Solana Validators Back Disinflation Plan and Leave Burn Proposal Behind

TL;DR

• Solana validators approved SGP-0002, which reduces the rate of new SOL creation by 30% annually, reaching 68.77% support.
• SGP-0003, which would have raised daily burns to up to $800,000 in SOL, failed to reach the required two-thirds threshold and fell short of approval.
• Solana Company, a SOL-based treasury firm, opposed both proposals, arguing the need for predictable rules for institutional planning.

The validators of Solana launched the network’s first onchain governance and moved forward on two of the three proposals put to a vote. The one that reduces the issuance of new native tokens managed to clear the approval threshold, while the more aggressive initiative, which would have driven up daily SOL burns, failed to secure sufficient backing.

The voting system requires that one third of the network’s stake participates and that two thirds of the participating stake votes in favor. Abstentions count toward the quorum but do not add to the approval percentage, a technical detail that proved decisive in the outcome of the third proposal.

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