Solana validators narrowly approved SGP-0002, a proposal to accelerate reductions in new SOL issuance, after several major validators switched their votes in the final minutes.
The proposal passed with 67% support, barely clearing the required two-thirds threshold. About 25% voted against and 7.84% abstained, while participation reached 60.7% of eligible stake.
The outcome remained uncertain until the final hour. A Kraken-linked validator representing roughly 2% of voting power switched from opposition to support, while Galaxy reallocated much of its roughly 1.7% voting weight from abstention to support shortly before the deadline.
SGP-0002 doubles Solana’s annual disinflation rate, meaning SOL issuance will decline more rapidly toward the network’s long-term inflation target.
The vote was part of Solana’s first network-wide governance process. SGP-0001, which establishes a governance framework for future network decisions, passed with 95.35% support. Meanwhile, SGP-0003, which proposed changes to transaction fees that would increase SOL burning, failed with about 54% support.
SOL traded near $106, down roughly 1.2% over 24 hours. $SOL
The proposal passed with 67% support, barely clearing the required two-thirds threshold. About 25% voted against and 7.84% abstained, while participation reached 60.7% of eligible stake.
The outcome remained uncertain until the final hour. A Kraken-linked validator representing roughly 2% of voting power switched from opposition to support, while Galaxy reallocated much of its roughly 1.7% voting weight from abstention to support shortly before the deadline.
SGP-0002 doubles Solana’s annual disinflation rate, meaning SOL issuance will decline more rapidly toward the network’s long-term inflation target.
The vote was part of Solana’s first network-wide governance process. SGP-0001, which establishes a governance framework for future network decisions, passed with 95.35% support. Meanwhile, SGP-0003, which proposed changes to transaction fees that would increase SOL burning, failed with about 54% support.
SOL traded near $106, down roughly 1.2% over 24 hours. $SOL
