Solana Validators Vote to Slash Token Inflation

Solana's validator network has voted to accelerate the reduction of its token issuance. The proposal, called SGP-0002 or 'Double Disinflation,' passed with 67% support and 60.7% stake participation.

The change doubles Solana's annual disinflation rate from 15% to 30%. This means that Solana will reach its long-term inflation target of 1.5% in roughly 2.8 years, instead of the original estimated 5.7 years.

This is good news for SOL holders, who will face less dilution as a result. However, validators and delegators will receive lower staking rewards due to this change.