Solana Results of the first round of on-chain governance voting are out
2026-08-28 23:57:32
According to CoinMeta, Wu said that the first round of on-chain governance voting for Solana has concluded. Proposals Solana Constitution and sgp-0002 were approved, while proposal sgp-0003 Resource and Inclusion Fee was not passed. Among them, sgp-0001 received 86.0% support, sgp-0002 received 67.0% support, just exceeding the two-thirds threshold; however, sgp-0003 received 53.9% support, which did not meet the requirement. Proposal sgp-0002 aims to increase the annual inflation reduction rate from 15% to 30%. If implemented, this is expected to bring the time to reach a terminal inflation rate of 1.5% forward from around 2032 to 2029, and it will also reduce the new issuance of SOL by approximately 18.9 million within six years. Proposal sgp-0003 originally proposed to split the existing base transaction fees into a fixed amount of Inclusion Fee and a portion that is calculated based on resource usage and then destroyed.
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