gm. ok real talk, i've been staring at this all morning and i just need to say it out loud.
$SOL validators are backing a proposal to burn 14x more SOL daily to speed up disinflation. that's the community deciding the current emission schedule is too slow and they want to force the issue.
i actually think this is the most honest thing solana's network has done in a while. a whale just opened a $22.7 million long, ETF assets are sitting at $870 million, and the price is still at $76 holding above a broken wedge. the burn proposal is the piece most people are sleeping on.
here's the part that should make you think twice though: burning 14x more SOL daily means validators take a hit on rewards. the people voting yes are voting against their own short-term income. when validators do that, they usually believe the supply story matters more than the next epoch's payout. that's a signal worth reading.
the crowd that says this is just narrative will have a point until the burn rate actually shows up on-chain. so that's the real test sitting right in front of us.
#Solana
$SOL validators are backing a proposal to burn 14x more SOL daily to speed up disinflation. that's the community deciding the current emission schedule is too slow and they want to force the issue.
i actually think this is the most honest thing solana's network has done in a while. a whale just opened a $22.7 million long, ETF assets are sitting at $870 million, and the price is still at $76 holding above a broken wedge. the burn proposal is the piece most people are sleeping on.
here's the part that should make you think twice though: burning 14x more SOL daily means validators take a hit on rewards. the people voting yes are voting against their own short-term income. when validators do that, they usually believe the supply story matters more than the next epoch's payout. that's a signal worth reading.
the crowd that says this is just narrative will have a point until the burn rate actually shows up on-chain. so that's the real test sitting right in front of us.
#Solana