Solana Inflation Cut Clears Vote with 67% Support
Validators approved a faster disinflation schedule and rejected a fee model that would have lifted daily SOL burns to as much as $800,000.
- On Friday, Solana validators approved the 'Double Disinflation' proposal, SGP-0002, with 67% support, accelerating the network's annual SOL issuance decline from 15% to 30%.
- The vote marked Solana's first network-wide governance exercise, presenting three proposals to validators regarding blockchain decision-making and token economics, including SGP-0001, which established the network's constitution.
- "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," Helius CEO Mert Mumtaz wrote, as Kraken 2 switched its vote to support.
- While the constitution proposal passed easily, voters rejected SGP-0003, the Resource and Inclusion Fee proposal, which reached 53.9% support but fell short of the required two-thirds majority.
- US-Listed Solana ETFs have attracted roughly $1.7 billion in cumulative net inflows, while the Bitwise Solana Staking ETF recently surpassed $1 billion in assets, signaling sustained institutional demand.
34 Articles
34 Articles
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 Governance Approves Faster Reduction in SOL Issuance - Invest In Crypto News
Solana validators have approved a proposal to double the network’s annual disinflation rate, reducing future SOL issuance. According to finalized voting results, the proposal received 67% support, with 25.16% voting against and 7.84% abstaining. Overall participation reached 60.7% of eligible stake. The proposal, known as SGP-0002 or Double Disinflation, increases Solana’s annual disinflation rate from […] The post Solana Governance Approves Fas…
Solana Narrowly Passes Double Disinflation Vote
Solana’s first network-wide governance vote concluded Friday, with validators narrowly approving a proposal to double the pace at which new SOL issuance is reduced, according to results published on the network’s official governance portal. SGP-0002, known as “Double Disinflation,” cleared the two-thirds approval threshold with roughly 67% support, marking the first time validators have voted directly on the network’s core economic rules. What t…
Validator Reversal Pushes Solana Disinflation Vote Over Line
Summary: SGP-0002 cleared Solana’s two-thirds approval threshold by just 0.334 percentage points. The change accelerates the decline in SOL inflation […] The post Validator Reversal Pushes Solana Disinflation Vote Over Line appeared first on CoinsPress.
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