Huo Xing Finance reports that, according to Solana governance platform data, SGP-0002, the "Double Deflation" proposal, is currently in the voting phase, with only about 12 hours remaining until the vote closes. Initiated by Helius (HEL1...e2TU), the proposal recommends increasing the deflation rate in Solana’s inflation schedule from the current -15% to -30% to accelerate the reduction of network inflation. The current voting participation rate is 47.29%, meeting the one-third quorum requirement. The vote distribution is as follows: Yes: 140.6M SOL (68.58%), No: 47.39M SOL (23.12%), Abstain: 17.01M SOL (8.3%). Major voting parties supporting the proposal include Helius, Jupiter, and Staking Facilities, while Figment, Everstake, and P2P.org have voted against it.
Solana Double Deflation Proposal Vote Approaches End with Majority Support
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Summary
Solana’s SGP-0002 “double deflation” proposal is nearing final approval, with current support at 68.58%. Initiated by Helius, the vote aims to double the deflation rate to -30%. With 47.29% participation, the proposal has surpassed the one-third quorum. Validators such as Jupiter and Staking Facilities support the plan, while Figment and Everstake oppose it. The divide among validators remains a key factor as the countdown continues.
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