Solana (SOL) Validators Pass Double Disinflation With 67% Support in First Network-Wide Vote

Constitution Passes, Fee Reform Fails

Solana (SOL) validators and stakers have completed the network's first full governance ballot with two of three proposals approved — an outcome the Solana developers team confirmed in an official post on August 29. SGP-0001, the “Solana Constitution,” and SGP-0002, “Double Disinflation,” both cleared the two-thirds supermajority, while SGP-0003, the Resource and Inclusion Fee, was rejected despite drawing majority support. The full tally was posted by Solana Developers once voting closed. The Solana Governance Proposal framework — SGP, for short — asks validators and staking participants whether the network should move in a given direction, with ballots weighted by the amount of staked SOL each voter controls rather than counted one wallet, one vote. Passage required turnout above one-third of network stake and approval from at least two-thirds of participating stake, with abstentions counting toward turnout but not toward the yes column. An approved SGP signals direction rather than code: technical specifications are defined separately in Solana Improvement Documents, known as SIMDs.

was posted by Solana Developershttps://x.com/solana_devs/status/2093363730608259476?ref_src=twsrc%5Etfw

The ratified Constitution fixes the network-level procedures for submitting, reviewing and voting on proposals, including how voting stake is determined. “Double Disinflation” doubles the pace at which new SOL issuance declines, lifting the annual disinflation rate from 15% to 30% while leaving the long-term inflation floor of 1.5% untouched. Issuance now converges on that floor in roughly 2.8 years instead of 5.7, and proposal estimates put the resulting cut at about 18.9 million SOL over six years. Passage alone does not change the emission schedule — the specification sits in SIMD-0550, which client teams must still ship and activate on-chain. The rejected fee proposal would have split the base transaction fee into a fixed 2,500-lamport inclusion fee paid in full to the block leader, plus a variable resource fee sized to the compute each transaction requests and burned entirely; its technical specs live in SIMD-0553.

Kraken and Galaxy Swung the Margin

The disinflation result was far closer than the headline outcome suggests. SGP-0002 finished at 67% support against a 66.667% threshold — a cushion of roughly a third of a percentage point — and the tally sat below the bar until the closing minutes, when two of the largest participants changed position. Kraken's validator, representing about 8.9 million SOL, moved to no with hours remaining and pushed support under the required line, then flipped roughly 8.1 million SOL back to yes before the close. Galaxy, holding about 1.7% of the vote's weight, shifted from near-total abstention to majority support over the same window. Under the counting rules, an abstention inflates the turnout base without adding to the approval ratio, so Galaxy's initial posture effectively weighed against passage before its late switch.

Participation reached 60.7% of eligible stake across 1,326 validators, well clear of the one-third quorum; about 25% voted against and 7.84% abstained. Helius cast 16.05 million SOL at a 99.5% yes rate, while Figment voted 17.07 million SOL against and Everstake 7.96 million SOL against. The division reflects the proposal's economics rather than a unified bloc: lower issuance means less dilution for holders and thinner rewards for the validators securing a network that anchors a large share of DeFi activity — a trade-off that split large stakeholders instead of uniting them. The tension is familiar. In March 2025, a more aggressive issuance cut, SIMD-228, won a simple majority but missed the supermajority and failed; this time the milder approach — speeding up the disinflation curve rather than halving issuance outright — gathered just enough stake. Because SGP-0002 is a governance mandate rather than a live protocol change, nothing moves until SIMD-0550 is accepted by client teams and activated, leaving Solana's tokenomics unchanged in the interim. Readers tracking the market in real time can follow live spot and futures prices on Gate.

The Vote Record Sets the Precedent

COINOTAG's read: the recorded vote itself, more than the disinflation arithmetic, is the structural news. A 0.33-point margin on the first SGP cycle shows the process functioning as a genuine check — large operators took public positions, late switches were visible in the record, and the Constitution now codifies the submission, review and voting rules this ballot ran on. The next checkpoint is SIMD-0550's path through client implementation, since issuance only changes when that ships. Track further Solana news as the mandate moves on-chain, and see our How to Buy Solana (SOL) guide for exposure basics.