Solana社区投票将令牌通货膨胀率降低80％，转变为动态通货膨胀模型

这获得了35.7％的认可和17.2％的反对派。如果强制执行，它将从4.5％降低到约0.87％。

The Solana community is voting on proposal SIMD-228, which proposes cutting token inflation considerably. This has seen 35.7% endorsement and 17.2% opposition. It will cut inflation from 4.5% to about 0.87% if enforced. However, concerns have emerged about the implication for staking rewards and network decentralization, making the decision highly complex.

Solana社区正在对提案Simd-228进行投票，该提案建议大量削减令牌通货膨胀。这有35.7％的认可和17.2％的反对意见。如果强制执行，它将从4.5％降低到约0.87％。但是，人们对积分奖励和网络分散化的影响引起了人们的关注，这使该决定高度复杂。

Proposal Overview and Initial Support

提案概述和初始支持

At the beginning of March, Solana (SOL) validators began voting on proposal SIMD-228, suggesting a major monetary policy adjustment. This proposal suggests shifting from a fixed inflation to a dynamic one based on stakeholder participation. It aims to adjust token supply more efficiently by linking inflation to the staking percentage.

3月初，Solana（Sol）验证者开始对提案SIMD-228进行投票，这表明了重大的货币政策调整。该提案表明，基于利益相关者的参与，从固定的通货膨胀转移到动态通货膨胀。它的目的是通过将通货膨胀与放电百分比联系起来，从而更有效地调整令牌供应。

The proposal intends to enhance Solana’s flexibility in adjusting token supply. It suggests tying inflation to the percentage of tokens staked by validators. By doing so, it aims to create a more efficient mechanism for controlling inflation. At the same time, it maintains a balance between token issuance and network participation.

该提案旨在提高Solana在调整令牌供应方面的灵活性。它表明将通货膨胀与验证者固定的令牌的百分比联系在一起。通过这样做，它旨在创建一种更有效的控制通货膨胀的机制。同时，它在代币发行和网络参与之间保持平衡。

However, the Solana Inflation Cut proposal has seen mixed reactions. Out of 1,327 active validators, 701 have voted, with 35.7% supporting the proposal and 17.2% opposing it. Meanwhile, 1.2% abstained from voting.

但是，抗解削减提案的反应混合了反应。在1,327名活跃验证者中，有701个投票，有35.7％的人支持该提案，有17.2％的人反对该提案。同时，1.2％的投票弃权。

If passed, the proposal will cut inflation by 80%, which currently stands at 4.5% to about 0.87%. But the proposal needs more backing to be implemented successfully.

如果通过，该提案将使通货膨胀率将80％削减，目前为4.5％至约0.87％。但是该提案需要更多的支持才能成功实施。

Potential Impacts on Validators and Decentralization

对验证者和权力下放的潜在影响

One of the main concerns is the implication of the Solana Inflation Cut proposal for staking rewards. When inflation declines, staking rewards will decline proportionally and may even discourage validators from being in the network. This can be particularly undesirable for small validators, as they count on staking incentives to break even.

主要问题之一是索拉纳通货膨胀提案的含义是奖励。当通货膨胀率下降时，积分奖励将按比例下降，甚至可能阻止验证者进入网络。对于小型验证者来说，这可能是不希望的，因为它们依靠积分激励措施打破。

Currently, Solana’s economic model balances token issuance with transaction fee burning. During periods of high network activity, more fees are burned, helping counter inflation. However, with decreased transaction costs, fewer tokens are removed from circulation. The existing system has maintained stability.

目前，Solana的经济模型将令牌发行与交易费用燃烧之间。在高网络活动期间，燃烧更多的费用，有助于抵抗通货膨胀。但是，随着交易成本降低，从循环中删除了更少的令牌。现有系统保持稳定性。

But the Solana Inflation Cut proposal could upset this balance, especially if transaction activity remains low after transaction fee costs are reduced. This could lead to an imbalance in token issuance and burning, impacting the value of SOL.

但是，索拉纳通货膨胀提案可能会破坏这一平衡，尤其是当交易活动降低后交易活动降低时。这可能会导致令牌发行和燃烧的不平衡，从而影响SOL的价值。

Market Effects and Future Perspectives

市场影响和未来观点

The approval of SIMD-228 could reduce supply pressure and potentially increase the value of SOL. A lower inflation rate means fewer new SOL tokens enter circulation, which could help stabilize prices. However, the impact of the stake reward might discourage participation, leading to weaker network security.

SIMD-228的批准可以降低供应压力并可能增加SOL的价值。较低的通货膨胀率意味着更少的新Sol代币进入流通，这可以帮助稳定价格。但是，利益奖励的影响可能会阻止参与，从而导致网络安全较弱。

Moreover, the market rebound will rely not just on supply-side readjustment but also on-demand expansion. As transaction activity determines the amount of fees burned, it ultimately influences the pace of token inflation.

此外，市场反弹将不仅依赖供应端的重新调整，还将依赖按需扩展。由于交易活动决定了燃烧的费用，因此最终会影响令牌通货膨胀的速度。

On March 13, SOL is down to $126, far below its January high of $293. Even the decentralized finance (DeFi) value locked in the network has dropped from its all-time high of $12 billion in January to $7 billion.

3月13日，SOL降至126美元，远低于其1月份高点293美元。即使是锁定在网络中的分散融资（DEFI）的价值也从1月份的120亿美元下降到70亿美元。

These trends show that though the Solana Inflation Cut proposal can help with the reduction of supply, it won’t be enough to trigger price recovery unless there is a pickup in usage in the network.

这些趋势表明，尽管Solana通货膨胀提案可以有助于减少供应，但除非网络中的使用情况有拾取，否则它不足以触发价格恢复。

Development and Future Perspectives

发展和未来观点

Solana developers considered several alternatives before settling on the proposed approach, such as adjusting inflation in fixed-rate increments. However, the chosen method offers more flexibility by dynamically adjusting inflation based on staking participation. This method could help maintain economic stability while allowing Solana to adapt to changing market conditions.

索拉纳开发人员在解决提出的方法之前考虑了几种替代方案，例如以固定利率增量调整通货膨胀。但是，选择的方法通过基于积分参与动态调整通货膨胀来提供更大的灵活性。这种方法可以帮助维持经济稳定，同时使Solana适应不断变化的市场状况。

Despite its advantages, the proposal’s impact on network decentralization concerns remains a key issue. If it is difficult for smaller validators to remain profitable, the validator set for the network might decrease, decreasing decentralization.

尽管具有优势，但该提案对网络权力下放问题的影响仍然是一个关键问题。如果较小的验证者很难保持盈利，则可以减少网络的验证器设置，从而减少分散式化。

This is a crucial aspect to monitor as the Solana Inflation Cut proposal is put to a vote. The outcome will be interesting to observe, especially considering the varying opinions among community members.

这是监视的关键方面，因为索拉纳通货膨胀提案进行了投票。观察结果将很有趣，尤其是考虑到社区成员之间的不同意见。