Solana Validators Approve Double Disinflation Proposal

Solana's first on-chain governance vote has approved the 'Double Disinflation' proposal, SGP-0002. The proposal doubles the network's annual disinflation rate from 15% to 30%, while keeping the 1.5% terminal inflation rate unchanged. The vote passed with 176.29M SOL For, 66.19M SOL Against, and 20.63M SOL Abstain.

This mandate is not an immediate code change but rather a direction for Solana validators and stakers to accelerate the network's path toward lower issuance. According to CryptoSlate, the emissions change 'is not live yet' and SIMD-0550 still needs implementation, client coordination, feature gating, and eventual activation.

The accelerated disinflation is expected to bring Solana to its 1.5% terminal inflation rate in about 2.8 years, compared with roughly 5.7 years under the previous schedule. This would also result in an estimated 18.9 million fewer SOL issued over the next six years.

The outcome of the vote was tied to late validator shifts, with CryptoSlate describing that 'Validators linked to Kraken and Galaxy shifted toward majority For shortly before voting closed.' Kraken's larger validator had initially voted against the proposal but recast its votes at the last minute.