Solana Treasury Firm Fights to Preserve Staking Yield

Solana Company, a Nasdaq-listed treasury company and validator operator, has announced its opposition to SGP-0002, a proposal to accelerate disinflation. According to Solana's governance design, delegated stake follows a validator's position by default, but native stakers can override this position for individual stake accounts. This means that Solana Company's position is influential while still allowing direct choice for the owners of its delegated stake.

The company's opposition is based on predictable inflation and staking yield, which help institutions model returns and adopt SOL. Its second-quarter results showed that $2.512 million of its $2.526 million in revenue came from staking on company-held SOL, accounting for 99.4% of its revenue.

The live monetary-policy vote is forcing the Solana network to confront a basic governance question: what happens when a validator setting a default vote for delegated stake has a disclosed interest in preserving staking yield? The proposal remains in voting with about 5.27 million SOL For, 547,019 SOL Against, and zero Abstain across 24 votes.