Solana Approves Major Supply Cut Proposal Despite Close Vote

The Solana network has approved a major supply cut proposal, SGP-0002, which doubles its annual disinflation rate from 15% to 30%. The vote passed with 176.29 million $SOL For and 66.19 million $SOL Against, representing about 67.0% of the displayed turnout. However, when excluding abstentions from the approval denominator, support was around 72.7%

The proposal's acceptance does not immediately change the monetary schedule of Solana, but it gives validators a directional mandate to accelerate the network's path toward lower issuance. The next phase depends on implementation through SIMD-0550, client coordination, feature gating, and eventual activation.

Several validators, including Kraken and Galaxy, shifted towards majority For shortly before voting closed. Helius CEO Mert Mumtaz stated that '500 calls' brought votes in during the final seconds and that the proposal passed by a 'literal hair.'