Solana Launches On-Chain Governance Mechanism, Proposals Require 15% of Total Network Staked Support Before Voting

Odaily Planet Daily News: The Solana Foundation has officially launched the on-chain governance mechanism, Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals are conducted on-chain, utilizing a stake-weighted voting mechanism and verified via Merkle proofs. Any validator with at least 100,000 SOL delegated can initiate an SGP. Unlike Solana Improvement Documents (SIMDs), which focus on technical and protocol changes, SGPs are primarily used to express ecosystem governance opinions. Proposals must receive support from at least 15% of the total network's staked SOL before entering the formal voting stage.