The article “SIMD-228 Analysis: Moving SOL Issuance to a Market-Driven Model”(author: Helius) provides an in-depth analysis of the Solana Improvement Proposal (SIMD-228), which aims to optimize the inflation and staking ecosystem of the Solana network by introducing a market-based dynamic inflation mechanism to replace the current fixed deflation model. The article explores the fixed pattern of Solana’s current inflation rate (approximately 4.68%) declining by 15% to 1.5% year-on-year from 8%, and proposes a new formula for SIMD-228: dynamically adjusting inflation based on the staking rate to reduce unnecessary token issuance, reduce selling pressure and improve network security. The main content includes a simulation analysis of the impact of the proposal, showing the performance in the best, medium and worst scenarios: stable inflation and sustainable earnings under high stake rates; potential threats to network stability under low stake rates and high penalty scenarios. In addition, the article assessed the impact on verifier economics and found that SIMD-228 had a limited impact on the number of verifiers (shrinking by approximately 3.4%), but voting costs remained the main burden for long-tail verifiers. The article also discusses arguments for and against SIMD-228: supporters believe it reduces inflationary waste through a market-driven approach, opponents worry about its complexity and potential risks to small validators.
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