Kraken helps Solana inflation vote pass by 0.33 points

Kraken's 8.9 million SOL validator, named Kraken 2, helped SGP-0002 pass. SGP-0002 received 67% support from participating stake. The proposal cleared the required two-thirds threshold by 0.33 percentage points. Kraken 2 cast 90.34% of its stake in favor of the measure. Kraken changed its earlier indication of opposition to support during the final stage of voting. Helius CEO Mert Mumtaz celebrated the change. Contributors from Mumtaz's firm wrote many of SGP-0002's technical proposals. Galaxy and other late voters also moved the tally. SGP-0002 would have received about 63.9% support if Kraken had voted against it. The proposal continues new SOL creation but doubles the annual disinflation rate from 15% to 30%. Solana remains inflationary because the rate of new SOL entering the market stays positive. Developers project about 18.9 million fewer SOL will be created over the next six years. Technical specifications keep terminal inflation at 1.5%. The network is expected to reach that rate 2.8 years after activation instead of 5.7 years. The change moves the projected date for reaching the 1.5% floor from around 2032 to roughly 2029. Developers must re-anchor the supply curve before activation. Developers must also test the change and activate its feature gate. The vote therefore creates no immediate supply shock. SGP-0002 is the first Solana governance proposal to pass under the network's new binding on-chain voting system. Stakeholders approved SGP-0001 with 85.97% support. SGP-0001 formalizes Solana governance processes through the Solana Constitution. Voters rejected SGP-0003 with 53.90% support. SGP-0003 proposed burning a usage-based resource charge and paying block leaders a fixed inclusion fee.