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Solana Governance Vote Backs Faster Disinflation After Bug Fix

The recorded vote drew 67.00% support. Asymmetric Research estimated it would have drawn 66.65% under the earlier voting software.

Updated 2 min read
An anonymous staker reviews a governance ballot on a laptop in Zug, Switzerland. / TokenPost.ai (mono)
An anonymous staker reviews a governance ballot on a laptop in Zug, Switzerland. / TokenPost.ai (mono)

Solana (SOL) voters endorsed a faster reduction in token inflation in August after a governance flaw was fixed, a repair that protected independent staker ballots in a close vote.

Solana's governance dashboard shows 67.00% support for SGP-0002, above the 66.67% required for approval. The proposal would double the annual disinflation rate from 15% to 30%, reducing future token issuance more quickly while keeping the long-term inflation target at 1.5%.

Asymmetric Research estimated that support would have been 66.65% had the earlier voting software remained in place. That hypothetical tally falls 0.02 percentage point below the approval threshold. It is separate from the recorded result, which followed the repair.

The firm's calculation concerns 212 independent staker ballots representing 2.81 million SOL. Those stakers delegated to 102 validators; none of the validators voted. Under the previous version of Solana's svmgov program, the timing of those independent ballots could determine whether they appeared in the final count.

The program lets stakers vote independently of the validators to whom they delegate. It previously held an independent ballot for later counting when the staker voted before the validator. If that validator never voted, the staker's ballot could be omitted.

Asymmetric Research alerted the Solana Foundation to the flaw on July 10. The repair reached Solana's mainnet Aug. 3, before voting began Aug. 24.

SGP-0002 projects lower future issuance and discusses the effect on validator earnings. It also cites SIMD-0228, an earlier proposal that failed to reach quorum.

The vote approved the direction of the inflation change, but it did not put a new schedule into effect. That requires acceptance and activation of SIMD-0550, a separate technical proposal.

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