Solana Validators Vote on Constitution, Disinflation, and Transaction Fee Reforms

Solana validators are currently voting on three major network reforms, which cover a proposed constitution, faster SOL disinflation, and a redesigned transaction fee structure.

The proposals, SGP-0001, SGP-0002, and SGP-0003, were put to vote by Solana's validators and delegators on August 23. The voting period is set to end at the conclusion of epoch 1023, which is expected to occur around 15:30 UTC on Thursday, August 27.

The first proposal, SGP-0001, aims to formalize the Solana Constitution, which would become the canonical framework for network-level decisions and activate the blockchain's on-chain governance system. This system would allow validators to vote using their active stake, while delegators can participate through their validator but retain the right to override that decision.

The second proposal, SGP-0002, seeks to double Solana's annual disinflation rate from 15% to 30%, which would accelerate the reduction of SOL issuance. According to estimates, this change could shorten the time required to reach the terminal inflation floor from approximately 5.7 years to 2.8 years.

The third proposal, SGP-0003, proposes a fixed inclusion payment alongside a resource fee that is burned entirely by the protocol. This would split Solana's base transaction charge into an inclusion fee and a resource fee, with the inclusion fee going to the block leader and the resource portion being burned completely.