Solana co-founder toly expressed support for the SIMD-0228 proposal

ChainCatcher news, Solana co-founder Anatoly Yakovenko (toly) expressed his support for the SIMD-0228 proposal. Previously, David Grider, a partner at Finality Capital Partners, argued that the points mentioned in the SIMD-0228 proposal are flawed, stating that high staking rewards are detrimental to DeFi yields; inflation increases selling pressure and should be judged based on network fees; high staking rewards reduce the demand for ETFs; staking returns are not optimized for U.S. taxes like capital gains; higher staking yields do not lead to higher prices; and the relevant staking formula will optimize the staking ratio, thereby addressing security issues (which he views as the most significant security risk and a flawed approach).

David Grider also stated, "The proposal does raise the right questions. How much inflation is needed? But before making changes, we have other questions to answer. Let's slow down and do more work to understand the impacts." In response, toly said, "This is crucial; reducing the inflation rate will actually slow down the process."

SIMD-0228 introduces a market-driven release mechanism based on staking participation rates. This mechanism employs a static curve to reduce the total issuance rate through the square root coefficient of the staking participation rate.