Solana's Double Disinflation Proposal Reaches Quorum with 25% Support

Solana has made significant changes to its tokenomics by surpassing an important milestone. The Double Disinflation proposal, SGP-0002, which reached quorum with 33.84% participation and 25% voting in favor after 27 hours, will double Solana's annual rate of disinflation from 15% to 30% through the execution of SIMD-0550.

This change is expected to reduce issuance by 18.9 million SOL, worth $1.47 billion based on current prices, over six years. The terminal inflation target of the network remains at 1.5%, but the time frame has shortened from 2032 to 2029.

The stakeholders in this vote include infrastructure provider 'Helius' and the DeFi Development Corporation, which runs a SOL treasury strategy listed on NASDAQ under DFDV.