Solana Passes SGP-0002 Inflation Adjustment After Close Vote
SGP-0002 cleared the two-thirds threshold by 0.33 points after Kraken's validator flipped, doubling Solana's disinflation rate while keeping terminal inflation at 1.5 percent.
Solana network participants passed governance proposal SGP-0002 with exactly 67 percent support, clearing the required two-thirds threshold by 0.33 percentage points. The measure doubles the network's disinflation rate from 15 percent to 30 percent, which will reduce the annual addition of new SOL tokens at a faster pace while leaving the terminal inflation rate unchanged at 1.5 percent.
Kraken Validator Decides Outcome
The Kraken 2 validator, controlling 8.9 million SOL, cast 90.34 percent of its stake in favor of the proposal and supplied the decisive margin. Without those votes the tally would have fallen to roughly 63.9 percent, below the approval line. Kraken had previously signaled opposition before switching during the final hours of voting.
Supply Schedule Effects
The change shortens the time to reach the 1.5 percent terminal inflation rate by approximately 2.8 years. Developers estimate the adjustment will result in roughly 18.9 million fewer SOL tokens created over the next six years compared with the prior schedule. The network remains inflationary at a positive rate; the proposal only alters how quickly the inflation rate declines.
Companion Proposals
Voters also approved SGP-0001, the Solana Constitution, with 85.97 percent support. That measure formalizes on-chain governance processes. Proposal SGP-0003, which would have introduced a usage-based burn and fixed inclusion fee for block leaders, received only 53.90 percent support and failed to meet the two-thirds requirement.
Next Steps
No immediate change to circulating supply will occur. Developers must still re-anchor the supply curve, complete testing, and activate the feature gate before the new disinflation parameters take effect. The exact timeline for those steps remains pending.