The developers of the cryptocurrency Solana (SOL) want to halve inflation to slow down the rise in the supply of coins.

The programmer under the pseudonym lostintime101 published a proposal for the improvement of the Solana blockchain called SIMD-0411, which provides for a reduction in the emission of SOL by 22.3 million coins worth $2.9 billion at the current exchange rate over the next six years. As a result:

The inflation rate of the digital asset will drop from 4.18% to 1.5% over four years;
The yield from staking will decrease from 6.41% to 2.42% in the third year after the initiative is implemented;
27 out of 47 blockchain validators will stop receiving profits after three years.
It is obvious that the decrease in SOL staking yields will lead to a drop in the amount of locked coins, but lostintime101 sees this as a positive aspect, as he advocates for an increase in the circulating supply of assets. The reduction in the inflation rate will benefit Solana holders, as it will positively impact the cryptocurrency's exchange rate.
The current disinflation model provides for a more gradual reduction in emissions and a transition to an inflation rate of 1.5% by the beginning of 2032. The authors of SIMD-0411 plan to double the speed of this process and achieve an inflation rate of 1.5% as early as the beginning of 2029 if the update is released in the first quarter of next year. On GitHub, the proposal was supported by 361 developers and no one spoke against it, so the update may be released by the specified deadline.