Solana Co-founder proposes minting against tokenized collateral SOL as a public concept
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AT A GLANCE
Solana Co-founder Toly proposed a concept to mint SOL against tokenized collateral and levy taxes on transaction profits.
Article
Solana Co-founder: Proposed minting against tokenized collateral SOL and levying a profit tax
BlockBeats reported that October 25，Solana co-founder Toly proposed a SIMD concept aimed at “making SOL a currency.” His proposal is for an oracle weighted by validator staking to mint SOL based on any tokenized collateral to facilitate transactions, and to tax the profits generated by such transactions. This concept is currently only under public discussion; no formal proposal text or implementation timeline has been seen.
Original link https://m.theblockbeats.info/flash/373594
Key points
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October 25，Solana Co-founder Toly proposed a SIMD concept.
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The concept aims to “make SOL a currency.”
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The proposal envisions an oracle weighted by validator staking minting SOL based on any tokenized collateral to facilitate transactions, with taxes levied on transaction profits.
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This concept is currently only under public discussion; no formal proposal text or implementation timeline has been seen.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a public concept concerning SOL issuance and trading mechanisms, not a plan that has already been implemented. The core idea is to use tokenized collateral, with minting supported by an oracle weighted by validator staking, to mint SOL。
Why it matters to readers
If a formal proposal is developed and implemented in the future, it could affect SOL’s collateral, minting, and trading mechanisms; its actual impact cannot yet be determined.
Beginners can understand it as follows: someone proposed using other tokenized assets as collateral to generate SOL and levy taxes on the related profits, but the proposal has not yet been implemented.
Risks and unknowns
No formal proposal text has been seen yet.
There is currently no implementation timeline.
It remains unclear whether the concept will enter the governance process or receive support.
The specific mechanism parameters and actual economic impact have not yet been determined.
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Related concepts
SIMD
This term is not in the glossary yet. Browse related concepts in the glossary.
