Solana Validators Consider 14x Increase in SOL Burns

TLDR

• Solana validators are reviewing two separate proposals to change SOL supply growth.
• SIMD-0553 could raise daily SOL burns from about 648 to as much as 9,000.
• The fee model would charge transactions based on requested network resources.
• SIMD-0550 would increase Solana’s annual disinflation rate from 15% to 30%.
• Solana could reach its 1.5% inflation floor in 2029 instead of 2032.

Solana validators are weighing two supply changes that could slow SOL issuance and raise the amount burned through network fees. The proposals target both sides of Solana’s token supply, but neither has reached mainnet approval.

The first plan would change transaction fees through SIMD-0553. The second, SIMD-0550, would speed up the decline in SOL inflation. Each proposal would follow its own governance, development, and activation process.

Solana Validators Review Resource-Based Fees

Solana validators are gathering support for SGP-0003, which asks the network to pursue the fee model outlined in SIMD-0553. The proposal would replace the current flat base fee with a fixed inclusion charge and a separate resource fee.

… Continue reading the full article at the original source below.