Solana launches on-chain governance mechanism, proposals need 15% staking support before voting.

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Golden Finance reported that on July 2, the Solana Foundation officially launched the on-chain governance mechanism Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals are conducted on-chain, adopt a stake-weighted voting mechanism, and are verified via 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 at least 15% of the total staked support across the network before entering the formal voting stage.
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