Solana Completes First Validator Governance Vote With Two Proposals Passing
Solana's first on-chain validator vote saw the constitution and faster disinflation measures pass while the fee-burn proposal fell short.
Solana, a blockchain network that processes transactions at high speed and low cost, completed its first network-wide on-chain governance vote this week. Validators, the operators who run the computers that confirm transactions and secure the network, considered three proposals. All three reached the required quorum, and two passed.
Vote outcomes
SGP-0001, the Solana Constitution that sets rules for future proposals and votes, received 85.97 percent support, 2.06 percent against, and 11.97 percent abstaining on 51.96 percent participation. SGP-0002, which doubles the network's disinflation rate from minus 15 percent to minus 30 percent, passed with 67.00 percent support, 25.16 percent against, and 7.84 percent abstaining on 60.70 percent participation. SGP-0003, a measure to increase the portion of transaction fees permanently removed from circulation, received 53.90 percent support and did not pass.
Participation and next steps
Results were announced on X by Solana. The exact final validator count and total stake weight are not stated in the available record. No immediate economic impact figures were provided.