ChainCatcher message, according to Anza monitoring, the second step of the Solana proposal SIMD-0437 rent reduction will take effect on the mainnet at 21:15 UTC, corresponding to epoch 1033. At that time, the number of lamports required per byte will decrease from 6333 to 5080, representing a cumulative drop of about 27% from the initial level. Deposits required for on-chain storage, such as creating token accounts, will further decrease.
There is no fixed schedule for subsequent steps. Step 3 will be initiated after on-chain state growth is confirmed to be safe. If any anomalies occur, SIMD-0438 can be used as a fallback mechanism to adjust the rent parameters back. Of the current five-step plan, three steps remain.
There is no fixed schedule for subsequent steps. Step 3 will be initiated after on-chain state growth is confirmed to be safe. If any anomalies occur, SIMD-0438 can be used as a fallback mechanism to adjust the rent parameters back. Of the current five-step plan, three steps remain.