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Eugene Chen
@0xShitTrader
Joined January 2022
331 Following    14.5K Followers
Most apps should prefer lower inflation as it activates more SOL in DeFi, at the margin. I believe entities that currently take a clip off staking "yield" are most likely to be opposed. Custodians, validators, etc. It's a perspective based on 2021 crypto accounting practices, and probably one of the biggest sources of misalignment between stakers and their validators. Stakers should make their voices heard and vote YES on SGP-0002.
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It seems that many people randomly voted no for Solana disinflation velocity at last second instead of having any discussion under a false facade of thinking it somehow preserves extra revenue through yield for them The math is that if you believe avoiding an extra 19M SOL being printed can affect valuation by as little as 1.03%, it'd be more profitable to vote yes, even as someone who relies on inflation yield, not to mention the mimetic element for new capital The people who prefer the quantity of the asset vs the value of it should immediately move to Venezuela and let other SOL holders know how that works out It is mathematically nonsense to vote no to preserve miniscule marginal inflation revenue unless you believe that inflation is less than a 1% factor in the valuation of an asset
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