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Solana Governance Vote Sets Record as Inflation Proposal Fails

  • 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.

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