Solana validators narrowly pass proposal to double disinflation after Kraken switch

Solana validators passed SGP-0002 on Friday with 67% support for faster cuts to new SOL issuance. The result was barely above the required two-thirds majority. About 25% voted against the proposal. A further 7.84% abstained. Participation reached 60.7% of eligible stake. The vote cleared the one-third quorum requirement. Kraken 2, a validator linked to the exchange, represented about 2% of votes. Kraken 2 switched its vote from against to for as the deadline approached. Mert Mumtaz, Helius CEO and a vocal supporter, wrote that supporters made 500 calls in the preceding few hours. He wrote that the votes arrived in the final seconds and that the proposal passed by a literal hair. SOL bounced near the end of the vote. SOL remained below Thursday's high. SOL was down 1.2% over the past 24 hours near $106. The vote was Solana's first network-wide governance exercise. The process put three proposals before validators. The proposals covered blockchain decision-making and SOL token economics.