Solana validators approved a proposal to double the rate at which SOL emissions decline, the first measure to pass through the network's new onchain governance system and the first time validators have agreed to cut issuance.
SGP-0002 closed on Friday with 176.29 million SOL for, 66.19 million against and 20.63 million abstaining, according to the Solana validator governance site. Excluding abstentions, support reached 72.7%, clearing the two-thirds supermajority the governance rules require.
Participation was 60.70% of the 433.49 million SOL snapshot, above the one-third quorum, across 1,326 voters. The proposal is marked finalized and ready for onchain execution.
The result turned on a late swing. Six hours before voting closed, the proposal sat at 65.4% of for-and-against stake, below the threshold and on track to fail.
Kraken's larger validator, holding 8,917,576 SOL, had voted 100% against on Friday morning. It re-cast at 10:37 UTC as 90.34% for and 9.66% against, moving about 8.1 million SOL. The exchange's smaller validator, with 3,310,547 SOL, stayed 100% against.
