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.
Solana validators have approved a proposal to accelerate the network's annual disinflation rate, increasing it from 15% to 30%. This change is expected to reduce future SOL issuance by an estimated 18.9 million coins over the next six years, while leaving the network's long-term inflation target of 1.5% unchanged. The proposal, known as SGP-0002 or Double Disinflation, passed with 67% support, despite facing opposition from some of the largest participants, such as Figment, which voted against the measure.
Brief written by urgent.news from Cointelegraph's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
Kevin Warsh passed another big test as a new Federal Reserve chairman on Friday: He said the central bank still has work to do on inflation, and the bond market took him at his word.
Canada Post on Friday reported a loss before tax of $277 million in the three-month period from April through June as the postal workers union signed a multi-year deal.
The US government is pursuing a major stake in Venezuelan oil reserves via a potential partnership between the Department of Defense and Alejandro Betancourt, a controversial energy investor who has…
