TLDR
- Solana validators are voting on proposals that could reduce future SOL supply growth and expand the network’s governance system.
- SGP-0002 has 68.77% support and would double the annual reduction in SOL issuance from 15% to 30%.
- The proposal could bring Solana’s inflation rate down to 1.5% by around 2029 instead of 2032.
- SGP-0003 would increase daily SOL burns from about 650 tokens to between 7,500 and 9,000 SOL.
- The fee burn proposal has 62.72% support, leaving it below the two-thirds approval threshold.
Solana (SOL) validators are voting on three governance proposals that could reshape how the network manages token supply and future economic rules. Two proposals focus on reducing SOL issuance and increasing token burns, while a third sets the governance framework. Current voting data shows mixed support across the measures, with one supply proposal narrowly above the required threshold.
Solana Governance Vote Tests Supply Changes
SGP-0002 proposes cutting the annual rate of SOL issuance by 30% instead of 15%. The measure currently holds 68.77% support, with 47.72% of network stake participating in the vote.
If validators approve it, the proposal would bring Solana’s inflation rate down to the 1.5% minimum around 2029. The current schedule reaches that level near 2032. The change would prevent about 18.9 million SOL from entering circulation over six years.
SGP-0003 seeks to change how Solana charges transaction fees. Transactions would pay based on the computing resources they use, and the network would burn that portion of the fee.
The plan could raise daily SOL burns from about 650 tokens to between 7,500 and 9,000. At recent prices, the upper range equals about $800,000 per day. However, daily burns would remain below the roughly 60,000 SOL created each day.
Abstentions Weigh on SGP-0003
The fee proposal has 62.72% support, 16.52% opposition, and 20.75% abstentions. Participation stands at 42.51%, which clears the required quorum but leaves support below the two-thirds approval level.
Abstentions count toward participation but do not count as votes in favor. That structure makes the high abstention rate important for SGP-0003. The proposal therefore remains below the level required to pass as voting continues.
SGP-0001, the constitution proposal, has gained broad backing. It sets the process for Solana governance votes, including voting rights, stake weighting, participation rules, and approval requirements.
The proposal currently has 95.35% support and only 0.22% opposition. Solana Company, the Nasdaq-listed treasury firm trading as HSDT, supports SGP-0001 but opposes SGP-0002 and SGP-0003. The company said institutions need stable economic rules for long-term planning.
Voting remains open during the final network epoch. Approved proposals will not change Solana automatically. Developers would still need to prepare, review, and implement the required technical changes before any network update takes effect.
