80％的通货膨胀提案未能通过Solana的投票门槛

在一个杰出的链上治理的展示中，该提案旨在将索拉纳通货膨胀率降低80％（被确定为SIMD-228），正式未能达到通行的投票门槛。

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.

在链上治理内的一个值得注意的发展中，将Solana通货膨胀率降低80％（指定为SIMD-228）的提议未能达到通行所需的投票门槛。

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.

该动议目睹了整个Solana生态系统令人惊讶的投票率，最终被拒绝，因为较小的验证者以“否”票数付出了平衡，将批准百分比推向了66.67％的阈值。

Solana Inflation Remains High

索拉纳通货膨胀仍然很高

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.

对SIMD-228进行投票是与SIMD-123一起进行的，这两者以前所未有的参与水平结束。根据著名的Solana验证者Laine的说法，所有合格的股份中有74.3％参加了SIMD-228，而57.1％的人参加了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.

虽然多数人在228中投票“是”，而61.39％的选民选择该提案，但它没有所需的超级婚姻。相比之下，有123人达到了阈值，并获得了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!”

莱恩在X中说：“这是一个绝对令人震惊的参与和有争议的辩论，这是一个巨大的里程碑。令人难以置信的是，如此多的利益相关者的这一投资水平，无论结果如何，人们都只能对我们的未来作为生态系统充满希望！”

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官方帐户强调了投票的规模：“ Solana Simd 228选民投票率高于过去100年中的每次美国总统大选。”

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.

这样的比较表明，该提案对网络的广泛选区产生了深刻的共鸣。社区成员，验证者，投资者和开发人员就提案对通货膨胀，积分奖励和连锁店的整体健康的潜在影响进行了讨论。

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.”

投票结果的分裂很明显，这在很大程度上归因于不同的验证者激励措施和获利性问题。本以前是索拉纳基金会（Solana Foundation）的本·斯帕朗（Ben Sparang）提供了洞察力：“ Simd-228票数的分解，说明了一个决定性的故事。大型验证者绝大多数都赞成，因为他们不必担心盈利能力。小型验证者绝大多数是反对的，因为他们可能在新政权下不营业。”

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.

在较小的运营商中，如果通货膨胀率急剧下降，则担心会降低放牧奖励。许多人认为，产量的降低将升级其基础设施成本，并最终迫使他们脱离网络。

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.

较大的验证者主要从交易费用和领导者老虎机中产生收入，在很大程度上支持该提案。他们认为，较低的通货膨胀率将有利于提高SOL的长期价值。

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的创始人）报道的那样，较小的验证者对减少通货膨胀率会导致的未来令牌发行的显着减少表示担忧。

“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说：“该提议是减少溶胶通货膨胀，这是一个好主意，因为它减少了至少$ 4B的每日溶胶发行量，可以阻止稀释稀释并减少销售压力。” “问题是，由于可能会削减其积分奖励，因此许多较小的验证者将被迫离开网络，这使得运行节点太昂贵了。”

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的联合创始人兼执行合伙人Tushar Jain在纪录的投票率上表示，这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.”

“这是有史以来最大的加密治理投票 - 就参与者的数量和任何生态系统，链条，编码网络的参与市值而言，这都是$ 250B的加密价值，对此一小部分代码进行了投票。如果这次投票告诉我们一件事，那就是Solana网络的状态很强。这是一次有意义的扩展压力测试（社会而非技术压力测试），尽管存在分歧和兴趣的分层，但网络通过了。”

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个单个验证者中的股份中的74％）如何阐明了Solana的活力和机构采用。尽管“是”对228的投票最终不足，但他指出了几个月来进行的讨论的重要性。他还承诺将社区反馈纳入未来的建议。