- Solana’s SGP-0002 passed with 67.00% support, just above the two-thirds supermajority required for adoption.
- The measure doubles annual disinflation from 15% to 30%, targeting the 1.5% inflation floor around 2029 instead of 2032.
- Authors estimate about 18.9 million fewer SOL will be issued over the next six years.
- Kraken’s largest validator flipped most of its 8.92 million SOL stake from against to for in the final hours.
- A separate fee-burn proposal, SGP-0003, failed with 53.90% support.
Solana validators on Friday narrowly approved a plan to speed up cuts to new SOL issuance, completing the network’s first binding on-chain governance cycle after last-minute vote switches from large operators. Official results on the Solana validator governance portal show SGP-0002 finished with 176.29 million SOL in favor, 66.19 million against and 20.63 million abstaining, or 67.00% support — just 0.33 percentage points above the two-thirds bar.
Participation reached 60.70% of the 433.49 million SOL eligible under the snapshot, clearing the one-third quorum. The proposal, authored by Lostin and 0xIchigo of Helius and filed as a Solana governance pull request, doubles the annual disinflation rate from 15% to 30% while leaving the 1.5% terminal inflation floor unchanged. Modeling attached to the measure estimates the path to that floor shortens from about 5.7 years to 2.8 years, removing roughly 18.9 million SOL from projected emissions over six years.
The finish was not settled until the closing window. CoinDesk reported that a Kraken-linked validator representing about 2% of voting weight moved from against to for shortly before the deadline, while Galaxy-linked stake of about 1.7% shifted from mostly abstaining to majority support. On-chain records list Kraken 2 with 8,917,576 SOL recast at 10:37 UTC as 90.34% for. Helius CEO Mert Mumtaz, a backer of the change, wrote on X that “after 500 calls in the past few hours, we got all the votes in the last seconds and passed the disinflation proposal by a literal hair.”
The same cycle produced a mixed economic outcome. The governance dashboard shows SGP-0001, which ratifies a Solana Constitution for future network votes, passed with 85.97% support. SGP-0003, a resource and inclusion fee overhaul that would have increased daily burns, failed at 53.90%. Decrypt reported that staking yields are projected to compress from about 5.25% toward 2.25% within three years if issuance falls as modeled, a trade-off cited by validators that opposed faster disinflation to protect reward income.
Approval does not immediately change issuance. The governance portal lists SGP-0002 as finalized and ready for on-chain execution, which still requires client coordination around the related SIMD-0550 change. SOL traded near $105 after the result, according to market data cited alongside the vote coverage, leaving traders to weigh lower long-run supply against thinner staking payouts and an activation timeline that is not yet live.
