Multichain Capital has introduced a proposal to address the inflation of Solana's native cryptocurrency, SOL. The proposal suggests moving away from the network's current fixed-rate issuance model to a market-driven mechanism called "Smart Emissions." This programmatic, market-based mechanism would dynamically adjust SOL issuance based on staking participation. The goal is to reduce inflation, spur greater adoption of SOL in DeFi, and stimulate economic activity and the development of new protocols. The proposal emphasizes the role of market mechanisms in achieving optimal outcomes and aims to instill confidence among investors and stakeholders. The proposal rejects simpler solutions and options that directly tie emissions to Maximum Extractable Value (MEV) revenues due to their inability to respond to changing conditions or potential exploitation.



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