Solana Activates On-Chain Governance with 100K SOL Threshold

Solana has activated its first on-chain governance system, allowing validators and delegators to directly vote on the network's direction. The new framework, called Solana Governance Proposals (SGPs), requires validators with at least 100K SOL staked to submit proposals, which must then gather support from at least 15% of active stake before moving forward.

Proposals that meet this threshold will be put to a vote on the network, where they require two-thirds support from voting stakeholders to pass. This system is designed to give more direct power to delegators, who can override their validator's vote or cast one themselves, with each vote weighted by the user's staked amount.

The Solana Foundation calls this 'staker sovereignty', aimed at keeping voting power with token owners rather than concentrating it among validators. This launch comes as SOL has gained around 16% over the past week, a period where most large tokens declined.