索拉纳（Solana）在决策者探索旨在提高其本地代币Sol的投资吸引力的重大经济大修时，导致了关键时刻。

讨论的核心是通货膨胀的问题，尽管这对于索拉纳（Solana）等可持续性的可持续性认为是必要的

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

Solana目前正在进行重大的经济大修中，可能会大大改变其原住民代币的投资吸引力。

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.

讨论主要集中在降低通货膨胀率上，这对于可持续性区块链的可持续性至关重要，但也引起了批评，因为它被设定得太高。

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.

此调整是更广泛的建议SIMD-0228的关键组成部分，该提案旨在引入通货膨胀的“更智能曲线”，从而根据现有的放电水平改变了新的代币发行率。

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.

该提案由MultoCoin Capital的合作伙伴合着，根据现行的存放率，年度通货膨胀率将从约4.7％降低到约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.

这种变化可以防止每年数十亿美元的新溶胶进入市场，这一举动认为这一举动将使Sol的价格受益。这也将使Solana成为机构投资者的更具吸引力的机会，例如那些可能正在考虑理论上的Solana ETF的投资者。

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.

那些赞成该提案的人，包括索拉纳社区的杰出成员，例如联合创始人Anatoly Yakovenko和Helius首席执行官Mert Mumtaz，认为这些变化对于网络的增长至关重要。

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

但是，大修面临着较小的验证者的激烈反对，后者已经以最小的利润率进行了操作。

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担心SIMD-0228可能会将多达25％的盈利验证者驱逐出市场，从而严重影响网络的权力下放化。

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

另一个建议是SIMD-123，这进一步使此事复杂化，预计该提案将对较小的验证者的奖励系统施加更大的压力。

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

最终资本合作伙伴的戴维·吉尔德（David Girder）计算出，通货膨胀的变化可能会消除大约250个验证者，尤其是在熊市情况下。

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

这种下降可能会导致大型验证者之间的力量集中，从而破坏索拉纳的基础权力下放精神。

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.

当前，Solana的订婚奖励会自动调整，计划减少，最终稳定为1.5％。 SIMD-0228旨在用更具动态的“更智能曲线”来替换该固定模型，该曲线将把新的溶胶令牌的发行与每个时期内放置的量相关联。

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

这样的模型将允许灵活的响应来转移堆积需求，理论上通过激励参与较低时的放电来增强安全性。

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.

尽管对SIMD-0228的影响有所不同，但一些人认为调整不会像恐惧的那样有害，可能只会导致20至30个验证者关闭，但验证者社区内有一个明显的划分。

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.

在批准过程中设法确保了延误的怀疑者敦促更全面的改革来解决验证者面临的运营成本，尤其是关于网络的昂贵投票费用。

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

随着这些讨论继续升温，它们强调了索拉纳社区内部在其经济政策的未来轨迹上的更广泛的分歧。

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

控制通货膨胀和维持网络分散化之间的平衡对于该平台的长期生存能力和投资者的信心至关重要。