The Solana inflation reduction proposal passed with a 67% support rate: Helius CEO Mert Mumtaz lobbied in the final stage

In Solana's first binding on-chain governance vote, the SGP-0002 proposal aimed at accelerating the downward pace of SOL inflation passed with a support rate of 67%. This proposal, driven by the infrastructure service provider Helius, plans to increase the annual inflation adjustment rate of Solana from 15% to 30%, accelerating the network to reach a terminal inflation level of 1.5% and reducing the scale of new SOL issuance in the medium to long term.

On the eve of the voting deadline, the proposal's support rate had not reached the two-thirds statutory threshold. Helius CEO Mert Mumtaz contacted major validator nodes and institutions in the final stages, and Kraken's validator node Kraken2 changed its voting position from opposition to support just before the deadline. Ultimately, the proposal received a support rate of 67%, with 25% opposed and 7.84% abstaining, and a staking participation rate of 60.7%, meeting the required number of voters. Mert Mumtaz stated that after hundreds of communications, the proposal gained crucial votes and passed in the final stages.