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Solana validators vote on proposals to speed SOL supply cuts

Two proposals would accelerate new SOL issuance reductions and increase daily fee burns from about 650 SOL to as much as 9,000 SOL, according to CoinDesk.

Reported · Written up by our desk · Market Structure

Solana validators are voting through Thursday, with decisions weighted by how much SOL is staked, on three proposals that would change how SOL supply grows and how transaction fees are handled, CoinDesk reported. Voting runs until about 15:30 UTC, with the three measures processed simultaneously under the current weighted voting system.

Two of the proposals target supply. SGP-0002 would speed Solana’s annual reduction in new issuance by doubling the current 15% yearly cut to 30% per year, reaching the issuance floor sooner.

The second supply proposal, SGP-0003, would change transaction fee allocation by splitting the fee, sending a fixed portion to the block producer and permanently destroying a separate portion scaled to the transaction’s computational work. CoinDesk said the change would raise daily SOL burns from roughly 650 SOL to between 7,500 and 9,000 SOL, cited as worth about $61,000 to $846,000 at Monday’s SOL price.

The third proposal, SGP-0001, does not directly affect supply, but would ratify what the network calls the Solana Constitution and formalize the voting document and software that governs how the measures are decided. CoinDesk noted the sequence is unusual because the supply proposals are being voted on using that same system while the constitution proposal is also being counted.

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