Solana's Double Disinflation Proposals Fail to Secure Approval in On-Chain Vote

Solana’s first-ever binding on-chain governance vote just wrapped up, and the network’s validators said “not yet” to two proposals that would have dramatically reshaped the chain’s economic model. SGP-0002 and SGP-0003, which aimed to accelerate token disinflation and overhaul the fee structure respectively, both failed to clear the two-thirds supermajority threshold required for passage.

The vote, which concluded at the end of epoch 1023 on August 27, 2026, was conducted through Solana’s new svmgov system.

SGP-0002 was the more straightforward of the two. It proposed doubling Solana’s annual disinflation rate from 15% to 30%, which would have fast-tracked the network’s journey toward its 1.5% terminal inflation rate. The practical effect: roughly 18.9 million SOL would have been eliminated from future issuance by 2029.

SGP-0003 tackled the fee side of the equation. It sought to split base transaction fees into two components: a fixed 2,500-lamport inclusion fee paid directly to block leaders, and a variable resource fee that would be entirely burned. The projected impact was substantial. Daily SOL burns could have jumped from approximately 650 SOL to somewhere between 7,500 and 9,000 SOL, depending on network usage.

These proposals follow a lineage of unsuccessful attempts to reshape Solana’s tokenomics. SIMD-0228, which tackled similar inflation concerns, failed to pass in March 2025. SIMD-0411 met a comparable fate in late 2025 and early 2026.

Proponents like Helius engineers and Solana co-founder Anatoly Yakovenko publicly supported discussions around tightening the network’s monetary policy. The Solana Company itself opposed both SGP-0002 and SGP-0003, citing concerns about timing and predictability.

A third proposal, SGP-0001, which laid out a Solana Constitution, was also part of the inaugural vote.

The svmgov framework allows validators to vote with their staked SOL, meaning larger operators carry proportionally more influence. Entities like Helius threw significant stake weight behind the proposals. That they still couldn’t push either measure past 66.67% illustrates how fragmented validator sentiment remains on economic policy.

Three consecutive proposal cycles have now failed to alter Solana’s inflation trajectory, which means the network continues operating under parameters that a vocal portion of the community considers suboptimal.

For SOL holders, the immediate takeaway is that the current emission schedule stays intact. The network will continue its 15% annual disinflation rate, and fee burns will remain at their existing modest levels.