Solana just passed the biggest tokenomics vote in its history.
SGP-0002 is live:
176.29M $SOL for
66.19M $SOL against
20.63M $SOL abstaining
72.7% support. Proposal doubles annual disinflation from 15% to 30%, cutting projected issuance by ~18.9M $SOL over 6 years.
The lineup:
FOR: Helius (99.5%), Jupiter, Kraken (90.3%), Galaxy, Drift, Phantom (66.1%), Jito, Raydium, Orca, Magic Eden, Backpack, Anza, Firedancer, BONK, Mad Lads
AGAINST: Figment, Everstake (91.9%), Twinstake (72.6%), P2P, Allnodes, Solana Company itself
ABSTAINED: Bitwise main validator (86%), Kiln, Bybit, SolBlaze
This is a major supply squeeze play. Less $SOL hitting the market = potential upward pressure if demand holds. But Solana Company voting against their own ecosystem's proposal? That's spicy.
Validators split hard. Infrastructure providers leaned for. OG staking ops leaned against.
Did $SOL just set itself up for a supply shock or create internal friction? Time will tell.
SGP-0002 is live:
176.29M $SOL for
66.19M $SOL against
20.63M $SOL abstaining
72.7% support. Proposal doubles annual disinflation from 15% to 30%, cutting projected issuance by ~18.9M $SOL over 6 years.
The lineup:
FOR: Helius (99.5%), Jupiter, Kraken (90.3%), Galaxy, Drift, Phantom (66.1%), Jito, Raydium, Orca, Magic Eden, Backpack, Anza, Firedancer, BONK, Mad Lads
AGAINST: Figment, Everstake (91.9%), Twinstake (72.6%), P2P, Allnodes, Solana Company itself
ABSTAINED: Bitwise main validator (86%), Kiln, Bybit, SolBlaze
This is a major supply squeeze play. Less $SOL hitting the market = potential upward pressure if demand holds. But Solana Company voting against their own ecosystem's proposal? That's spicy.
Validators split hard. Infrastructure providers leaned for. OG staking ops leaned against.
Did $SOL just set itself up for a supply shock or create internal friction? Time will tell.