VanEck executives: The combined effect of SIMD 096 and 0228 proposals is expected to reduce annual SOL selling pressure to $1.1 billion

Odaily News Matthew Sigel, director of digital asset research at VanEck, said in a post on the X platform, "It is estimated that the combined effect of the SIMD 096 and SIMD 0228 proposals will reduce the annual selling pressure of SOL by $677 million to $1.1 billion. While SIMD 096 increased tax-related selling pressure by canceling the 50% priority fee destruction mechanism, SIMD 0228 is expected to completely offset this effect." Solana's SIMD 0228 proposal is now open, aiming to shift SOL issuance to a market-driven model. The proposal sets a target staking rate of 50% to enhance the security and decentralization of the network. If more than 50% of SOL is staked, the issuance will be reduced, thereby inhibiting further staking by reducing the yield; if less than 50% of SOL is staked, the issuance will increase to increase the yield and encourage staking. The minimum inflation rate will be 0%, while the maximum inflation rate will be determined based on the current Solana issuance curve.