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Solana co-founder outlines plan to fund buys by minting more SOL
The idea would rely on Solana governance to authorize a directional mandate, but it still does not name a legal buyer or define who could hold revenue and execute acquisitions.
Solana co-founder Anatoly Yakovenko has floated a tokenomics cycle in which SOL supply would expand and new tokens would be used to pay for an acquisition, with revenue from the acquired business then funding purchases and burns of SOL, which he framed as returning value to holders.
In an Aug. 15 post and an Aug. 16 follow-up, Yakovenko described the concept as more bullish than simply lowering inflation and clarified that company revenue would fund SOL purchases and burns. However, the proposal mechanics around issuance size, acquisition steps, and authority to direct transactions remain undefined.
A review of the official merged-proposal directories as of Aug. 18 reportedly found no acquisition-related proposal identified as SGP or SIMD. The coverage notes that Solana governance could, in theory, provide a directional mandate through a validator vote account with at least 100,000 SOL staked, with voting open at 15% support of active stake and approval requiring two-thirds of decisive stake.
The same materials also highlight structural gaps, including that the referenced governance framework does not specify who would sign purchase agreements, hold assets, appoint management, or direct revenue. The article further points to a separate SIMD-0553 draft that estimates Solana currently burns about 648 SOL per day from signature fees at roughly 3,000 transactions per second, compared with about 60,000 SOL of daily inflation, but says that document does not authorize Yakovenko’s acquisition mechanism.
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