[Digital Today reporter Chi-gyu Hwang (황치규)] The Solana Foundation introduced a new governance framework, Solana Governance Proposals (SGP), that allows validators and delegators to make protocol-level decisions on-chain.

Cointelegraph reported on July 2 local time that validators with at least 100,000 SOL delegated can submit new governance proposals.

Under SGP, validators exercise voting rights based on the amount of SOL delegated to them. To be put to a formal on-chain vote, a proposal must first win support from validators representing at least 15 percent of actively staked Solana tokens.

The Solana Foundation defined SGP as a mechanism for recording community direction rather than a method of technical implementation. It decided to handle relatively small protocol technical upgrades separately through Solana Improvement Documents (SIMD).

It also expanded delegator authority. SOL holders can participate in governance by delegating stake to validators, and if they disagree with a validator's vote, they can cast a direct ballot for that proposal.

SGP focuses on handling major protocol decisions more transparently and reducing reliance on centralised coordination. Cointelegraph said similar stake-weighted governance systems operate in Polkadot, Cosmos, Cardano, Tezos and Avalanche.

The Solana Foundation in April also unveiled a security audit framework and an incident response network for Solana-based protocols with Web3 security firm Asymmetric Research.