Solana's 'Double Deflation' Proposal Passes with 67% Approval

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Solana’s "Double Deflation" proposal passed on August 28 with 67% approval, meeting the two-thirds threshold. The plan aims to reduce SOL inflation by half and increase deflation to 30%, potentially cutting token issuance by 18.9 million over six years. A separate on-chain proposal, "Resources and Inclusion Fees," failed with 53.9% support; it sought to raise daily SOL burns from 650 to 7,500–9,000 tokens.

ChainThink reports that on August 28, according to the official announcement, the voting for Solana's "double deflation" proposal has concluded, with a voter participation rate of 60.69% and a approval rate of 67%, surpassing the two-thirds threshold required for passage.

The proposal aims to reduce SOL’s inflation rate by approximately half and increase the deflation rate to 30%,预计 reducing the total SOL issuance by around 18.9 million over the next six years.

Additionally, the voting for the "Resources and Inclusion Fee" proposal has concluded, with a participation rate of 61.14% and a support rate of 53.9%, falling short of the two-thirds approval threshold.

The proposal aims to introduce a resource consumption-based transaction fee mechanism, expected to increase the daily SOL burn rate from approximately 650 to between 7,500 and 9,000.

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