Yesterday's governance vote on adjusting Solana’s inflation model has concluded — no changes will be made. SOL’s inflation rate remains at 4.6% annually, gradually decreasing by 15% each year until stabilizing at 1.5% (details).
However, the bigger picture raises important questions. Majority-based governance in crypto is a double-edged sword. Imagine Satoshi Nakamoto resurfacing decades from now, only to find their 1M+ BTC — once 5% of the total supply — diluted to 0.5% because a “majority” voted to tweak Bitcoin’s rules.
In Proof-of-Stake networks like Solana, this isn’t just about numbers — unlike in Bitcoin. Your stake’s value and influence depend directly on your share of the total supply.
Centralized systems have already demonstrated the risks of surrendering control over monetary policy. Why replicate that in crypto? A majority shouldn’t dictate the value of what you own.
Thankfully, Solana’s community chose stability this time. Just as 1 BTC = 1 BTC, 1 SOL still equals 1 SOL — no surprises, no abrupt changes — your assets retain their integrity.
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