Solana Will Now Print Less SOL as Disinflation Vote Passes in Dramatic Fashion
In brief Solana closed its first binding on-chain governance vote, passing SGP-0002 to double the network's disinflation rate from 15% to 30%, hitting the 1.5% issuance floor by 2029 instead of 2032. The vote came down...
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A notable development has hit the crypto markets. In brief Solana closed its first binding on-chain governance vote, passing SGP-0002 to double the network's disinflation rate from 15% to 30%, hitting the 1. 5% issuance floor by 2029 instead of 2032.
The vote came down to the wire, passing 67. 67% required, after Kraken opposed it through the count before flipping at the last minute.
Validators also ratified SGP-0001, the Solana Constitution, with 86% support, but rejected SGP-0003, a "Resource and Inclusion Fee" that would have burned up to 14x more SOL daily.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
