Solana development firm Anza said on Aug. 28 that the Solana testnet has activated the first phase of proposal SIMD-0437, kicking off testing for a mechanism that reduces account rent. The proposal includes five feature gates in total, and only the first one is live so far. That means the full set of changes has not yet been completed, and none of the remaining adjustments should be treated as deployed on mainnet.
If all five phases are completed, Solana’s lamports_per_byte parameter for storage costs is expected to fall from 6,960 to 696, a 90% reduction. Anza said that for a token account, the deposit required to keep the account rent-exempt is projected to drop from about $0.16 to $0.016. The change is intended to lower the cost of account creation and application deployment on the network.
Solana development firm Anza said on Aug. 28 that the Solana testnet has enabled the first phase of proposal SIMD-0437, starting tests for a mechanism designed to reduce account rent.
The proposal contains five feature gates in total. Only the first gate has been activated at this stage, so the full set of changes is not yet complete and has not been deployed to mainnet.
Once all five phases are finished, Solana’s storage cost parameter, lamports_per_byte, is expected to fall from 6,960 to 696, marking a 90% reduction. Using a token account as an example, the deposit needed to keep an account rent-exempt is projected to decline from about $0.16 to $0.016, which would lower the cost of account creation and application deployment.
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