Solana Expands Validator Power With Launch of On-Chain Governance

TheNewsCrypto2026-07-02 tarihinde yayınlandı2026-07-02 tarihinde güncellendi

Özet

Solana has formally launched its on-chain governance system, empowering token holders and validators with a more open and decentralized way to influence major protocol decisions. Governance debates and voting are now conducted entirely on-chain using the new Solana Governance Proposals (SGP) framework, supported by stake-weighted voting and cryptographic verification. Validators with at least 100,000 SOL in delegated stake can submit an SGP. To proceed to a formal vote, a proposal must first gain support from at least 15% of the network's total staked SOL, ensuring only ideas with significant backing move forward. SGPs serve a distinct purpose from the technical Solana Improvement Documents (SIMDs). While SIMDs focus on *how* to implement protocol upgrades, SGPs determine *whether* the broader ecosystem believes a proposal should proceed, via an on-chain, stake-weighted vote. This separation allows core developers to continue building effectively while reserving community-wide votes for impactful decisions. A key feature grants delegators greater control: they can now override their validator's governance vote. If a validator votes against a delegator's preference or abstains, the delegator can cast a vote directly using their own stake weight through Solana's governance portal. The voting process is secured using Merkle proofs to verify participant stakes against an on-chain consensus snapshot. With this implementation, Solana aims to broaden community participation in g...

With the formal launch of its eagerly anticipated on-chain governance system, Solana now offers token holders and validators a more open and decentralised means of influencing important protocol decisions. Governance debates and voting are now fully conducted on-chain. It is supported by stake-weighted voting and cryptographic verification, with the recently implemented Solana Governance Proposals (SGPs).

Additionally, any validator having a delegated stake of at least 100,000 SOL is able to submit an SGP using the new structure. To ensure that only proposals with significant support forward, each proposal must first receive support from at least 15% of the network’s total staked SOL before going to a formal vote.

SGPs Split Community Choice From Technical Building

While Solana Improvement Documents (SIMDs) remain the standard process for technical protocol changes, SGPs serve a different purpose. SIMDs focus on answering how protocol upgrades should be implemented through technical review by core developers.

SGPs, on the other hand, decide whether the larger ecosystem thinks a proposal should proceed, and an on-chain, stake-weighted vote makes the ultimate decision. Additionally, it reserves community-wide voting for proposals that have a major influence on the ecosystem. This distinction enables developers to continue building effectively.

Delegators Gain Greater Control Over Governance

One of the most notable additions is the ability for delegators to override their validator’s governance vote. The validator votes against a delegator’s preference or chooses not to vote at all. And the delegator can cast a vote directly using their own stake weight through Solana’s governance portal.

Merkle proofs secure the voting process by verifying each participant’s stake against a consensus snapshot recorded on-chain. Also, this method relies on specialised governance algorithms that deliver verifiable weights for stakeholders before the actual voting takes place.

As Solana implements on-chain governance, it is able to include more members of the community in governance without compromising the development process.

Validators proposing the governance proposal, stakeholders voting with their stakes, and delegators enjoying full sovereignty. Solana is applying a particular governance model that combines decentralisation and efficiency of protocol development.

Crypto Market Highlights

Dogecoin (DOGE) Hangs Above Key Support: Can $0.068 Hold Against the Bears?

İlgili Sorular

QWhat is the main purpose of Solana's newly launched on-chain governance system?

AThe main purpose of Solana's on-chain governance system is to offer token holders and validators a more open and decentralized means of influencing important protocol decisions through governance debates and stake-weighted voting conducted fully on-chain.

QWhat is the minimum delegated stake required for a validator to submit a Solana Governance Proposal (SGP)?

AA validator must have a delegated stake of at least 100,000 SOL to submit a Solana Governance Proposal (SGP).

QHow do Solana Governance Proposals (SGPs) differ from Solana Improvement Documents (SIMDs)?

ASolana Improvement Documents (SIMDs) focus on the technical implementation of protocol changes through developer review, while Solana Governance Proposals (SGPs) are used to decide whether the larger ecosystem thinks a proposal should proceed, with the ultimate decision made by an on-chain, stake-weighted vote.

QWhat new ability do delegators have in the on-chain governance system regarding their validator's vote?

ADelegators have the ability to override their validator's governance vote. If a validator votes against a delegator's preference or does not vote, the delegator can cast a vote directly using their own stake weight through Solana's governance portal.

QWhat mechanism is used to secure the voting process and verify each participant's stake?

AThe voting process is secured using Merkle proofs, which verify each participant's stake against a consensus snapshot recorded on-chain.

İlgili Okumalar

Demand Test: Bitcoin Whales Earn Record $1.2 Billion, Ethereum Holders Return to Profitability

In just three days after Bitcoin's price recovery, new Bitcoin whales have realized over $1.2 billion in profit, marking the largest profit-taking event for this cohort on record according to CryptoQuant. The peak occurred on August 20 with roughly $614 million, setting a daily record. Analysts note this selling pressure began after Bitcoin rose above the realized price of short-term whales, which was around $68,900. With Bitcoin trading near $77,700 on August 23, these whales were sitting on an average profit of about 12.8%. The market recovery allowed investors who were previously at breakeven or at a loss to lock in gains. CryptoQuant described the situation as a key test for Bitcoin demand; sustained prices above whale cost-basis with normalized profit-taking could signal strong new demand, while continued selling pressure could turn the rally into a mere break-even exit. Simultaneously, large Ethereum holders have also returned to an unrealized profit zone following its rally, as noted by CryptoQuant analyst Darkfost. Current profit levels, however, remain relatively low and are not seen as creating significant selling pressure. The Unrealized Profit/Loss Ratio for different whale cohorts stands at 0.075 (for 1k-10k ETH holders), 0.16 (10k-100k ETH), and 0.38 (over 100k ETH). This marks a significant improvement from June, when these whales were in substantial unrealized loss, with Ethereum having risen over 65% since then. The increased profitability is viewed as a positive sentiment signal for the Ethereum market.

