年的最後一個季度，Solana的MEV收入就達到了超過4億美元，與以前的時期相比顯示出巨大的增長。

According to the new model, the percentage of SOL tokens that are staked will be used to adjust the issuance rate. When participation is high, the system will decrease issuance to the minimum. If, on the other hand, participation decreases, the system will increase issuance to encourage more users to lock up their tokens and maintain network security.

根據新模型，將固定的SOL令牌的百分比用於調整髮行率。當參與很高時，系統將降低發行量。另一方面，參與減少，系統將增加發行，以鼓勵更多用戶鎖定其令牌並保持網絡安全性。

To avoid any abrupt changes, the transition from the current system to the new mechanism will take place over 50 epochs, gradually adjusting the emission rate until the new formula is applied.

為了避免任何突然的變化，從當前系統到新機制的過渡將發生在50個時代以上，逐漸調整排放速率，直到應用新公式為止。

The goal of the new system is also to reduce the selling pressure that can be caused by token inflation. In proof-of-stake networks, stakers often sell a small part of their accrued staking rewards to pay taxes or other costs, which can impact the asset’s price. By limiting SOL issuance to only what is strictly necessary, this effect is expected to decrease, potentially contributing to greater market stability.

新系統的目的還是減少由代幣通貨膨脹造成的銷售壓力。在驗證驗證網絡中，Stakers經常出售其應計入獎勵的一小部分來繳納稅款或其他費用，這可能會影響資產的價格。通過將SOL發行僅限於嚴格必要的內容，這種影響有望減少，有可能導致更大的市場穩定性。

The proposal is currently being discussed and voted on by the Solana community, with validators able to suggest improvements to the new formula and casting their votes based on their stake weight. The process will include verifying the staking participation data and a voting period, where validators will send tokens to specific addresses to indicate their decision.

該提案目前正在由Solana社區討論和投票，驗證者能夠提出改進新公式並根據其股權重量進行投票。該過程將包括驗證積分參與數據和投票期，驗證者將將令牌發送到特定地址以表明其決定。

For the proposal to be approved, at least two-thirds of the votes must be in favor, and voter participation must reach 33% of the total voting weight.

為了獲得批准的提議，至少三分之二的選票必須有利，選民的參與必須達到總投票權重的33％。