Solana community proposes doubling inflation reduction speed

The Solana (SOL) community has put forward a governance proposal, SIMD-0411, to double the rate at which its inflation decreases, Cointelegraph reported. The proposal aims to increase the inflation reduction rate from the current 15% to 30%. If passed, Solana's inflation rate would reach its target of 1.5% by early 2029, three years ahead of the original 2032 schedule.