Solana validators have narrowly approved SGP-0002, a proposal to double the network's annual disinflation rate from 15% to 30%, after a dramatic final stretch in the blockchain's first binding governance vote.
The Solana validator community has officially voted to speed up the network's token emission reduction schedule. Known as SGP-0002 or the “Double Disinflation” proposal, the measure achieved 67% approval, with 25.16% voting in opposition and 7.84% choosing to abstain.
Validators back faster disinflation, while technical activation still separates the governance result from lower issuance.
More than $1 million in user funds was drained from the Solana-based crypto card platform, Avici, following a security exploit on Friday.
The Avici incident underscores the critical need for robust security in DeFi, impacting trust in crypto card products and Solana's ecosystem. Avici confirms full refunds for users after Solana card exploit.
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An ongoing attack against Solana-based crypto card platform Avici has reportedly drained more than $1 million from user collateral accounts while sending its AVICI token to an all-time low.
Bitwise's Solana Staking ETF, BSOL, has surpassed $1 billion in assets under management roughly 10 months after launch. The fund now represents more than half of total Solana ETF assets. Its growth comes as institutional access to SOL expands, while staking gives investors another way to gain regulated exposure to the Solana ecosystem.
The approved proposal doubles Solana's annual disinflation rate from 15% to 30%, reducing future SOL issuance while leaving its long-term inflation target unchanged.
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