Solana's first network-wide governance vote concluded Friday with SGP-0002 passing 67 percent—just above the two-thirds threshold—after a dramatic last-minute validator flip that proved decisive.
Kraken 2, the exchange-linked validator representing roughly 2 percent of eligible stake, switched from against to for in the final hour before the deadline. Mert Mumtaz, CEO of Helius and a lead proposal advocate, confirmed the intensity on X, saying after "500 calls in the past few hours," the necessary votes locked in "by a literal hair."
Participation hit 60.7 percent of eligible stake, clearing the one-third quorum. Approximately 25 percent voted against SGP-0002 and 7.84 percent abstained.
SGP-0002 accelerates Solana's disinflation schedule, slowing the rate at which new SOL tokens enter circulation. The mechanic directly compresses issuance—a core concern for holders facing supply pressure. SOL briefly bounced on the news but traded near $106, down 1.2 percent over 24 hours.
Two companion governance proposals also voted Friday. SGP-0001, establishing a constitution for future governance and setting participation requirements and approval thresholds, passed decisively at 95.35 percent support. SGP-0003, which sought to increase SOL token burns through fee restructuring, failed with only 54 percent support.
The three votes marked Solana validators' first direct control over core economic rules, with SGP-0001's passage now locking in the framework for all future network decisions.
