GuShiio.com has learned that Solana co-founder Toly expressed support for the SIMD-0228 proposal. Previously, David Grider, a partner at Finality Capital, believed that the proposal was flawed and proposed that high pledge returns were not conducive to DeFi’s earnings, inflation increased selling pressure, and pledge rewards reduced ETF demand. He believes that the pledge formula should optimize proportions to solve security issues, and said more work is needed to understand the impact. In response, Toly responded that lowering inflation would actually slow down the process. Proposal SIMD-0228 introduces a market-driven mechanism based on pledge participation rates and uses a static curve to reduce the total issuance rate.
read the original