Solana‘s rent reform could free 3.08M SOL – But is it really an ’airdrop？
The Solana network and its ecosystem underwent two significant changes within one week. Validators first approved a plan to reduce future SOL issuance by 18.9 million. AMBCrypto previously reported on the disinflation proposal. Now, Solanas rent system is also changing, potentially unlocking millions of SOL held inside existing accounts. How does Solanas rent reduction work？ On September 3rd, Solana activated rent reduction. With the activation, the network will reduce storage bins for onchain accounts by approximately 90%. According to Solana Floor, the first stage lowers the Lamports-per-byte requirement from 6,960 to 6,333, through five feature gates. This will mark a 9% drop. The already existing accounts will keep their lamports, so each activated reduction will leave them above the new minimum. The excess funds could be withdrawn without closing the account. Discover more exchange-traded funds Currencies & Foreign Exchange Digital Currencies How much could be surplus funds？ Solana activated its rent reduction on the 3rd of September. The complete rollout will reduce storage costs for on-chain accounts by approximately 90%. According to Solana Floor, the first stage reduced the Lamports-per-byte requirement from 6,960 to 6,333. This represented a 9% reduction across five feature gates. Existing accounts will retain their Lamports, leaving them above the newly reduced minimum. Consequently, account holders could withdraw the surplus
