"The combined effect of SIMD 096 and SIMD 0228 is estimated to reduce SOL's annual selling pressure by 677 million to $1.10 billion," said Matthew Sigel, chief research officer at VanEck Digital Assets. "While SIMD 096 increases tax-related selling pressure by eliminating the 50 per cent priority fee destruction mechanism, SIMD 0228 is expected to fully offset this effect." As previously reported, Solana's SIMD 0228 proposal is now open to move SOL issuance to a market-driven model. A vote is expected in approximately 10 days. The proposal sets a target pledge rate of 50% to enhance the security and decentralization of the network. If more than 50% of SOL is pledged, the issuance will be reduced, thereby discouraging further pledging by lowering the yield; if less than 50% of SOL is pledged, the issuance will increase to increase yield and encourage pledging. The minimum inflation rate will be 0%, while the maximum inflation rate will be determined based on the current Solana issuance curve.