Solana Inflation Cut Proposal Passes with 67 Percent Support

The Solana inflation cut proposal has passed with 67% support from validators, narrowly clearing the required two-thirds supermajority of 66.67%. The approved SGP-0002 doubles the annual disinflation rate from 15% to 30%, reducing projected SOL issuance by approximately 18.9 million tokens over six years.

The new direction keeps the 1.5% terminal inflation floor but shortens the estimated path to reach it, from 5.7 years to 2.8 years. The Solana inflation cut does not halve the current inflation rate; instead, it doubles the disinflation rate governing annual reductions.

Validators and delegators will see staking rewards decline faster under the approved path, but the supply effect could reduce dilution for holders. A total of 263.11 million SOL votes were cast, with 176.29 million supporting SGP-0002 and 66.19 million against it.

Kraken's validator initially shifted voting stake against the plan but later moved more than 90% of its 8.9 million SOL to yes before voting closed. The Solana inflation cut requires implementation work, including adding a double-disinflation-rate feature gate to validator clients before mainnet activation.