Solana narrowly passes double-disinflation vote after last-minute Kraken switch
SGP-0002 cleared the two-thirds threshold in Solana's first network-wide governance vote, while the larger fee-burn proposal failed; neither result activates a protocol change by itself.
Solana developers are advancing two proposals that would change how the network handles fees and token issuance. SIMD-553 would split the current signature fee and burn a new resource-based portion. SIMD-550 would double the annual disinflation rate, accelerating the fall in new SOL issued to validators and stakers.
SIMD-553 changes the fee paid for network resources. Today, Solana's signature fee is a single charge. The proposal would divide it into an inclusion fee paid to the leader and a resource fee tied to the computation and state access a transaction requests. That resource fee would be burned instead of paid out.
Helius, whose engineers support the proposal, describes the disinflation change as a simple adjustment to an existing parameter, requiring a change to one parameter. The proposal would move Solana's inflation schedule toward its 1.5% long-term rate in the first half of 2029, rather than the first half of 2032 under the current path.
Burns and issuance
The two proposals pull on separate supply levers. A larger burn depends on transaction demand, the resource mix of those transactions and the fee settings the network adopts. Faster disinflation cuts new issuance even if activity is unchanged. That distinction matters when a burn figure is presented as though it automatically makes SOL deflationary.
The proposal's estimate puts daily burns at 7,500 to 9,000 SOL, or about $650,000, versus roughly 650 SOL, worth about $47,000 at the cited price, today. Those figures depend on usage and are not a guaranteed daily result.
Helius models SIMD-550 at roughly 18.9 million fewer SOL emitted over six years. The trade-off is lower nominal staking yield as the pool of new tokens shrinks. Its model estimates first-year yields around 3.98% to 4.77% under the proposed schedule, depending on the share of SOL staked.
The vote has now closed at epoch 1024. CoinDesk reported that SGP-0002 received 67% support, with about 25% against and 7.84% abstaining; participation reached 60.7% of eligible stake. The Defiant independently reported 176.29 million SOL for, 66.19 million against and 20.63 million abstaining, or 72.7% support when abstentions are excluded. It also reported that a Kraken-linked validator shifted roughly 8.1 million SOL from against to for before the deadline. SGP-0003, the fee-burn proposal, failed to reach the same threshold.
The official governance rules define an accepted SGP as a mandate to proceed, not an immediate mainnet activation. SGP-0002 therefore points toward implementation of SIMD-0550 through Solana's normal technical process; SGP-0003's fee redesign did not clear the vote. No new issuance schedule or fee rule should be treated as live until the relevant software work is reviewed and activated.
