The Solana ecosystem just completed a critical governance vote. SIMD-228, a proposal to tie Solana’s inflation rate to its staking participation rate, was put forward by Multicoin Capital and Anza, but despite a majority voting in favor, it failed to meet the required supermajority to pass.Tushar Jain, co-founder and managing partner at Multicoin Capital, who co-authored the proposal, joins the show to discuss:<ul>
<li>Why he believes the proposal was necessary</li>
<li>Whether inflation is too high for Solana’s long-term health</li>
<li>If some validators voted against their own interests</li>
<li>The silver lining of the governance process</li>
<li>Why a smaller proposal focused fee sharing did pass</li>
<li>Whether Multicoin Capital will resubmit a revised proposal</li>
</ul>Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com<h3>Thank you to our sponsors!</h3><ul>
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<li><a href="https://www.mantle.xyz/">Mantle</a></li>
</ul><h3>Guest</h3><ul><li>
<a href="https://x.com/TusharJain_">Tushar Jain</a>, Co-founder and Managing Partner at Multicoin Capital</li></ul><h3>Links</h3><ul>
<li>Unchained: <a href="https://unchainedcrypto.beehiiv.com/p/solana-s-near-miss">Proposal to Cut SOL Inflation by 80% Fails After ‘Close Call’</a>
</li>
<li><a href="https://simd-votes.stakingfacilities.com/">SIMD Vote Status</a></li>
<li>Kayuza’s <a href="https://x.com/kazuya_888/status/1900463186299465993?s=46">tweet</a> </li>
</ul>Timestamps:🤝 0:00 Intro🗳️ 3:09 Why Solana’s inflation rate was initially an afterthought 💰5:20 Why inflation became untenable⚙️ 6:23 What does it take to right-size inflation for Solana⚙️ 7:18 How SIMD-228 would have worked🤯 11:00 Why Tushar “does not want to bet on people being dumb”💰 15:48 How this could have strengthened DeFi on Solana😕 17:49 Why Tushar was disappointed with the outcome but sees a silver lining📚 19:49 Could the vote have been fairer?⚖️ 22:06 Whether smaller validators would be unfairly hurt by SIMD-228🔐 27:37 Does Solana pay too much for security?📈 27:55 Would this have boosted the price of SOL?✔️28:19 Whether validators should ask stakers how to vote✅ 30:13 What the passing of SIMD-123 means for the network🔄 32:40 Will Multicoin resubmit the proposal?📰 34:50 News Recap Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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Solana Insiders Wanted to Reduce Inflation, but It Failed. Here’s What the Proposal’s Author Thinks - Ep. 800

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