Double Disinflation
- Support
- Discuss
- Snapshot
- Voting
- Await
- Final
SGP
On-chain governance
- For
- 67.0% 176.29M SOL
- Against
- 25.2% 66.19M SOL
- Abstain
- 7.8% 20.63M SOL
Card percentages use the total of For, Against, and Abstain.
Outcome Finalized tally · policy outcome unclassified
- Proposal PDA
- 7QJD8MzheHWJLHS39NkoAbFCGFKg5d9QbVviRqD4YExP
- Snapshot slot
- 440641000
- Voting schedule
- Epochs 1021–1023; voting closes at the start of epoch 1024
Decision brief
Why this proposal matters
Reduce the inflation schedule by increasing the disinflation rate from the current -15% rate to -30%.
Proposal at a glance
What changes
- This proposal asks validators and delegators to endorse doubling Solana's annual disinflation rate from 15% to 30%. After activation, SOL inflation should decline toward the 1.5% terminal rate twice as quickly as it does today.
- This proposal preserves the current design of Solana's inflation schedule:
- • the terminal inflation rate remains at 1.5%
Stakeholder map
Who is affected
Builders & client teams Impact unknown
No proposal-specific evidence was found for this group.
Action requirement unknownValidators & operators Medium impact
• The realized impact on validator economics depends in part on future staking participation and commission trends, which may shift before activation.
Action requirement unknownUsers & stakers Impact unknown
No proposal-specific evidence was found for this group.
Action requirement unknownGovernance & ecosystem Impact unknown
No proposal-specific evidence was found for this group.
Action requirement unknownExact source revision
Full proposal document
f31caa47523bMutable source: the current text may change. Revision and content hash are shown for provenance.
Summary
Reduce the inflation schedule by increasing the disinflation rate from the current -15% rate to -30%.
Technical Sponsor
Not required for this SGP.
The technical change is intentionally minimal and should be implemented through the normal Solana client development process. The relevant client teams should ensure the feature gate, conformance tests, and activation behavior are implemented consistently across validator clients.
Financial Sponsor
Not required for this SGP.
No separate funding request is proposed. The change is small in implementation scope and can be handled through existing protocol development processes.
Related SIMDs and SGPs
SIMD-0550 Double Disinflation Rate: The primary related SIMD. This SGP is intended to express validator and governance support for SIMD-0550 and its rollout requirements.
SIMD-0411 Prior Double Disinflation Proposal: An earlier version of SIMD-0550 that proposes the same changes.
SIMD-0228 Market-Based Emission Mechanism: Relevant historical context. SIMD-0228 proposed a more complex inflation mechanism and failed to reach quorum.
Motivation
While there is a significant appetite to reduce the nominal inflation rate of SOL, mechanism design has become a point of contention, ultimately leading to SIMD 228 failing to reach quorum. This SGP represents a simplification of the idea, delivering predictable inflation reduction by doubling the disinflation rate.
An SGP is the right instrument because this is first and foremost a governance question: should the network pursue a faster reduction in SOL inflation?
Proposal
This proposal asks validators and delegators to endorse doubling Solana's annual disinflation rate from 15% to 30%. After activation, SOL inflation should decline toward the 1.5% terminal rate twice as quickly as it does today.
This proposal preserves the current design of Solana's inflation schedule:
- the terminal inflation rate remains at 1.5%
- the schedule remains deterministic and predictable
- staking rewards continue to use the existing protocol reward mechanism
- commissions, MEV, transaction fees, and block rewards are unchanged
Dependencies
This SGP depends on SIMD-0550 being accepted and activated through the normal Solana feature-gate process.
Impact and Open Questions
Doubling disinflation accelerates the timeline of reaching the terminal emissions rate from a period of ~5.7 years to ~2.8 years. This would result in a reduction of approximately ~18.9 million SOL in emissions over the next 6 years, which is ~2.6% lower than the current disinflation schedule. With 41% of validators already opting for a 0% commission on emissions, this change would result in little realized reduction in revenue for many validators, with a soft taper so the remaining 59% do not experience any immediate significant shock to projected earnings. A more detailed breakdown can be found in the accompanying forum post.
- The realized impact on validator economics depends in part on future staking participation and commission trends, which may shift before activation.
Evidence graph
Related proposals and rollout
Upstream review record
Upstream discussion & review
GitHub review is editorial context, not evidence of on-chain support, voting, or outcome.
