Solana governance approves doubling disinflation rate to 30%
Regulation & Gov ·
A network-wide vote passed in its final hour, cutting projected SOL issuance by 18.9 million tokens over six years.
Solana's governance proposal to double the network's disinflation rate to 30% has been approved after Yes votes crossed the required 66.67% threshold in the closing hour of voting. The measure reduces projected SOL issuance by 18.9 million SOL, valued at roughly $1.47 billion, over a six-year period, according to the proposal text.
The outcome was tight. Coverage of the vote described it as passing "by a hair" in a dramatic finish, with the result unresolved until the last stretch of the voting window, per CoinDesk. Reporting on the same cluster of events noted this was Solana's first network-wide governance vote, and that a last-minute switch by a Kraken-linked validator ended up deciding the final tally.
Doubling the disinflation rate accelerates the pace at which SOL's annual issuance schedule declines, which lowers the total supply of new tokens entering circulation over the specified window compared with the prior schedule. By cutting future issuance by 18.9 million SOL over six years, the change directly affects the token's long-term supply trajectory, though the material provided does not specify the current issuance rate the change replaces or the exact mechanism by which the disinflation percentage translates into annual emission figures.
Social commentary captured around the vote credited an individual referred to as Mert with pushing for the proposal's passage, including a remark urging others to "change your vote" in the hours before the final count. Beyond that attribution, no additional detail on the campaign behind the proposal or the identities of validators involved was provided.
What remains unclear from the available material is the precise vote breakdown, the identity of the Kraken-linked validator whose switch proved decisive, and any planned timeline for when the new 30% disinflation rate takes effect on-chain. Three distinct sources have covered the vote's passage, but further detail on implementation and market reaction to the reduced issuance schedule has not yet surfaced.