Solana2026-09-08 12:20:17Solana passes SGP-0002, putting staking yields on track to fall to 2.25% in about three yearsSolana validators approved SGP-0002 on Aug. 28, raising the network’s annual disinflation rate from 15% to 30% and setting a steeper path for issuance to decline. The measure passed with 67.001% support, just 0.334 percentage points above the two-thirds threshold, making it the first binding proposal to clear Solana’s new on-chain governance framework and the first time validators agreed to cut issuance. Voting data showed about 176.29 million SOL in favor, 66.19 million against, and 20.63 million abstaining, with 1326 validators participating and turnout reaching 60.7% of roughly 433.49 million eligible staked SOL. A late vote switch by Kraken’s larger node, along with changes from other participants and the use of override voting by JitoSOL holders, helped push the proposal over the line. The proposal does not immediately change issuance on-chain. Its parameters still need to be implemented through SIMD-0550, tested, coordinated across clients, and activated. Based on estimates cited in the proposal and by 21Shares, nominal staking yield could fall from about 5.25% now to roughly 4.34% in year one, 3% in year two, and 2.25% in year three.940
Solana2026-08-31 03:11:08Kraken Reverses Vote as Solana Inflation Proposal Passes by 0.334 PointsSolana’s first network-wide governance vote ended in a razor-thin win for SGP-0002, a proposal to speed up the chain’s disinflation schedule. The measure passed at the end of epoch 1024 with 67.001% support, just 0.334 percentage points above the two-thirds threshold. The outcome turned in the final stretch after Kraken-linked validator Kraken 2 switched back to supporting the measure, Galaxy Digital moved from abstain to yes, and JitoSOL holders used Solana’s staker sovereignty mechanism to override validators and cast votes with their own stake weight. The proposal would double Solana’s annual disinflation rate from 15% to 30%, bringing the network’s 1.5% terminal inflation target forward by roughly three years, to around 2029 instead of 2032. Over six years, that would reduce planned issuance by about 18.9 million SOL, or roughly 2.6% of the current supply, valued in the source article at about $2 billion at current prices. Even so, the change still requires separate implementation through SIMD-0550, which remained under review at publication, meaning the governance result is a mandate rather than a self-executing protocol change.1160
Solana2026-08-29 21:26:52Solana's First Binding On-Chain Vote Passes SGP-0002, Speeding Up SOL Inflation ReductionSolana's first binding on-chain governance vote approved SGP-0002 with 67% support. The Helius-backed proposal doubles the annual disinflation rate to 30%, accelerating SOL's path to a 1.5% terminal inflation. Kraken2 flipped to support near the deadline, and staking participation hit 60.7%.950
Solana2026-08-28 17:47:42Solana's First Binding Governance Vote Passes SGP-0002, Pulling 1.5% Issuance Floor to 2029According 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.1090
Solana2026-08-28 15:34:08Solana’s first on-chain governance vote ends with SGP-0003 rejected after fee model disputeSolana’s first formal on-chain governance vote has closed, sending SGP-0001 and SGP-0002 into implementation while rejecting the more contentious SGP-0003 proposal. The three proposals, which opened for voting on Aug. 23, covered a formal governance framework, changes to SOL’s inflation schedule, and a redesign of transaction fees. SGP-0001 and SGP-0002 cleared the required thresholds of one-third participation from all valid staked SOL and a two-thirds approval ratio among votes cast. SGP-0003, which would have overhauled how the network prices blockspace, received 54.3% support, below the 66.6% bar. The split exposed competing priorities inside the Solana ecosystem. Supporters said charging more for resource-heavy transactions would better align costs with network usage and could sharply increase SOL burned through fees. Critics, including application developers, argued the proposal would raise costs for complex on-chain activity and make core business assumptions subject to governance risk. The vote leaves Solana with a new governance process and a faster path to lower inflation, but without consensus on how its growing financial infrastructure should price network resources.510
Solana2026-08-28 02:29:53Solana’s dual-deflation proposal SGP-0002 reaches quorum with 68.56% supportSolana’s dual-deflation proposal, SGP-0002, has reached the quorum threshold, according to Odaily. Current voter participation stands at 47.26%, with 68.56% of votes cast in favor, and roughly 13 hours remaining before the vote closes. The proposal seeks to raise Solana’s annual deflation rate from 15% to 30%. If adopted, the time needed to reach the network’s terminal inflation rate of 1.5% would be shortened from about 5.7 years to about 2.8 years. The proposal also estimates that new SOL issuance could be reduced by about 18.9 million tokens over the next six years. The update reflects the latest vote count and participation level at the time of publication.1140
Solana2026-08-24 02:08:10Solana validator governance proposals SGP-0001 to SGP-0003 open for votingSolana Developers said voting has opened on three validator governance proposals: SGP-0001, SGP-0002, and SGP-0003. The voting period will remain open until the end of epoch 1023. According to the post, SGP-0001 would adopt a Solana Constitution and activate an on-chain governance mechanism. SGP-0002 proposes raising the deflation rate from the current -15% to -30%. SGP-0003 would overhaul the base transaction fee structure by splitting it into a fixed base inclusion fee paid to block producers and a separate resource fee, calculated based on transaction cost, that would be 100% burned. The update was shared by Solana Developers on X.1140
Solana2026-08-04 06:08:52Solana’s dual-deflation proposal enters support phase as annual deflation target is set to doubleSolana’s dual-deflation proposal, SGP-0002, has moved into the support phase, according to Odaily. To advance to a full governance vote, the proposal must secure 10% of active stake, equal to 43.27 million SOL. Current support stands at 27.19 million SOL, or 41.9% of that threshold. The proposal would raise Solana’s annual deflation rate from 15% to 30%. If approved, that change would shorten the time needed to reach the network’s terminal inflation rate of 1.5% from about 5.7 years to about 2.8 years. It would also reduce SOL issuance by about 18.9 million tokens over six years. The update marks a procedural step rather than final approval, with the proposal still needing to meet the active stake requirement before moving into the broader governance voting stage.1960
