A Solana proposal that would double the network’s deflation rate has already reached quorum with 27 hours remaining before voting closes, according to SolanaFloor. Current participation stands at 33.84%, with 25% of votes cast in favor.
If approved, the proposal would raise Solana’s deflation rate to 30%. SolanaFloor said that change could reduce SOL issuance by about 18.9 million tokens over the next six years. Based on the current price referenced in the report, that amount is worth roughly $1.47 billion.
The update points to active participation in the vote ahead of the deadline, while the final outcome still depends on how voting develops over the remaining 27 hours.
A Solana proposal to double the network’s deflation rate had already reached quorum with 27 hours left before voting closed, according to SolanaFloor.
Current participation stands at 33.84%, with 25% of votes in favor.
If the proposal passes, Solana’s deflation rate would double to 30%. SolanaFloor said the change is expected to reduce SOL issuance by about 18.9 million tokens over six years, equal to roughly $1.47 billion at the current price.
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