Solana Launches On-Chain Governance, Requires 100,000 Staked Tokens to Submit Proposals
Summary
- Solana has formally launched Solana Governance Proposals (SGP), an on-chain governance system.
- Validators staking at least 100,000 Solana tokens on the network can submit proposals on key strategic directions.
- Votes are weighted in proportion to the amount staked and the results are recorded on-chain, marking a shift toward a community- and validator-led decision-making structure.
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Solana has formally launched an on-chain governance system.
CoinDesk reported on July 2 that Solana unveiled its Solana Governance Proposals, or SGP, system on GitHub. Any validator staking at least 100,000 Solana tokens on the network can submit proposals on the network’s broader direction.
Under the SGP framework, validators write and submit proposals outlining the direction the Solana network should take. Voting power is weighted according to each participant’s staked holdings, and the results are recorded on-chain.
The system uses Merkle proofs, a cryptographic method that allows users to verify whether a specific vote was included in the tally without rerunning the full count.
The rollout is notable because it shifts decision-making from Solana’s core developers and foundation toward a structure led by the community and validators.
SGP is focused on setting the network’s direction. Actual technical implementation will proceed through a separate existing process.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul