Solana Proposal to Reduce New SOL Issuance Passes by a Hair: Support Reaches 67%

The proposal accelerating reductions in new SOL issuance on Solana has been approved, narrowly exceeding the required two-thirds majority with 67% support; while 60.7% of eligible stake participated in the vote, a suggestion for increased SOL burning was rejected.

According to final results reported by CoinDesk, Solana validators **approved proposal SGP-0002** in the network’s first comprehensive governance vote affecting tokenomics. The decision paves the way for a faster implementation of cuts to the amount of new SOL to be produced.

Support in the vote **remained at 67%**. Since the two-thirds threshold required for the proposal to pass is approximately 66.67%, the result was finalized by a **margin of only about one-third of a percentage point**. While 60.7% of eligible stake voted, approximately 25% of votes were cast against the proposal, and 7.84% abstained.

Critical vote on Solana changed at the last minute

Support votes trended below the required level until the final hour. The **Kraken 2 validator**, which is exchange-affiliated and represents approximately 2% of the votes, changed its opposing vote to support in the final minutes. Helius CEO Mert Mumtaz also noted that the vote passed by a hair with votes coming in during the final seconds.

Two economic proposals saw different outcomes in Solana’s first network-wide governance process. Despite calling for more SOL to be burned from transaction fees, **SGP-0003 was rejected with approximately 54% support**. This result showed that while validators accepted the proposal to reduce new SOL supply on the network, they did not provide the same level of support for the burn plan.

Meanwhile, **SGP-0001**, which establishes governance rules, was approved with 95.35% support. The proposal creates the fundamental framework for voting weights, participation requirements, and approval thresholds in future network decisions.