Solana validators approve proposal to accelerate SOL disinflation

Summary

Solana validators approved SGP-0002, “Double Disinflation,” with 67% support, 25.16% against, and 7.84% abstaining, on 60.7% participation. The proposal doubles Solana’s annual disinflation rate from 15% to 30% while keeping the long-term inflation target at 1.5%. That means SOL is expected to reach terminal inflation in about 2.8 years instead of 5.7, cutting an estimated 18.9 million SOL in future issuance over six years. The change reduces dilution for holders but also lowers staking rewards for validators and delegators. The vote was part of Solana’s first binding governance process, alongside approval of a Solana Constitution and rejection of a separate fees proposal. Large stakeholders were split: Figment voted against, while Helius and Jupiter supported it. Kraken initially opposed the measure, then shifted to largely support it before voting ended.