Solana Inflation Cut Clears Vote with 67% Support
The narrower vote would cut projected SOL issuance by 18.9 million over six years, while the fee-change plan fell short of the two-thirds threshold.
- On Friday, Solana validators narrowly approved SGP-0002, dubbed "Double Disinflation," with 67% support, doubling the annual disinflation rate from 15% to 30% to reduce future SOL issuance.
- The vote marked Solana's first network-wide governance exercise, presenting three proposals that allowed validators and participants to directly influence how the blockchain makes decisions and manages token economics.
- Kraken switched its vote to support the measure just before the deadline. "We got all the votes in the last seconds and passed the disinflation proposal by a literal hair," Helius CEO Mert Mumtaz wrote.
- While SGP-0002 passed, voters rejected the Resource and Inclusion Fee proposal, SGP-0003, with only 53.9% support. Separately, the Solana Constitution, SGP-0001, passed easily with 95.35% support.
- Implementation will remove an estimated 18.9 million SOL from projected issuance over six years, reducing dilution for token holders. However, Solana Company, trading as HSDT, opposed the measure, arguing institutions need predictable economic rules.
23 Articles
23 Articles
Cointelegraph
The New York LedgerSolana Governance Approves Faster Reduction in SOL Issuance
The approved proposal doubles Solana’s annual disinflation rate from 15% to 30%, reducing future SOL issuance while leaving its long-term inflation target unchanged.
Solana inflation cut clears vote with 67% support
Solana’s proposal to double its annual disinflation rate has cleared a governance vote with 67% support, placing the network on course to reduce projected SOL issuance by 18.9 million tokens over six years. Solana inflation proposal narrowly clears required vote…
Solana Validators Pass Proposal to Speed Up SOL Disinflation
Solana validators have approved a change to the network’s token supply schedule that accelerates how quickly inflation is reduced. In finalized governance results, the “Double Disinflation” proposal (SGP-0002) won 67% support, with 25.16% voting against and 7.84% abstaining, based on the participation of 60.7% of eligible stake. The decision increases Solana’s annual disinflation rate from [...]
Solana Disinflation Vote Passes, Reducing SOL Issuance
A Solana disinflation vote has passed, setting the network on course to reduce the rate at which new SOL enters circulation, a governance outcome that places token supply policy at the center of the network's economic roadmap even as several implementation details remain unconfirmed.Read more...
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