TLDR Tech / Crypto
Solana Launches Onchain Governance
Solana Governance Proposals (SGPs) enable validators and token holders to collectively steer network decisions. Initiating a proposal requires 100,000 SOL (~$7.7M) staked. Proposals must clear 15% of active stake to reach a ballot, and passage demands a two-thirds supermajority of voting stake, with results recorded onchain and verified via Merkle proofs. A staker sovereignty feature allows delegators to override their validator's vote or vote independently if the validator abstains, keeping governance power distributed among token holders rather than concentrated at the validator layer. SGPs govern high-level directional decisions while technical implementation follows through Solana Improvement Documents (SIMDs), separating strategic choices from engineering execution, with the full process running on Solana's epoch schedule at roughly two-day phase intervals.
Read the full story