Kraken and Galaxy flipped late as Solana approved a major supply cut

The proposal to double Solana’s annual disinflation rate has been marked Accepted after closing with 176.29 million SOL For, 66.19 million SOL Against and 20.63 million SOL Abstain, according to Validator Info.

The result gives Solana validators and stakers a directional mandate to accelerate the network’s path toward lower issuance. However, it does not immediately change SOL’s monetary schedule. The next phase still depends on implementation through SIMD-0550, client coordination, feature gating and eventual activation.

That distinction now defines the story. Solana’s first major governance cycle has moved past the question of whether SGP-0002 crossed the line and into a more important question: whether a narrow, high-stakes vote can become a clean consensus change.

The vote passed, but the margin depends on the denominator

The final public tally still produces two different-looking margins from the same balances.

Validator Info shows 176.29 million SOL For, equal to about 67.0% of the 263.12 million SOL in displayed turnout. That headline figure explains why the vote looked like a last-minute cliffhanger.

Solana’s governance-proposal policy excludes Abstain from the approval denominator. Under that rule, For is measured only against For plus Against.