Solana's first binding on-chain governance vote has ended with SGP-0002 passing at a 67% approval rate. The proposal, aimed at accelerating SOL's disinflation schedule, was driven by infrastructure provider Helius. It raises the annual disinflation adjustment speed from 15% to 30%, pushing the network toward its 1.5% terminal inflation target sooner and reducing new SOL issuance over the medium and long term.
Heading into the final hours, support had yet to reach the two-thirds threshold required for passage. Helius CEO Mert Mumtaz spent that stretch contacting validators and institutions. Kraken's validator node, Kraken2, switched its stance from opposition to support near the cutoff.
The final tally shows 67% in favor, 25% against, and 7.84% abstentions. Staking participation came in at 60.7%, meeting the quorum requirement. Mumtaz said the proposal secured the decisive votes in the final stage after hundreds of conversations.