Some folks asking why Sanctum voted FOR the Disinflation vote, since our business is tied directly to staking yields. The reason is simple: Sanctum is in the liquid staking business, not native staking. If there is an easy 5-8% nominal yield to earn without smart contract risk, SOL holders are less incentivized to liquid stake and go further out the risk curve into DeFi in search of yield e.g. leveraged looping on @kamino, etc. Reducing inflation in the long-run creates more demand for liquid staking and Solana DeFi at large, which benefits Sanctum in the long-run too. As you can see from the graph, only ~15% (65M) of SOL is liquid staked today. Meanwhile 430M is staked. That delta of ~365M between staked SOL and liquid staked SOL is the market opportunity. Finally, Sanctum makes its revenues in SOL. A stronger SOL means a stronger business. Official reasoning here