Solana Validators Approve Disinflation Rate Hike

Solana's validators have agreed to accelerate the network's disinflation schedule by doubling its annual rate from 15% to 30%. This proposal, known as SGP-0002 or Double Disinflation, passed with 67% support and a participation rate of 60.7% in Solana's first binding governance process.

Under the new schedule, Solana is expected to reach its long-term inflation target of 1.5% in approximately 2.8 years, compared to around 5.7 years under the previous plan. This change will result in an estimated 18.9 million fewer SOL being issued over the next six years.

The proposal was not without its detractors. Figment, the largest voter with 17.1 million SOL staked, voted entirely against SGP-0002. However, other large participants like Helius and Jupiter strongly supported it.