Solana Supply Restriction Proposal Progress: 'Double Deflation' Passed with 2/3 Majority

BlockBeats News, August 28th, according to the official website, the Solana "Double Deflation" proposal has concluded the voting phase, with a participation rate of 60.69%. Of the votes, 67% were in favor, 25.16% were against, and 7.84% abstained. The approval rate has reached the required 2/3 support threshold. The proposal suggests reducing the SOL inflation rate to about half of its original value, increasing the deflation rate to 30%. By current estimates, this proposal will reduce the circulating supply of SOL by approximately 18.9 million tokens over the next six years.

In addition, the "Resource and Inclusion Fees" proposal has completed the voting phase, with a participation rate of 61.14%. Of the votes, 53.9% were in favor, 18.92% were against, and 27.18% abstained. The approval rate did not reach the required 2/3 support threshold. The proposal suggests introducing a transaction fee mechanism based on resource consumption, where fees are charged based on the network resources a transaction consumes. It is expected that this change could increase the daily burn of SOL from the current approximately 650 tokens to 7500 to 9000 tokens.