Solana Approves SGP-0002 Governance Proposal to Cut Emissions by 18.9M SOL

Solana governance proposal SGP-0002 closed with 176.29M SOL voting For, 66.19M SOL Against, and 20.63M SOL Abstaining to secure formal acceptance. The measure doubles Solana's annual disinflation rate from 15% to 30% while maintaining the network's 1.5% terminal inflation rate. The updated schedule is estimated to reduce total token emissions by approximately 18.89M SOL over the next 6 years. Late validator reallocations secured the threshold, with Kraken shifting 8.92M SOL to 90.34% For and Galaxy moving from 92% Abstain to 58.36% For. Actual network activation remains pending technical coordination, feature gating, and deployment through SIMD-0550 across validator clients. "500 calls brought votes in during the final seconds and that the proposal passed by a literal hair." — Mert Mumtaz