SOLANA VALIDATORS APPROVE DOUBLING DISINFLATION IN FIRST GOVERNANCE VOTE

Summary from the TLDR Crypto newsletter

Solana validators approved SGP-0002, the network's first onchain governance vote, with 72.7% support (excluding abstentions) drawn from 60.70% of the 433.49 million SOL snapshot across 1,326 voters, clearing the required two-thirds supermajority. The proposal doubles the annual disinflation rate from 15% to 30%, removing approximately 18.9 million SOL from future emissions over six years and pulling Solana's 1.5% terminal inflation floor forward from 2032 to mid-2029. Kraken's primary validator switched from opposition to roughly 90% support six hours before voting closed, shifting ~8.1 million SOL, though the proposal would have passed at 69.4% support even without the reversal. Staking infrastructure operators Figment and Everstake voted against, as first-year yields fall from 4.93% to 4.34% and projections show 30 validators becoming unprofitable by year three, while ecosystem developers Helius and Jupiter supported the measure.