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 publi
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.
Three Solana Governance Proposals were put to stake-weighted votes in the network’s first on-chain governance exercise. SGP-0001, a constitution establishing participation requirements, vote weighting, and approval thresholds for major network decisions, passed comfortably. SGP-0002, the disinflation measure, passed with about 67% support, just above the two-thirds supermajority required. SGP-0003, which would have restructured transaction fees into a base inclusion fee and a burned resource fee to remove more SOL from circulation, failed with roughly 54% support, leaving the current fee structure unchanged. All three proposals met the participation quorum.
The disinflation vote was not settled until the final minutes. According to CoinDesk, a Kraken-linked validator controlling about 2% of the vote flipped from against to for as the deadline approached, while asset manager Galaxy, with roughly 1.7% of the vote weight, reallocated its stake from predominantly abstaining to majority support. Participation reached about 60.7% of eligible stake, clearing the one-third quorum requirement. Helius CEO Mert Mumtaz, a vocal supporter of the change, described the result as passing “by a literal hair.”
SGP-0002 doubles SOL’s annual disinflation rate from 15% to 30%, a change earlier detailed when it advanced as SIMD-550, shortening the path to the 1.5% terminal inflation rate from roughly 5.7 years to 2.8 years. The measure is projected to reduce SOL emissions by about 18.9 million tokens over six years, easing long-term supply pressure. Because staking rewards scale with nominal issuance, the faster disinflation is expected to compress staking yields over the next two years, which analysts expect to push some capital out of staking and into the broader Solana economy. The full impact will depend on network activity and validator behavior once the changes take effect.
