Solana's SIMD-228 proposal, aiming to introduce a dynamic inflation model, failed to receive the required approval of 66.67% with 61.4% approval.
Despite the failure, the vote set a record as the largest governance vote in crypto history, highlighting Solana's decentralized decision-making strength.
Some stakeholders view the rejection as a major victory for the Solana ecosystem and its governance process.
The rejected proposal aimed to transition Solana's inflation model to a dynamic, responsive market-based one from its current fixed schedule.