Solana Governance Approves Proposal to Accelerate SOL Inflation Reduction

Solana has passed the SGP-0002 proposal with 67% support in its first binding on-chain governance vote. Initiated by infrastructure provider Helius, the proposal aims to increase the annual inflation reduction rate from 15% to 30%, accelerating the path to a 1.5% terminal inflation level and reducing new SOL issuance. The proposal faced a tight margin, but Helius CEO Mert Mumtaz secured critical support from major validators, including Kraken2, in the final stages. The vote saw a 60.7% staking participation rate, with 25% opposed and 7.84% abstaining.