Solana's Disinflation Proposal Passes by a Hair

Solana's first network-wide governance vote has come to an end, with the 'Double Disinflation' proposal narrowly passing by a margin of just 67%. The measure, which doubles Solana's annual disinflation rate from 15% to 30%, aims to reduce the terminal inflation rate of 1.5% from 2032 to 2029, resulting in approximately 18.9 million fewer SOL entering circulation over the next six years.

The proposal was part of a three-proposal package that marked Solana's first direct governance exercise over core economic rules. The companion measure, SGP-0001, which effectively serves as a constitution for future governance by setting participation requirements, vote weighting, and approval thresholds, passed comfortably with 95.35% support.

The outcome of the vote remained uncertain until the final hour, with Kraken's initial opposition to the measure being reversed after intense community pressure. Galaxy Digital also shifted its position in the closing stages, helping push support past the required threshold.