Solana vote to double disinflation passes by a hair in dramatic finish
The Solana blockchain network narrowly passed a governance proposal to increase disinflationary measures after a dramatic voting process. This marks the first time validators have directly influenced core economic rules through a formal governance framework.
Why it matters
Represents a significant shift toward decentralized governance in major blockchain networks, impacting token economics and investor sentiment.
The proposal, dubbed SGP-0002, finished with 67% support on Friday, barely above the two-thirds threshold required to pass. Another roughly 25% voted against, and 7.84% abstained. Participation reached 60.7% of eligible stake, clearing the one-third quorum requirement.
The outcome came down to the wire, with supporting votes standing below the necessary tally even in the last hour and some dramatic last-minute switches.
Kraken 2, validator linked to the exchange and representing about 2% of votes, changed its vote from against to for as the deadline approached.
"After 500 calls in the past few hours, we got all the votes in the last seconds and passed the disinflation proposal by a literal hair," Mert Mumtaz, Helius CEO and vocal supporter of the proposal, wrote in an X post.
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