The Solana Foundation just dropped a formal governance framework. It’s called Solana Governance Proposals, or SGPs for short.
Here’s the gist: validators with at least 100,000 delegated SOL can submit proposals for protocol-level changes. Votes happen onchain, weighted by stake. Hit 15% support from actively staked SOL, and it qualifies for a formal vote.
This isn’t about nitty-gritty technical specs — that’s what Solana Improvement Documents (SIMDs) handle. SGPs are meant to capture community sentiment. What direction should Solana head? That’s the kind of question SGPs answer.
There’s a neat override mechanism too. If you’re a delegator and your validator votes against your wishes, you can override them and cast your own vote. Keeps validators honest.
The Foundation says SIMDs stay focused on protocol changes. SGPs are signals from the ecosystem. Clean separation.
It puts Solana alongside Polkadot, Cosmos, Cardano, Tezos, and Avalanche — all chains with stake-weighted governance. Nothing new under the sun, but it formalizes something Solana was missing.
On the security front, Solana also launched STRIDE back in April — a structured security evaluation and incident-response program in partnership with Asymmetric Research. So they’re shoring up the foundation on multiple fronts.
Solana sits at $4.92 billion in TVL, second only to Ethereum. It pulled in over $587,000 in fees in the last 24 hours. Not bad.