PR #4 · merged Add SGP-0002: Double Disinflation 7 comments and reviews · Aug 28, 2026Greptile Summary This PR adds SGP-0002, a governance proposal asking Solana validators and delegators to endorse doubling the annual disinflation rate from 15% to 30%, which would accelerate the path to the 1.5% terminal inflation rate from ~5.7 years to ~2.8 years and reduce emissions by ~18.9M SOL over six years. - The proposal content — motivation, economic impact figures, and SIMD-0550 linkage — is clearly written, but three sections required by the template are absent: Rationale, Alternatives Considered, and the critically important Vote section (which must state the exact on-chain question and the For / Against / Abstain options). - The document also introduces two non-template section
GitHub ↗Missing required Vote section The template and README both list the exact Vote question with its options as a mandatory element of every SGP document: "contains, at minimum: … the exact Vote question with its options." Without this section, validators and delegators have no formally stated question to vote on and no specified choices (e.g. For / Against / Abstain), which is a precondition for taking the proposal on-chain via svmgov. Note: If this suggestion doesn't match your team's coding style, reply to this and let me know. I'll remember it for next time!
GitHub ↗Missing required Rationale and Alternatives Considered sections The template lists both Rationale and Alternatives Considered as required sections. Rationale explains why this direction is right (trade-offs, precedent), and Alternatives Considered must include at minimum the status-quo ("do nothing") option. Neither is present in the current document. The Motivation section touches on why inflation reduction is wanted but does not substitute for a structured rationale or an explicit treatment of alternatives. Note: If this suggestion doesn't match your team's coding style, reply to this and let me know. I'll remember it for next time!
GitHub ↗The created date is one day ahead of the current date (2026-07-02), which is likely a timezone artefact or a typo. Correcting it keeps the metadata accurate. suggestion created: 2026-07-02
GitHub ↗Technical Sponsor / Financial Sponsor sections are not in the template The template does not include these two sections, and the README does not list them as required. Adding non-template sections is fine if intentional, but it's worth confirming they belong in the canonical structure — especially since both say "Not required for this SGP", which means they add text without substance. If these are intended as a pattern for all future SGPs, the template should be updated; otherwise they can be removed here to keep the document lean. Note: If this suggestion doesn't match your team's coding style, reply to this and let me know. I'll remember it for next time!
GitHub ↗Section name diverges from template: Related SIMDs and SGPs vs Relationship to SIMDs The template calls this section Relationship to SIMDs and instructs authors to state what technical work a "yes" vote would trigger. The current section name and framing reads more like a reference list than an explicit statement of the downstream SIMD work. Aligning the name and adding a sentence that says "a 'yes' vote on this SGP signals support for SIMD-0550 to be implemented and activated" would match the template's intent. Note: If this suggestion doesn't match your team's coding style, reply to this and let me know. I'll remember it for next time!
GitHub ↗Introduction I strongly support this proposal. This SGP-0002 combined with SGP-0003 is exactly what Solana needs to become economically sustainable and investable again. I have recently commented on SGP-0003 and I have reused some parts of my comments here because they are equally relevant for addressing the objections to this SGP-0002. Why lower issuance is better than higher yield I came across a theory, that inflation is just a tax on non-stakers. For stakers inflation is neutral or even good because it is compensated by higher rewards, motivates holders to stake, and the higher yield attracts more investment in SOL. So touching the economic model just for the sake of reducing inflation d
GitHub ↗Provenance
Evidence & technical details
Rollout or chain data, source revisions, freshness and integrity. 6
Provenance
Evidence & technical details
Rollout or chain data, source revisions, freshness and integrity.Exact source revision
Sources & integrity
- Proposal document mutable_pull_request
f31caa47523b0d46139a6468e832b586a57b1e878c75f1e8f4989cbac9f36537 - github-sgp-catalog document · stale · Sep 7, 2026
adb22a2a8181791e160ad66ecbbe93594070a231 - svmgov-proposals chain · current · Sep 7, 2026
govYkyQ3ePtGULAtY6V75qjWE8UH4vCUVQ1W4HdCAZU@public-solana · slot 444963018 - svmgov-global-config chain · current · Sep 7, 2026
slot 444963020 - svmgov-current-epoch chain · current · Sep 7, 2026
- svmgov-decoder chain · current · Sep 7, 2026
9887b43027b95eb5666a522c0f313b5e25492ca1c9af3a881de703bb112bd611 - github-chain-document:8642f66a0721 document · stale · Sep 7, 2026
94d6c94fe7bf714287872b4d7c73baf9b75ce25b
The SGP number was inferred from the filename.
The linked document can still change.
One or more sources are unavailable.
The document and on-chain titles differ; both sources are preserved.
simd.watch community discussion · SGP-0002
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