Solana's Inflation Cut Proposal Passed with 67% Support: Helius CEO Mert Mumtaz's Final Lobbying Efforts.
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Solana Validators Narrowly Pass First Governance Vote to Double SOL Disinflation
Solana's first on-chain vote passed SGP-0002 by 67%, doubling disinflation and cutting about 18.9 million SOL in future issuance after a last-minute Kraken flip. The post Solana Validators Narrowly Pass First Governance Vote to Double SOL Disinflation appeared first on Cryptopress.
According to ChainCatcher, in Solana's first binding on-chain governance vote, the SGP-0002 proposal, aimed at accelerating the downward adjustment of SOL inflation, passed with 67% support. Driven by infrastructure service provider Helius, the proposal plans to increase Solana's annual inflation downsizing rate from 15% to 30%, accelerating the network to reach an end-point inflation level of 1.5%, and reducing the new issuance of SOL in the me…
Helius CEO Secures Last-Minute Votes to Slash Solana Inflation - Invest In Crypto News
Key Takeaways Solana validators passed SGP-0002 to double the disinflation rate, reducing the inflation schedule.CEO Mert Mumtaz pushed Kraken to shift its vote to Yes, securing the slim margin needed to pass.SGP-0003 failed to pass, avoiding the implementation of a new transaction fee model with a burn percentage. Solana Barely Passes Double Disinflation Proposal Validators of the Solana network achieved a milestone by passing Solana Governance…
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