Solana's SGP0002 "Double Deflation" Proposal Moves Into Support Phase, Targets 30% Annual Deflation
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Solana's SGP0002 has entered the support phase and needs 43.27M SOL (10% of active stake) to proceed to a full governance vote; current support is 27.19M SOL (41.9% of the threshold). If adopted, the proposal would double the annual deflation rate from 15% to 30%, reach terminal inflation faster, and reduce cumulative issuance by ~18.9M SOL over six years, tightening supply dynamics.
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Odaily Planet Daily reports that Solana's "double deflation" proposal, SGP0002, has entered its support phase. To proceed to a full governance vote, the measure must secure backing from 10% of active staking, equivalent to 43.27 million SOL. Support currently stands at 27.19 million SOL, or 41.9% of the required threshold.
If adopted, SGP0002 would raise Solana's annual deflation rate from 15% to 30%. The change is designed to shorten the timeline for reaching the network's terminal inflation rate of 1.5% to about 2.8 years from roughly 5.7 years, and cut total SOL issuance by around 18.9 million over the next six years.
