Kraken and Galaxy flipped late as Solana approved a major supply cut

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Solana’s SGP-0002 proposal to double the annual disinflation rate from 15% to 30% passed with 176.29 million SOL For, representing 72.7% of decisive stake, approximately 14.64 million SOL above the two-thirds threshold. Validators Kraken and Galaxy shifted their positions in favor of the proposal in the final seconds of voting, contributing to its narrow passage. This governance decision does not immediately change SOL’s monetary schedule; technical implementation still needs to go through SIMD-0550, client coordination and eventual activation. The proposal’s model estimates a reduction of approximately 18.89 million SOL issued over six years, which could affect staking yields. Solana closed down 2.98% over the past 24 hours and currently ranks 7th by market cap.

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Telemac
Telemachttp://cryptoinfo.ch
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