Solana社区审查治理提案SIMD-0228，旨在将网络的代币通货膨胀率急剧降低80％

Solana区块链社区正在审查一项治理提案SIMD-0228，该提案旨在将网络的通货膨胀率急剧降低80％。

Multicoin Capital partners Tushar Jain and Vishal Kankani, together with Anza’s Lead Economist Max Resnick, have authored a Solana governance proposal, SIMD-0228, to drastically cut the network’s token inflation. The proposal aims to transition Solana’s fixed token issuance model to a dynamic, market-driven system, with voting scheduled to commence on March 6, 2025, during epoch 753.

Multicoin Capital Partners Tushar Jain和Vishal Kankani以及Anza的首席经济学家Max Resnick撰写了Solana治理提案Simd-0228，以大幅度削减网络的代币通货膨胀。该提案旨在将Solana的固定令牌发行模型转换为动态，市场驱动的系统，并计划于2025年3月6日在753时期开始投票。

Solana currently operates under a predetermined inflation schedule, starting with an 8% annual inflation rate that decreases by 15% each year, targeting a long-term rate of 1.5%. However, this fixed model has been subject to criticism for potentially overcompensating validators and stakers, leading to unnecessary token emissions that may exert downward pressure on SOL’s market value.

Solana目前在预定的通货膨胀时间表下运行，从每年8％的通货膨胀率开始，每年降低15％，目标是长期1.5％。但是，这种固定模型因可能过度补偿验证者和公司的批评而受到批评，导致不必要的令牌排放可能会对SOL的市场价值施加下降压力。

Additionally, the existing structure could inadvertently discourage participation in decentralized finance (DeFi) activities, as high staking rewards may incentivize token holders to lock up their assets rather than engage with the broader ecosystem.

此外，现有的结构可能会无意间劝阻分散的金融活动（DEFI）活动，因为高积分奖励可能会激励令牌持有者锁定其资产，而不是与更广泛的生态系统互动。

To mitigate these issues and foster a more balanced economic landscape, SIMD-0228 proposes a variable-rate emission system that adjusts based on the network’s staking participation. The core idea is to align token issuance with the proportion of SOL tokens actively staked.

为了减轻这些问题并促进更平衡的经济格局，SIMD-0228提出了一个可变速率排放系统，该系统根据网络的积分参与来调整。核心思想是将令牌发行与积极放置的SOL令牌的比例保持一致。

If the staking participation rate is above a specified threshold (initially proposed at 50%, later adjusted to 33%), the annual inflation rate will decrease. For instance, if the goal is to reduce the MSI (annual inflation) from the current 4.5% to 0.87%, and the desired reduction in MSI is 100%, then the required change in the variable payout will be around -0.65. This will be achieved by decreasing the variable payout from the current 0.28 to -0.37, and adjusting the MSI accordingly.

如果组存参与率高于指定的阈值（最初提出的以50％的速度，后来调整为33％），则年通货膨胀率将降低。例如，如果目标是将MSI（年度通货膨胀）从当前的4.5％降低到0.87％，并且MSI所需的减少为100％，则可变支付的所需更改约为-0.65。这将通过将变量支付的额从当前0.28降低到-0.37，并相应地调整MSI来实现。

Conversely, if the staking participation rate falls below the threshold, the emission rate will increase to incentivize more staking, ultimately enhancing network security and decentralization.

相反，如果积分参与率低于阈值，则排放率将提高以激励更多的占有性，最终增强网络安全和权力下放。

This adaptive approach balances the dual objectives of maintaining robust network security through sufficient staking participation and fostering a healthy, inflation-controlled economic environment. The goal is to achieve a sustainable economic framework that supports long-term value creation for all stakeholders.

这种自适应方法可以平衡通过足够的积分参与并培养健康，通货膨胀控制的经济环境来维持强大网络安全的双重目标。目的是实现一个可持续的经济框架，以支持所有利益相关者的长期价值创造。

This proposal has sparked significant discussion within the Solana community. Co-founder Anatoly Yakovenko is among the proponents, highlighting the need for a pragmatic solution to correct existing inefficiencies and reduce inflation and selling pressure, ultimately promoting a more sustainable economic framework for the network.

该提议在索拉纳社区中引发了重大讨论。联合创始人Anatoly Yakovenko是支持者之一，强调需要实用解决方案来纠正现有效率低下并减少通货膨胀和销售压力，最终促进了该网络更可持续的经济框架。

However, concerns have been raised regarding the potential impact on smaller validators and network decentralization. Critics suggest that smaller validators will be disproportionately affected by the reduced staking rewards, potentially leading to a concentration of power among larger entities and undermining the network’s decentralized ethos.

但是，人们对对较小验证者和网络分散化的潜在影响提出了担忧。批评家认为，较小的验证者将受到减少的股票奖励的不成比例影响，这可能导致较大实体之间的力量集中并破坏网络的分散精神。

Moreover, there is apprehension that increasing inflation rates during periods of low staking participation could erode market confidence, triggering a negative feedback loop of token sell-offs and further declining staking participation.

此外，人们担心，在较低的参与期间，通货膨胀率提高可能会侵蚀市场的信心，从而引发代币抛售的负面反馈循环，并进一步下降了积分参与。

As the voting period approaches, stakeholders are urged to join the ongoing conversations, carefully consider the proposal’s potential effects, and cast their votes to help decide the economic future of the Solana network.

随着投票期的临近，敦促利益相关者加入正在进行的对话，仔细考虑提案的潜在影响，并进行投票，以帮助决定Solana网络的经济未来。