Solana launches onchain governance and sets entry fee at 100,000 SOL staked
Solana has introduced a new onchain governance system called Solana Governance Proposals (SGPs) that allows validators with at least 100,000 SOL staked to propose network changes. This system aims to decentralize decision-making by separating high-level strategic proposals from technical implementation details.
Why it matters
This represents a significant shift in how major blockchain networks manage decentralized governance and community participation.
The new system, called Solana Governance Proposals (SGPs), lets validators with at least 100,000 SOL ($7.70 million) staked, or locked on the network, propose major directional changes to the network. Think of it like a big company suddenly handing real voting rights to its shareholders after years of letting only the board and executives call the shots.
The article explains the technical mechanics of a new governance protocol without promoting or criticizing the network.
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