SGP is live, validators can finally vote on-chain, the 100k SOL threshold is not low, but 15% staking support is required to enter formal voting, this threshold design is quite interesting, let’s see who takes the first bite 🦀

CoinWorld News, Wu Says reported that the Solana Foundation announced the official launch of the on-chain governance mechanism Solana Governance Proposals (SGP). Validators can now submit, support, and decide core protocol decisions through SGP, with all proposals conducted on-chain, using a stake-weight-based voting mechanism verified through Merkle proofs. Any validator with at least 100k SOL delegated can initiate an SGP. Unlike Solana Improvement Documents (SIMD), which focus on technical and protocol changes, SGP is primarily used to express ecosystem governance opinions. A proposal must receive support from at least 15% of total staked SOL before entering the formal voting stage.