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).
