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Crypto

Solana’s First Vote Passes by a Hair

Solana's first binding vote passed by a razor-thin margin, doubling its disinflation rate to hit a 1.5% issuance floor by 2029.

The Briefly Pulse Desk August 28, 2026 1 min read 2 views
Solana’s First Vote Passes by a Hair

The update

Solana has completed its first binding network-wide vote, a milestone for the blockchain’s governance system. The most consequential proposal, SGP-0002, passed by a razor-thin margin, doubling the network’s disinflation rate from 15% to 30%. This means new SOL issuance will shrink faster, hitting a fixed 1.5% floor by 2029 instead of 2032. The vote came down to the wire, with support swinging at the final moment. Validators also ratified the Solana Constitution (SGP-0001) with strong support but rejected a separate fee-burning measure (SGP-0003).

Why it matters

This vote establishes a precedent for on-chain governance on Solana. The ‘Double Disinflation’ outcome directly alters the token’s monetary policy, reducing the annual supply of new SOL. This supply crunch could be bullish for the token if demand increases, though it also means stakers will receive a smaller share of new issuance.

What to watch

Market reactions to the vote result. Whether the ‘hair’ margin of victory (67.0% to 66.67%) holds up under scrutiny. The long-term impact of the new disinflation rate on SOL’s price and staking rewards.

Sources

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