Summary of SIMD-0228 Proposal
The SIMD-0228 proposal seeks to transform the $SOL token into what is dubbed as "Ultra-Sound Money" by introducing a dynamic emission schedule that emphasizes network security and incentivizes staking. This initiative, presented by Multicoin Capital executives, proposes a shift from a fixed emission model to "Smart Emissions", which directly ties emissions to the level of staked $SOL. Current Emission Model
Current Structure: The $SOL token currently follows a fixed emission schedule of 8%, reducing annually by 15% until stabilizing at 1.5% in 2030. Economic Transformation: The network's significant on-chain activity has lessened dependency on emissions for validator profitability, paving the way for an adaptive structure. Show Less
