Solana Validators Approve Proposal to Accelerate SOL Disinflation

Solana validators have approved a proposal to accelerate SOL disinflation by doubling the network's annual disinflation rate. The proposal, known as SGP-0002 or Double Disinflation, increases Solana's annual disinflation rate from 15% to 30%, while keeping the long-term inflation target of 1.5% unchanged.

The vote was part of Solana's first binding governance process, which also approved a proposed Solana Constitution and rejected a separate proposal on resource and inclusion fees. The Double Disinflation proposal received 67% support, with 25.16% voting against and 7.84% abstaining. Overall participation reached 60.7% of eligible stake.

The change is expected to reduce the number of SOL being issued over the next six years by an estimated 18.9 million, which would lower staking rewards for validators and delegators but also reduce dilution for SOL holders.