Solana proposal SGP-0002 just barely passed. It’s aimed at reducing Solana’s inflation rate, increasing it to 30% annually, which means in 3 years, SOL’s Staking APR will drop sharply to 1.5%. In the end, the proposal scraped by with a 67% approval rate, just 0.3% above the 2/3 threshold needed to pass. For example, Kraken and Galaxy only switched their votes from “no” to “yes” at the very last moment. I checked Galaxy’s statement before they voted in favor, and they were clearly torn: ‘These proposals raise uncertainty about whether issuance and fee parameters might be changed again in the future.’ Let me translate that: You changed it this time, you’ll change it again next time—where does it end? Honestly, I totally get where they’re coming from. Take Bitcoin, for example. One of its proudest features is its immutability—consensus rules that never change. Even the last time they tried adding a filter for spam transactions to the client, it caused a massive uproar. Also, what surprised me was that Jito, as Solana’s largest LST, actually supported this proposal. I can’t imagine how much internal debate they went through… Until I saw Coindesk’s report, which mentioned that Helius made 500 frantic phone calls to major validators