Multicoin Capital is proposing a new token emission model, SIMD-0228, for the Solana network in order to reduce inflation. The proposal introduces a variable-rate system based on the staking participation rate. If the participation rate falls below 50%, new token issuance will increase to reward stakers and validators, while if the rate exceeds the target, token issuance is restricted. This proposal follows a previous one, SIMD-0096, which aimed to improve incentives for validators but raised concerns about inflation. The proposal has not yet been implemented, but approximately 65% of SOL's circulating supply is currently staked.



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