DeFi Development Corp became the first Solana treasury to support SIMD-0411, a proposal to speed up emissions cuts as corporate holders face losses. Solana Digital Asset Treasury (DAT) DeFi Development Corp. (DFDV) expressed its support for a sweeping proposal aimed at accelerating the network’s disinflation schedule. On Tuesday, DFDV became the first Solana treasury to publicly endorse Solana Improvement Document (SIMD)-0411, a proposal to double Solana's annual disinflation rate from 15% to 30%, thereby reducing projected future emissions by over 22 million SOL over the next six years. “This proposal may come as a surprise to some, but its timing makes sense,” DFDV wrote. “The ecosystem has grown increasingly vocal about Solana’s current inflation schedule and its impact on SOL’s price.” Read more
VanEck’s amended BNB ETF filing scraps all staking plans, unlike its Solana product, explicitly distancing itself from BNB staking amid regulatory risk. Asset manager VanEck backed away from its earlier plans to stake assets in its proposed spot BNB exchange-traded fund, despite offering staking in its recently launched Solana product. In its updated S-1 filing to the US Securities and Exchange Commission (SEC) on Friday, VanEck said “the Trust will not employ its BNB in Staking Activities and accordingly will not earn any form of staking rewards or income of any kind from Staking Activities” at the time of listing. The filing further warns that “there can be no assurance that the Trust will engage in any Staking Activities” in the future, either. The company acknowledged that avoiding staking could cause the ETF’s performance to lag that of holding BNB (BNB) directly, noting that investors would forgo potential staking rewards. Read more