WHAT HAPPENED WITH SIMD-228?

Summary from the TLDR Crypto newsletter

Solana's governance proposal SIMD-228, which aimed to reduce inflation by shifting to a dynamic model based on staking participation, failed to pass with 61.39% voting yes, below the required 66.67%, despite a record 74.29% stake participation from 70.13% of validators. The proposal's rejection keeps Solana's inflation rate at 4.7%, decreasing 15% annually, but the high engagement—surpassing Cosmos Hub (59.67%) and U.S. 2020 voter turnout (66.8%)—insinuates a maturing, engaged proof-of-stake community focused on the network's economic future.