cryptonews.ru10 dk önce

Demand Test: Bitcoin Whales Earn Record $1.2 Billion, Ethereum Holders Return to Profitability

cryptonews.ru10 dk önce

Kinetiq Team Announces Elysium L2 Network for Hyperliquid

On August 24, the liquid staking protocol Kinetiq announced Elysium, a new L2 network for the Hyperliquid ecosystem. It aims to increase HyperEVM's throughput and simplify the launch of spot markets, tokens, and DeFi applications. Elysium will use $HYPE for gas fees and plans direct integration with HyperCore's trading engine, giving apps access to its liquidity and orderbook data. Technical details and partners will be revealed later, with a launch date set for "soon." A primary reason for Elysium's development is to overcome HyperEVM's limitations, such as low throughput and rising fees during high load. Kinetiq claims the L2 will start with significantly higher block production and transaction speeds, later aiming to approach HyperCore's performance. This targets applications needing frequent state updates like high-frequency spot trading and AMMs, and will provide them deeper access to HyperCore orderbook data. The network also proposes to streamline the process of launching new assets within Hyperliquid, allowing a token to progress from AMM liquidity to HyperCore's spot orderbook and eventually to perp markets via HIP-3 in a unified flow. Regarding revenue, Kinetiq's model allocates 50% of sequencer fees to buy back and burn $KNTQ, 25% to developers using Elysium's block space, and 25% to the Kinetiq treasury. Elysium marks Kinetiq's expansion beyond its core liquid staking product, kHYPE.

cryptonews.ru11 dk önce

Kinetiq Team Announces Elysium L2 Network for Hyperliquid

cryptonews.ru11 dk önce

Shipyard Winds Down IPFS Work After Protocol Labs Ends Funding

The Shipyard team, responsible for maintaining and developing key components of the InterPlanetary File System (IPFS), will cease its engineering work, maintenance, and infrastructure management on September 30. This follows Protocol Labs' decision not to renew its funding for the team. Projects like Kubo, Helia, Boxo, Rainbow, IPFS Desktop, and IPFS Companion will be left without a dedicated maintenance crew as a result. Shipyard, formed in 2024 by experienced former Protocol Labs IPFS developers, will also stop maintaining public infrastructure, including ipfs.io and dweb.link. Protocol Labs owns these domains and will decide their future. While IPFS itself is not shutting down, the move leaves many popular implementations and services without consistent support unless other developers take them over. A Protocol Labs representative stated that IPFS will transition to a "more lightweight maintenance" model using grants from the IPFS Foundation to fund individual maintainers, with development continuing on decentralized public infrastructure.

cryptonews.ru11 dk önce

Shipyard Winds Down IPFS Work After Protocol Labs Ends Funding

cryptonews.ru11 dk önce

Hyperliquid Policy Center Calls on US Regulators to Create a Framework for Perpetual Futures

The Hyperliquid Policy Center, a non-profit promoting DeFi, has called on U.S. regulators (the SEC and CFTC) to create a regulatory framework for perpetual futures. They argue that a contract's underlying asset should determine its jurisdiction, not alter its economic nature. Specifically, for stock-based derivatives, they propose classification as traditional futures under joint CFTC/SEC oversight, rather than as security-based swaps (SBS). Key reasons include the contracts' standardization, fungibility, public pricing, and the fact that they don't confer ownership of the underlying asset. The Center urges the agencies to issue joint guidance, avoid a rigid single classification test, apply a consistent approach across different assets (like Bitcoin and stocks), and modernize rules for security futures. This push faces opposition from traditional exchanges like CME Group and ICE, which argue for stricter regulation of platforms like Hyperliquid and have even sued the CFTC over the classification of perpetual contracts, advocating for their designation as swaps.

cryptonews.ru13 dk önce

Hyperliquid Policy Center Calls on US Regulators to Create a Framework for Perpetual Futures

cryptonews.ru13 dk önce

India plans to issue first tokenized bonds using wholesale CBDC — Reuters

India is planning to launch its first tokenized corporate bonds in September as a pilot project, with settlements using the country's blockchain-based wholesale central bank digital currency (CBDC). State-controlled infrastructure finance company REC Limited plans to issue bonds worth less than 5 billion rupees ($57 million), as reported by Reuters. Initially, only a limited group of investors will participate in the pilot, which may be unveiled at a fintech event in Mumbai. Investors will use two digital wallets: one for the wholesale CBDC provided by a bank and a new DEMAT 2.0 securities wallet that will record bond ownership on a distributed ledger. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are jointly developing the initiative. The bonds will have a three-month initial lock-in period, and exchanges are expected to establish a secondary market by December.

cryptonews.ru13 dk önce

India plans to issue first tokenized bonds using wholesale CBDC — Reuters

cryptonews.ru13 dk önce

İşlemler

Spot