The SIMD-228 proposal required 66.67% approval but received only 43.6%, with 27.4% voting against it. This marked a significant event in Solana’s governance process, illustrating the importance of stakeholder engagement.

Currently, Solana’s inflation starts at 8% annually and can decrease significantly under this proposal. However, unchecked inflation can create selling pressure on SOL, adversely affecting its price and usage.

Although the proposal failed, it emphasized the need for effective governance in the Solana ecosystem. Stakeholder engagement and active participation remain crucial for future initiatives.