Solana community members are voting on two governance proposals, SGP-0002 and SGP-0003, that seek to tighten the supply of SOL through a combined approach of lower new issuance and higher token burn, according to BlockBeats.
Both proposals have entered the voting stage, though neither has yet reached the one-third participation threshold required for approval.
SGP-0003 targets higher daily SOL burn
SGP-0003 corresponds to SIMD-0553 and would introduce a transaction fee model based on resource consumption, charging users according to the network resources used by a transaction.
Under the proposal’s estimates, that mechanism could increase daily SOL burn from roughly 650 SOL, worth about $65,000, to between 7,500 and 9,000 SOL, equal to about $750,000 to $900,000 based on the pricing figures cited in the report.
SGP-0002 would speed up inflation reduction
SGP-0002 corresponds to SIMD-0550 and would double the pace of Solana’s annual inflation decline. That would move the network’s 1.5% minimum inflation target to 2029 instead of the originally planned 2032.
The proposal is expected to reduce SOL issuance by about 18.9 million tokens over the next six years. At current prices cited in the report, that amount is valued at about $1.89 billion.
Where the vote stands now
Current turnout for SGP-0002 is 16.71%, including 16.24% in favor, 0.31% against, and 0.16% abstaining.
For SGP-0003, turnout stands at 13.53%, with 13.23% in favor, 0.27% against, and 0.03% abstaining.
Each proposal needs one-third participation to pass. Voting is still ongoing, and the outcome will depend on whether turnout and support continue to build. If approved, the two measures would adjust Solana’s token supply structure by cutting new issuance and expanding fee-based burn.