Solana Validators Approve Proposal to Double Disinflation Rate

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

According to finalized voting results, the proposal received 67% support, with 25.16% voting against and 7.84% abstaining. Overall participation reached 60.7% of eligible stake. The change would result in an estimated 18.9 million fewer SOL being issued over the next six years, reducing dilution for SOL holders but also lowering staking rewards for validators and delegators.

Some of the largest participants were divided over SGP-0002. Figment, the largest voter shown in finalized governance data with 17.1 million SOL staked, voted entirely against the measure, while Helius and Jupiter overwhelmingly backed it. Kraken was among those whose position shifted during the vote, initially voting against but later backing the proposal.