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Market reaction to SIMD-0096 on SOL price by end of Q3 2024
5
Resolution / Starting Odds
Price increase • 33%
Price decrease • 33%
Price stability • 34%
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Solana Validators Approve SIMD-0096, Allocating 100% of Priority Fees
May 28, 2024, 06:13 AM
Solana validators have approved the SIMD-0096 governance proposal, which reallocates 100% of priority fees to validators, ending the previous 50/50 burn split. The vote concluded at the end of epoch 620 with 51.1% of stake participating and the proposal passing with 77.7% of the votes in favor, surpassing the required 66.66% threshold. Critics argue that removing the burn mechanism could increase SOL’s inflation rate and negatively impact the network. JupSOL now earns 50% of priority fees generated by the Jupiter Validator, with an additional 400 SOL distributed over the weekend. The decision has sparked debate over whether it was driven by the broader Solana community or by validator whales.
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Inflation rate of SOL increases • 50%
Inflation rate of SOL does not increase • 50%
Significant Increase • 33%
Moderate Increase • 34%
Decrease • 33%
Significantly Positive • 25%
Moderately Positive • 25%
Neutral • 25%
Negative • 25%
SOL price increase > 10% • 25%
SOL price increase <= 10% • 25%
SOL price decrease <= 10% • 25%
SOL price decrease > 10% • 25%
Increase by over 50% • 25%
Increase by 20-50% • 25%
Increase by less than 20% • 25%
Decrease or remain stable • 25%
Price Increase • 33%
Price Decrease • 33%
Price Stability • 34%
Below $100 • 25%
$100 - $160 • 25%
$160 - $200 • 25%
Above $200 • 25%
Both increase • 25%
Only Bitcoin increases • 25%
Only Solana increases • 25%
Neither increases • 25%
Decrease by more than 20% • 25%
Change within ±20% • 25%
Increase by 20-50% • 25%
Increase by more than 50% • 25%
Transaction volume increases • 50%
Transaction volume does not increase • 50%