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Multicoin Capital was one of Solana’s early investors. Now it’s trying to change the network’s inflation mechanism.

The Austin, Texas-based firm published a Solana Improvement Document this morning that would change SOL emissions from the current fixed schedule to a market-based solution. Multicoin’s proposal would likely drive down inflation — which dilutes SOL holders — but would also lower staking yields, which are a boon for SOL stakers.

In Solana terms, inflation refers to the network issuing SOL to the validators who run Solana’s software and help build the blockchain….

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