Solana SIMD-0389 Proposal Aims to Slash Account Creation Rent by 10–100x, Releasing Billions of Dormant SOL

COINOTAG News, December 12, reported that Brennan Watt, Vice President of Engineering at Anza—the Solana-focused R&D firm—spoke at the Solana Breakpoint conference about Proposal SIMD-0389. Watt indicated the proposal could reduce Solana account creation rent by about 10x, with potential improvements approaching 100x under certain deployment scenarios.

In the Solana ecosystem, Account Rent is the storage fee required to permanently keep data on-chain. The SIMD-0389 approach aims to alter this rent model, potentially lowering ongoing costs for developers and users while preserving data integrity and availability.

Anza‘s security slowdown mechanism analysis, discussed at SolanaConf, suggests the change could unlock billions of dormant SOL, enabling broader adoption while maintaining network security.