{"id":77439,"date":"2026-08-29T14:53:53","date_gmt":"2026-08-29T14:53:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/helius-ceo-secures-last-minute-votes-to-slash-solana-inflation\/"},"modified":"2026-08-29T14:53:53","modified_gmt":"2026-08-29T14:53:53","slug":"helius-ceo-secures-last-minute-votes-to-slash-solana-inflation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/helius-ceo-secures-last-minute-votes-to-slash-solana-inflation\/","title":{"rendered":"Helius CEO Secures Last-Minute Votes to Slash Solana Inflation"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Solana validators passed SGP-0002 to double the disinflation rate, reducing the inflation schedule.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CEO Mert Mumtaz pushed Kraken to shift its vote to Yes, securing the slim margin needed to pass.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SGP-0003 failed to pass, avoiding the implementation of a new transaction fee model with a burn percentage.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Solana Barely Passes Double Disinflation Proposal<\/h2>\n<p>Validators of the Solana network <a href=\"https:\/\/governance.solana.com\/proposal\/7QJD8MzheHWJLHS39NkoAbFCGFKg5d9QbVviRqD4YExP\" target=\"_blank\" rel=\"noopener noreferrer\">achieved a milestone by passing Solana Governance Proposal 0002 (SGP-0002)<\/a> in the first vote of this kind.<\/p>\n<p>SGP-0002, titled Double Disinflation, proposed to reduce the inflation schedule by increasing the disinflation rate from the current -15% to 30%.<\/p>\n<p>The proposal, which seemed it wouldn\u2019t pass just hours before the vote conclusion, managed to garner support from 176.29 million SOL (67%) coming from validators, while 66.19 million SOL (25.16%) voted against. 20.63 million SOL (7.84%) abstained.<\/p>\n<p>Mert Mumtaz, co-founder and CEO of Helius, a Solana-focused service provider and validator, alerted that the proposal would not pass, and <a href=\"https:\/\/x.com\/mert\/status\/2093303158940356780?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">called out validators randomly voting against it<\/a> <strong>\u201cunder a false facade of thinking it somehow preserves extra revenue through yield for them.\u201d<\/strong><\/p>\n<p>Mumtaz referred to this train of thought as <strong>\u201cmathematically nonsense,\u201d <\/strong>declaring that<strong> \u201cthe people who prefer the quantity of the asset vs the value of it should immediately move to Venezuela and let other SOL holders know how that works out.\u201d<\/strong><\/p>\n<p>Nonetheless, not all validators opposed the inflation change for this reason. Everstake <a href=\"https:\/\/x.com\/everstake_pool\/status\/2092186353257611581?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">stressed that they voted no as they disagreed<\/a> with <strong>\u201cthe pace of the proposed change, the disproportionate impact it could have on smaller validators, the pressure it may put on staking participation and delegators, and the downside scenarios that remain unaddressed.\u201d<\/strong><\/p>\n<p>Even so, Mumtaz\u2019s push made Kraken change its mind and shift its vote to a Yes, influencing the vote enough to pass by a slim margin. <strong>\u201cAfter 500 calls in the past few hours we got all the votes in the last seconds and passed the disinflation proposal by a literal hair,\u201d<\/strong> he celebrated.<\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/defi\/solana-proposals-could-cut-staking-yield-to-2-25-emissions-by-1-5b\/\">other two proposals<\/a> submitted to a vote received mixed results: <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/solana-governance-vote-constitution-disinflation-fee-reform\/\">The Solana Constitution (SGP-0001) vote passed comfortably<\/a>, while SGP-0003, titled \u201cResource and Inclusion Fee,\u201d failed to pass, avoiding the implementation of a new transaction fee model with a burn percentage.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/altcoins\/helius-ceo-secures-last-minute-votes-to-slash-solana-inflation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Solana validators passed SGP-0002 to double the disinflation rate, reducing the inflation schedule. CEO Mert Mumtaz pushed Kraken to shift its vote to Yes, securing the slim margin needed to pass. SGP-0003 failed to pass, avoiding the implementation of a new transaction fee model with a [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":77440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77439"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77439"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77440"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}