Solana votes to cancel 19M SOL in cliffhanger decision

Solana just passed a vote that will prevent roughly 18.9 million SOL from ever being minted. The margin of victory? Comfortable on paper, dramatic in practice, with a single exchange validator swinging the outcome in the final stretch. SGP-0002, the proposal to double Solana’s annual disinflation rate from 15% to 30%, cleared the two-thirds threshold with 67% support. That translates to 176.29 million SOL voting in favor, 66.19 million against, and 20.63 million choosing to abstain. The vote drew participation from about 60.7% of the roughly 433.5 million staked SOL, easily clearing the one-third quorum requirement. What the vote actually changes Solana’s inflation model works on a schedule. The network started with a set inflation rate that decreases by a fixed percentage each year, a mechanism called disinflation, until it reaches a terminal floor of 1.5%. Under the old 15% annual disinflation rate, that floor wouldn’t arrive until roughly 2032. With SGP-0002 now approved, that timeline compresses dramatically. The 30% disinflation rate means Solana is projected to hit its 1.5% terminal inflation rate by the first half of 2029, shaving nearly three years off the original schedule...