Solana inflation cut is premature, SOL Strategies CEO says

Solana’s plan to double its annual disinflation rate has drawn criticism from SOL Strategies CEO Michael Hubbard, who has argued that the network’s current inflation of about 4% to 4.5% does not justify an accelerated reduction. Summary SGP-0002 passed with 67% support, narrowly clearing Solana’s two-thirds threshold. Hubbard said the inflation change was rushed and unlikely to produce a measurable effect on SOL’s price. SOL Strategies’ CEO said SGP-0003 passed under the voting rules communicated before ballots opened. The Nasdaq-listed infrastructure company operates Solana validators, staking services and a SOL treasury. Solana inflation cut has come too early, Hubbard says Michael Hubbard, CEO of Solana infrastructure and treasury company SOL Strategies, told crypto.news that the inflation change was premature and had been pushed through before its effects on network participants were fully understood. SGP-0002, known as Double Disinflation, would increase the rate at which Solana’s inflation falls each year from 15% to 30%. The proposal retained the network’s existing terminal inflation rate of 1.5% but shortened the estimated time needed to reach it from 5.7 years to about 2.8...