Search results for SGP
Crypto
Solana holds $75, but death cross raises risk of fall to $40
Solana is narrowly holding above its 50-day moving average around $75, but markets are placing more weight on the risk of further declines than an immediate rebound. Decrypt reported Solana traded down 1.22 percent at $75.06, while Myriad priced a 69 percent chance of a drop to $40 and a 31 percent chance of a rise to $160. A daily-chart death cross has formed, and indicators remain largely neutral.
Crypto
Solana pushes plan to burn up to 9,000 SOL a day as vote nears
Solana validators have moved a governance proposal to raise daily SOL burns and slow new issuance to the stage just before a formal vote. The proposal would combine two changes, including a resource-based fee system to expand burns and a faster disinflation schedule that would bring forward the date Solana reaches its 1.5 percent inflation floor. Backing stood at about 63 million SOL as of Aug. 5.
Crypto
Solana Foundation launches protocol-level governance framework
The Solana Foundation introduced a new governance framework, Solana Governance Proposals (SGP), to let validators and delegators make protocol-level decisions on-chain. Validators with at least 100,000 SOL delegated can submit proposals. Voting power is based on delegated SOL, and proposals need backing from validators representing at least 15 percent of active staked tokens to proceed to formal voting. The foundation also broadened delegator rights and separated smaller upgrades into Solana Improvement Documents (SIMD).