Show notes
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 necessaryWhether inflation is too high for Solana’s long-term healthIf some validators voted against their own interestsThe silver lining of the governance processWhy a smaller proposal focused on fee sharing did passWhether Multicoin Capital will resubmit a revised proposalVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!BitKey: Use code UNCHAINED for 20% offMantleGuestTushar Jain, Co-founder and Managing Partner at Multicoin CapitalLinksUnchained: Proposal to Cut SOL Inflation by 80% Fails After ‘Close Call’SIMD Vote StatusKayuza’s tweet 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 megaphone.fm/adchoices
