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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:

• Why he believes the proposal was necessary
• Whether inflation is too high for Solana’s long-term health
• If some validators voted against their own interests
• The silver lining of the governance process
• Why a smaller proposal focused on fee sharing did pass
• Whether Multicoin Capital will resubmit a revised proposal

Thank you to our sponsors!

• BitKey: Use code UNCHAINED for 20% off
• Mantle

Guest

• Tushar Jain, Co-founder and Managing Partner at Multicoin Capital

Links

• Unchained: Proposal to Cut SOL Inflation by 80% Fails After ‘Close Call’
• SIMD Vote Status
• Kayuza’s tweet