Solana validators and delegators began voting on three network governance proposals on Aug. 23, covering a proposed constitution, faster SOL disinflation and a redesigned transaction fee structure in what marks the network's most significant governance moment to date.
Three Proposals on the Ballot
SGP-0001 asks validators to ratify the Solana Constitution, which would become the canonical framework for network-level decisions and activate Solana's on-chain governance system known as svmgov. Under the proposed rules, participation must reach one-third of network stake, with approval requiring support from two-thirds of participating stake.
SGP-0002 would double Solana's annual disinflation rate from 15% to 30%, accelerating how quickly inflation falls toward the existing 1.5% terminal floor. The associated SIMD-0550 estimates the change would shorten the time to reach the terminal rate from approximately 5.7 years to 2.8 years, projecting around 18.9 million fewer SOL in emissions over six years.
SGP-0003 proposes splitting Solana's base transaction charge into an inclusion fee and a resource fee. The inclusion fee would go to the block leader, while the resource portion would be burned completely, removing SOL from circulation rather than distributing it to validators.
How the Voting Works
Voting on all three proposals remains open through epoch 1023, currently expected to end Thursday at approximately 15:30 UTC, although blockchain epoch timing can shift. The proposals are stake-weighted signaling votes, meaning approval would establish a mandate to proceed, but the inflation and fee changes would still require technical implementation before becoming active.
Validators vote using their active stake, while delegators can normally vote through their validator but retain the right to override that decision using their own stake account. An SGP represents a directional decision rather than a complete technical specification, with Solana Improvement Documents providing the detailed protocol changes that developers review and implement afterward.
Context From Previous Votes
The vote follows an earlier debate over Solana's security budget. An 80% inflation reduction proposal failed to secure sufficient approval in March 2025 despite receiving support from 61.39% of participating stake. The current SGP-0002 proposal takes a more moderate approach by doubling the disinflation rate rather than cutting inflation dramatically.
The fee reform proposal has drawn particular attention because it would introduce the first systematic burning of SOL based on transaction resource usage. Supporters argue that resource-based pricing would make transactions requesting more network capacity pay more, creating a more equitable fee structure.
Market Impact
SOL traded near $94.27 on Aug. 24, up approximately 1.8% over 24 hours and about 25% over seven days. The broader cryptocurrency rally contributed to the weekly move, and available market data does not establish that governance voting caused the increase. Final vote totals will determine whether Solana proceeds with all three proposals, accepts only part of the package, or leaves the existing inflation and fee structures unchanged.
