Solana Launches Onchain Governance With Stake-Weighted Validator Voting
The Solana Foundation has launched Solana Governance Proposals, or SGP, a new onchain governance mechanism that allows validators to submit, sponsor and decide core ecosystem governance issues through stake-weighted voting. Solana, one of the largest Layer 1 blockchains by market value and developer activity, said any validator with at least 100,000 SOL delegated can open an SGP, while proposals must gain support from at least 15% of total network stake before entering a formal vote. $SOL $VELVET
The Solana Foundation has launched Solana Governance Proposals, or SGP, a new onchain governance mechanism that allows validators to submit, sponsor and decide core ecosystem governance issues through stake-weighted voting. Solana, one of the largest Layer 1 blockchains by market value and developer activity, said any validator with at least 100,000 SOL delegated can open an SGP, while proposals must gain support from at least 15% of total network stake before entering a formal vote. $SOL $VELVET