Blockchain Report on Nostr: Solana's proposed SGP-0003 governance upgrade aims to significantly increase the ...
Solana's proposed SGP-0003 governance upgrade aims to significantly increase the daily destruction of its native SOL token, potentially boosting daily token burns from approximately $47,000 (650 SOL) to $650,000 (7,500-9,000 SOL). This proposal bundles two technical enhancements: the introduction of a resource fee mechanism (SIMD-0553) and a doubling of the annual de-inflation rate (SIMD-0500). The latter aims to bring Solana to its 1.5% inflation floor by 2029, six years earlier than projected, reducing new SOL issuance by an estimated 18.9 million tokens over six years. The proposal is currently gathering support signals, with 24.94 million SOL (5.8% of staked total) in favor. It has two weeks remaining to reach the 15% threshold required for formal voting, needing an additional 40 million SOL in support. The initiative is being discussed among Solana validators.
#crypto #blockchain #news
Published at
2026-08-05 05:04:53 CESTEvent JSON
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"content": "Solana's proposed SGP-0003 governance upgrade aims to significantly increase the daily destruction of its native SOL token, potentially boosting daily token burns from approximately $47,000 (650 SOL) to $650,000 (7,500-9,000 SOL). This proposal bundles two technical enhancements: the introduction of a resource fee mechanism (SIMD-0553) and a doubling of the annual de-inflation rate (SIMD-0500). The latter aims to bring Solana to its 1.5% inflation floor by 2029, six years earlier than projected, reducing new SOL issuance by an estimated 18.9 million tokens over six years. The proposal is currently gathering support signals, with 24.94 million SOL (5.8% of staked total) in favor. It has two weeks remaining to reach the 15% threshold required for formal voting, needing an additional 40 million SOL in support. The initiative is being discussed among Solana validators.\n\n#crypto #blockchain #news ",
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