All three Solana governance proposals have secured enough participation to clear quorum, but two supply-related measures remain in close contention. The proposal to accelerate SOL’s disinflation schedule is only slightly above the required approval level, while the plan to increase token burns is still below the two-thirds majority needed to pass.

Solana’s validators and stakers are considering two separate ways to limit future SOL supply growth. One proposal would reduce the number of new tokens issued to network participants, while the other would increase the amount of SOL removed from circulation through transaction fees.

New SOL is issued daily as a reward for the operators who maintain and secure the blockchain. Lower issuance would reduce the number of new tokens entering the market, while higher burns would permanently remove more tokens. Both mechanisms could therefore reduce supply dilution for existing holders.

The votes are also notable because they form part of Solana’s first onchain governance process. The system gives validators and stakers a formal mechanism for voting on significant changes to the network’s economic structure and technical design.

One proposal would introduce a fee model that accounts for the computational resources consumed by individual transactions. The relevant portion of those fees would then be burned. If implemented, daily SOL burns could increase from around 650 tokens to between 7,500 and 9,000.

At this week’s market prices, burning 9,000 SOL each day would represent about $800,000. Even at that rate, however, the burn would remain well below Solana’s current daily issuance of approximately 60,000 SOL.

Solana Governance Vote: How Approval Works

Each proposal must first attract participation equivalent to at least one-third of the network’s total stake. Once quorum is reached, two-thirds of participating stake must vote in favor for the proposal to pass.

Abstentions count as participation, allowing them to contribute toward quorum, but they do not count as affirmative votes. This distinction can make proposals with high abstention levels harder to approve.

Solana’s governance platform showed that all three proposals had crossed the quorum threshold by Friday.

SGP-0001 Leads, While Supply Votes Remain Close

SGP-0001, known as Solana’s “constitution,” has received overwhelming support. It establishes the basic rules for onchain governance, including who can vote, how voting power is calculated and what approval threshold applies. The proposal has 95.35% support and only 0.22% opposition.

SGP-0002 is passing by a narrow margin. It seeks to accelerate the reduction in SOL issuance by applying a 30% annual decrease rather than the current 15% rate.

The proposal has 68.77% support with 47.72% participation. If approved, Solana’s issuance rate would reach its minimum target of 1.5% annually around 2029, compared with 2032 under the existing schedule.

The faster disinflation path would prevent roughly 18.9 million SOL from being created over a six-year period.

SGP-0003 is still below the required approval level. It proposes changes to Solana’s transaction-fee system that would direct considerably more SOL toward token burning.

The measure currently has 62.72% support, with 16.52% against and 20.75% abstaining. Participation is 42.51%, leaving the proposal short of the 66.67% support requirement.

Its relatively high abstention rate is another obstacle. Because abstentions count toward participation without adding to the approval percentage, the proposal must attract additional affirmative votes to cross the threshold.

Solana Company Pushes Back on Supply Proposals

The two proposals affecting SOL’s monetary economics have faced opposition from Solana Company, the Nasdaq-listed SOL treasury firm trading under the HSDT ticker.

On Aug. 21, the company said it supported SGP-0001 but opposed SGP-0002 and SGP-0003. It argued that institutional participants need predictable economic conditions to make long-term investment and operational decisions.

The voting period was initially expected to conclude Thursday afternoon UTC but remained open Friday while the final epoch was still underway. Solana governance votes span three epochs, with the length of each period determined by blockchain production rather than a fixed clock.

A successful vote would not immediately change Solana’s network rules. Approval gives the proposal authorization to move forward, after which the required technical changes must be separately designed, developed and deployed.