Solana has introduced stake-weighted onchain governance for core protocol decisions. Validators need at least 100,000 SOL delegated to open a proposal, which must secure support from 15% of active stake before a formal vote.
Solana has introduced stake-weighted onchain governance for core protocol decisions. Validators need at least 100,000 SOL delegated to open a proposal, which must secure support from 15% of active stake before a formal vote.
SGPs are distinct from Solana Improvement Documents, or SIMDs. SIMDs describe technical protocol changes, while SGPs address whether the ecosystem supports a broader governance decision.
Solana has launched Solana Governance Proposals, or SGPs, giving validators an onchain process to propose, support and decide core protocol questions. A validator must have at least 100,000 SOL delegated to open an SGP.
The system creates a formal route for the network’s staked capital to signal its position on major decisions. Voting power is weighted by stake, while Merkle proofs are used to verify participants’ voting weight onchain.
Opening a proposal does not immediately send it to a network-wide vote. An SGP must first gain support representing at least 15% of Solana’s active stake before entering the formal voting stage.
SGPs are distinct from Solana Improvement Documents, or SIMDs. SIMDs describe technical protocol changes, while SGPs address whether the ecosystem supports a broader governance decision.
Delegators also retain a direct role in the process. If they disagree with their validator’s vote, or if the validator does not participate, they can override that position using their own stake weight.
Keep exploring
Bitcoin remained above $60,000 during European trading as markets reduced expectations of a July Federal Reserve rate increase. The yen also strengthened sharply, prompting speculation about possible Bank of Japan intervention.
Read
A teenage suspect has been extradited to the United States over an alleged cyberattack on a luxury jeweler and an $8 million cryptocurrency ransom demand. The case is linked to a crew associated with $100 million in ransoms.
Read
OpenAI is reportedly discussing offering the U.S. government a 5% stake, according to the Financial Times. The talks concern the company behind ChatGPT.
Read