According to Decrypt, Solana's validators have completed the network's first binding on-chain governance vote. SGP-0002, named "Double Disinflation," passed with 67.0% support, just above the 66.67% threshold. Crypto exchange Kraken consistently voted against the measure for most of the period before switching to support at the last moment. The proposal raises the annual decline rate of new SOL issuance from 15% to 30%, bringing the fixed 1.5% issuance floor to an expected 2029 instead of the original 2032, while cutting expected issuance by about 18.9 million SOL over six years. SGP-0001, the "Solana Constitution," was approved with 86.0% support and formalizes the framework for future governance votes. Staking yields are expected to decline from around 5.25% to about 2.25% within three years. SGP-0003, which would have split transaction fees into base and resource components and raised daily burns from about 650 SOL to as much as 9,000 SOL, failed with 53.9% support.
Solana validators completed the network's first binding on-chain governance vote, reports Decrypt. The results were split: two of three proposals passed, and one failed to clear the required bar.
SGP-0002, known as "Double Disinflation," passed with 67.0% support, barely above the 66.67% threshold. During the voting period, crypto exchange Kraken cast opposition votes before flipping to support at the last moment. The measure accelerates the annual decline in new token issuance from 15% to 30%, which moves the fixed 1.5% issuance floor from the original 2032 timeline to an expected 2029. Over the next six years, about 18.9 million fewer SOL are expected to be issued.
Also approved was SGP-0001, the "Solana Constitution," with 86.0% support among the participating stake. Its passage formally sets the framework for future governance votes. As a result of the issuance decline, staking yields are projected to fall from roughly 5.25% today to about 2.25% within three years.
The third proposal, SGP-0003 "Resource and Inclusion Fee," failed with 53.9% support, short of the two-thirds threshold. It would have split transaction fees into a base inclusion fee and a resource fee, while raising the daily burn from about 650 SOL to as much as 9,000 SOL.
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