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cryptoJul 2, 2026, 4:01 PM

Solana Launches Formal On-Chain Governance System SGP

Solana has introduced Solana Governance Proposals (SGP), a formal on-chain governance system for network development voting. Proposals require support from 15% of active stake to proceed, with a two-thirds majority needed for approval.

SOLUSD

Solana has launched Solana Governance Proposals (SGP), a formal on-chain governance framework for voting on network development decisions.

Key details:

  • Only validators with at least 100,000 SOL staked (approximately $7.7 million) can submit proposals.
  • Before a vote, the initiative must gain support from 15% of the active stake.
  • Approval requires a two-thirds majority.
  • Delegators have the ability to change their validator's vote or vote independently.

This system aims to decentralize decision-making for Solana's future upgrades and changes.

Source: ForkLog