Solana's governance proposal SGP-0002 passed with precisely 67% voter support, clearing the required two-thirds threshold by just 0.33 percentage points. The vote will double the network's disinflation rate from 15% to 30%, accelerating the speed at which SOL's inflation rate decreases.
Kraken's validator, labeled "Kraken 2," cast 90.34% of its 8.9 million SOL in favor of the measure after switching its position late in the voting period. Had Kraken voted no instead, the proposal would have failed at approximately 63.9% support. While other late voters including Galaxy also supported the proposal, Kraken supplied the margin needed to secure passage and was widely credited on social media with tipping the outcome.
What the Vote Changes
SGP-0002 instructs the Solana network to reduce future SOL issuance by approximately 18.9 million tokens over six years. The technical specifications maintain a long-term terminal inflation rate of 1.5% but project reaching that floor in roughly 2.8 years instead of the previous timeline of 5.7 years. Under the prior 15% annual reduction rate, SOL was not expected to reach the 1.5% floor until around 2032; doubling the disinflation rate to 30% advances that target date to approximately 2029.
Despite the changes, Solana will remain inflationary at a positive rate. The vote does not eliminate inflation but rather accelerates its decline. Developers must still re-anchor the supply curve, conduct testing, and activate the feature gate before any changes take effect, meaning the vote creates no immediate supply shock.
Other Governance Votes
Two additional proposals were included in the same voting round. SGP-0001, the "Solana Constitution," passed with 85.97% support, formalizing governance processes and bringing more democratic procedures on-chain after years of off-blockchain governance decisions. SGP-0003, which sought to burn usage-based resource charges while paying block leaders fixed inclusion fees, was rejected with 53.90% support, falling below the two-thirds threshold.
SGP-0002 is the first Solana governance proposal to pass under the network's new binding, on-chain voting system. A similar prior attempt, SIMD-0228, failed in March 2025 with approximately 61% support.
