Solana2026-08-28 15:34:08Solana’s first on-chain governance vote ends with SGP-0003 rejected after fee model disputeSolana’s first formal on-chain governance vote has closed, sending SGP-0001 and SGP-0002 into implementation while rejecting the more contentious SGP-0003 proposal. The three proposals, which opened for voting on Aug. 23, covered a formal governance framework, changes to SOL’s inflation schedule, and a redesign of transaction fees. SGP-0001 and SGP-0002 cleared the required thresholds of one-third participation from all valid staked SOL and a two-thirds approval ratio among votes cast. SGP-0003, which would have overhauled how the network prices blockspace, received 54.3% support, below the 66.6% bar. The split exposed competing priorities inside the Solana ecosystem. Supporters said charging more for resource-heavy transactions would better align costs with network usage and could sharply increase SOL burned through fees. Critics, including application developers, argued the proposal would raise costs for complex on-chain activity and make core business assumptions subject to governance risk. The vote leaves Solana with a new governance process and a faster path to lower inflation, but without consensus on how its growing financial infrastructure should price network resources.510
Solana2026-08-25 06:12:01Solana validators begin voting on SGP-0003, with daily SOL burn potentially rising to 7,500-9,000Solana validators have started voting on governance proposal SGP-0003, a measure that would change part of the network’s fee structure and could sharply raise the amount of SOL burned each day. The vote opened on Aug. 23 and is set to run through Epoch 1023, which is expected to end on Aug. 27. Under the proposal, the current fixed fee model applied to affected resources would be replaced by a variable transaction fee based on resource consumption, and that fee would be burned in full. If approved, estimated daily SOL burn would increase from roughly 650 SOL to a range of 7,500 to 9,000 SOL. The proposal has not taken effect yet, and the report noted that SOL has not become deflationary as a result, with the network’s supply dynamics unchanged for now. Techub News reported the update, citing Bitcoinist.1020
Solana2026-08-24 02:08:10Solana validator governance proposals SGP-0001 to SGP-0003 open for votingSolana Developers said voting has opened on three validator governance proposals: SGP-0001, SGP-0002, and SGP-0003. The voting period will remain open until the end of epoch 1023. According to the post, SGP-0001 would adopt a Solana Constitution and activate an on-chain governance mechanism. SGP-0002 proposes raising the deflation rate from the current -15% to -30%. SGP-0003 would overhaul the base transaction fee structure by splitting it into a fixed base inclusion fee paid to block producers and a separate resource fee, calculated based on transaction cost, that would be 100% burned. The update was shared by Solana Developers on X.1130
Solana2026-08-05 09:21:20Solana Governance Proposal SGP-0003 Passes 15% Threshold, Enters Discussion PhaseSolana's governance proposal SGP-0003 has cleared the required 15% support threshold and officially advanced to the discussion phase, setting the stage for a formal governance vote. Techub News reported, citing Cointelegraph, that the proposal reached the necessary support level and has now entered the community discussion phase. This milestone is a key step in Solana's on-chain governance process. During the discussion phase, community members will deliberate on the proposal before the formal vote takes place. That vote will ultimately determine whether SGP-0003 is implemented on-chain. The proposal is now moving through the governance pipeline, with the next stage being the official vote. The final outcome will be decided by the community in the upcoming ballot.780
Solana2026-08-04 05:47:55Solana proposal SGP-0003 enters support stageSolana’s proposal SGP-0003, described as a “resource and inclusion fee” proposal, has entered the support stage, according to SolanaFloor, as cited by ChainCatcher. If the proposal secures support from 15% of active stake, it will move on to a full governance vote. If implemented, the proposal is expected to raise the amount of SOL burned each day from the current 650 SOL, valued at about $51,000, to as much as 9,000 SOL, or about $702,000.1870
