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VanEck executives: The combined effect of SIMD 096 and SIMD 0228 is expected to reduce SOL annual selling pressure by $677 million to $1.1 billion

Matthew Sigel, Director of Digital Asset Research at VanEck, said, "It is estimated that the combined effects of SIMD 096 and SIMD 0228 will reduce SOL's annual selling pressure by 677 million to 1.1 billion US dollars. Although SIMD 096 increases selling pressure related to taxes by eliminating the 50% priority fee destruction mechanism, it is expected that SIMD 0228 will completely offset this impact."

Earlier reports stated that Solana's SIMD 0228 proposal is now open, aiming to shift SOL issuance to a market-driven model. A vote is expected to take place in about 10 days. The proposal sets a target staking rate of 50% to enhance network security and decentralization. If more than 50% of SOL is staked, the issuance will decrease, thereby suppressing further staking by lowering 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 issuance curve of Solana.

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