Solana co-founder proposes SOL minting for company acquisition

Solana co-founder Anatoly Yakovenko has proposed a new tokenomic model involving the minting of additional SOL tokens to acquire a company. Under this proposed cycle, the revenue generated by the acquired business would be used to repurchase and burn SOL, a move Yakovenko suggests could be more bullish for holders than simply lowering inflation.

However, the proposal currently lacks clarity regarding the legal and operational mechanics. Key questions remain unanswered, including who would act as the legal buyer, how the ownership structure would be organized, and who would control the company's revenue.

While Solana's governance framework could potentially provide a directional mandate through validator votes and technical proposals (SIMD), the current protocol does not grant the network the authority to purchase companies. The distinction between the Zug-based Solana Foundation and the separate Solana Labs further complicates the potential for such an acquisition.