SGP

Solana
2026-08-31 03:11:08

Kraken Reverses Vote as Solana Inflation Proposal Passes by 0.334 Points

Solana’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.

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Kraken Reverses Vote as Solana Inflation Proposal Passes by 0.334 Points
Solana
2026-08-28 19:53:12

Solana validators approve proposal to double SOL disinflation rate to 30%

Solana validators have approved SGP-0002, a governance proposal that raises the network’s annual disinflation rate from 15% to 30% while keeping its long-term inflation target at 1.5%. Final voting results showed 67% support, 25.16% opposition and 7.84% abstentions, with participation reaching 60.7% of eligible stake. According to Solana Compass, the revised issuance schedule would bring Solana to its 1.5% terminal inflation rate in about 2.8 years, versus roughly 5.7 years under the previous framework. The change is also estimated to cut issuance by about 18.9 million SOL over the next six years. The vote took place during Solana’s first binding governance process, which also approved a proposed Solana Constitution and rejected a separate measure on resource and inclusion fees. Voting data showed a split among major participants, including Figment, Helius, Jupiter and Kraken. The governance update comes as US-listed Solana investment products continue to draw capital, with Bloomberg ETF analyst Eric Balchunas saying Bitwise’s Solana ETF has surpassed $1 billion in assets and US Solana ETFs have seen about $1.7 billion in cumulative net inflows.

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Solana validators approve proposal to double SOL disinflation rate to 30%
WuBlockchain
2026-08-29 13:54:50

WuBlockchain weekly roundup: ECB blockchain plans, GOLD collapse and fresh Bitcoin bull-market calls

WuBlockchain’s latest roundup pulls together a dense mix of crypto, macro and enforcement developments. The daily highlights include European Central Bank executive board member Isabel Schnabel calling for central bank money to be brought onto blockchain infrastructure, with the ECB set to launch the Pontes project next month and complete the Appia long-term architecture blueprint in 2028. The U.S. Commodity Futures Trading Commission also said former White House teleprompter operator Gabriel Perez was penalized for trading on non-public speech information, with more than $170,000 in disgorgement and penalties plus a three-year trading ban. The digest also covers a warning from New York state that AI is being used to amplify investment scams, citing FTC data showing 144,041 U.S. consumers reported investment fraud losses exceeding $8 billion in 2025. In markets, Solana meme token Trump Digital Gold plunged more than 95% in one minute, while GoPlus Security said the developer’s funding could be traced to KuCoin and that related operator wallets were funded through Binance. The weekly Top 10 spans Arthur Hayes’ view that a new Bitcoin bull cycle has begun, BlackRock’s framing of Bitcoin as a fiscal-risk hedge, Treasury buyback discussions, Coinbase’s AiFi product stack, Solana emission proposals, Uniswap’s AMM thesis, Trump-linked crypto losses, Iran-related sanctions, and a record $44.9 billion in on-chain RWA market value excluding stablecoins.

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WuBlockchain weekly roundup: ECB blockchain plans, GOLD collapse and fresh Bitcoin bull-market calls
WuBlockchain
2026-08-29 00:24:56

WuBlockchain weekly: US debt and Treasury liquidity in focus, Trump-linked crypto losses hit $4.7 billion, Solana supply cuts proposed

WuBlockchain’s weekly roundup put macro liquidity and crypto market structure at the center of the conversation, with several stories tying US fiscal policy to Bitcoin’s recent strength. Arthur Hayes argued in a new essay that the US Treasury, under Treasury Secretary Scott Bessent, is effectively creating more dollar liquidity through long-dated Treasury buybacks and could go further if 10-year yields move above 5%. He said Bitcoin has already entered a new bull cycle, while GSR and Wintermute both pointed to fresh external capital, large ETF inflows, and heavy short liquidations as key drivers behind the move. The list also highlighted BlackRock’s view that rising US debt and fiscal deficits are strengthening Bitcoin’s role as a hedge against fiscal risk, alongside a CNBC report that the Treasury is considering using about $950 billion from the Treasury General Account to support expanded long-term debt buybacks. Elsewhere, Coinbase outlined its AI finance, or AiFi, stack; Solana’s SIMD-550 and SIMD-553 proposals were framed as measures that could reduce issuance by $1.4 billion to $1.5 billion over six years; and Uniswap founder Hayden Adams argued AMMs now have a clearer route to becoming core market infrastructure. On the political and regulatory side, the roundup covered an investigation into Aqua 1 Foundation backer Guren Zhou, new US sanctions covering digital assets tied to Iran, and a Public Citizen report saying Trump-linked crypto businesses have caused at least $4.7 billion in investor losses since 2022. The final item noted that on-chain RWA market capitalization, excluding stablecoins, has reached a record $44.9 billion.

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WuBlockchain weekly: US debt and Treasury liquidity in focus, Trump-linked crypto losses hit $4.7 billion, Solana supply cuts proposed
Solana
2026-08-28 15:32:53

Solana Validators Pass Faster SOL Disinflation Plan in First Governance Win as Kraken Flips Late

Solana validators have approved SGP-0002, a proposal that doubles the pace of SOL emission declines and marks the first measure to clear the network’s new onchain governance system. It is also the first time Solana validators have agreed to cut issuance. The vote closed Friday with 176.29 million SOL in favor, 66.19 million against, and 20.63 million abstaining. Excluding abstentions, support reached 72.7%, above the required two-thirds supermajority. Participation came in at 60.70% of a 433.49 million SOL snapshot across 1,326 voters, clearing quorum. The late stage of the vote drew attention after Kraken changed the position of its larger validator from fully against to 90.34% in favor, while Galaxy also shifted part of its stance. Even so, the report says Kraken’s reversal alone did not determine the outcome, since support would still have finished at 69.4% under its original vote. The proposal raises Solana’s annual disinflation rate from 15% to 30%, pushing the network more quickly toward a 1.5% terminal inflation floor. Backers estimate the change will remove about 18.9 million SOL from emissions over six years and move the terminal inflation timeline up to the first half of 2029 from 2032. Opponents, led by staking infrastructure firms, argued the change would reduce staking yields and pressure validator economics. Two other proposals, including the draft Solana Constitution, also finalized in the same voting window.

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Solana Validators Pass Faster SOL Disinflation Plan in First Governance Win as Kraken Flips Late
Solana
2026-08-28 17:47:42

Solana's First Binding Governance Vote Passes SGP-0002, Pulling 1.5% Issuance Floor to 2029

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.

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Solana's First Binding Governance Vote Passes SGP-0002, Pulling 1.5% Issuance Floor to 2029
Solana
2026-08-28 15:34:08

Solana’s first on-chain governance vote ends with SGP-0003 rejected after fee model dispute

Solana’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.

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Solana’s first on-chain governance vote ends with SGP-0003 rejected after fee model dispute