Solana CEO: The inflation reduction plan is premature and the impact is not fully understood

Michael Hubbard, Chief Executive Officer of Solana Infrestructure and Treasury ' s SOL Strategies, stated that Solana ' s proposal to double the rate of annual inflation reduction was premature and that the current inflation levels of about 4 to 4.5 per cent did not support accelerated reductions. He noted that the adoption of the SGP-0002 proposal did not take fully into account the implications for network participants. The proposal increases the annual rate of inflation from 15 per cent to 30 per cent. According to the final governance vote of Solana, SGP-0002 received 176.29 million SOL, or 67 per cent of the pledged participation. According to Hubbard, the current level of inflation is not extreme and reductions in distribution will not change SOL prices immediately or significantly。