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Solana has launched an on-chain governance mechanism; proposals must receive the support of 15% of the network’s total staked tokens before they can be voted on.
Svmuu News: The Solana Foundation has announced the official launch of its on-chain governance mechanism, Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals take place on-chain, utilizing a staking-weighted voting mechanism and verified via Merkle proofs. Any validator with at least 100,000 SOL delegated to them may initiate an SGP. Unlike Solana Improvement Documents, which focus on technical and protocol changes, SGPs are primarily used to express opinions on ecosystem governance. Proposals must secure the support of at least 15% of the network’s total staked SOL before entering the formal voting phase.
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