Solana communities have already voted on three major governance proposals. This is also the first centralized test of the new version of the Solana Government Production system. The results show that two proposals were approved and one was approved or not, of which the SGP-0002 of greatest concern was reached with a very small advantage.

SGP-0002 threshold crossed

The proposal, known as “double deinflation”, was supported by 67.0 per cent, just above the 66.67 per cent threshold for adoption. According to the proposal, the annual deinflation rate for Solana will increase from 15% to 30%, thus bringing it closer to the end inflation rate of 1.5%.

According to the text, Solana would have reached that target in about 2032. After the proposal is adopted, the point of time will be advanced to about 2029. Approximately 18.9 million SOLs are expected to be issued less in the next six years, estimated at approximately $1.47 billion in paper prices.

  • Participation in voting in approximately 263 million SOL
  • In favour: 176.29 million SOL
  • Number of negatives: 6619 000 SOL

In the last hour, about 157.7 million SOLs moved from opposition or abstention to support, eventually allowing the proposal to cross the threshold. The Chief Executive Officer of Helius Mert Muttaz stated that he had made over 500 calls for support in the last few hours and that Kraken had influenced the outcome by changing his vote towards the deadline.

The certifier disagrees with the pledge.

This close to the results of the saw-sawing exercise reflects a divergence of interests between the Solana group of certifyers, SOL holders and other ecological players. Proponents believe that a reduction in the issuance of new currency would help to reduce the number of new SOLs in circulation and could ease the push over the long term.

But inflation distribution is also an important source of pledge incentives. As the network moves closer to the end inflation rate, the amount of SOL incentives received by the certifying and client from inflation will decrease. A negative vote was cast by Figment, a certifier who controlled more than 17 million SOL votes, and some certifiers were concerned that the decline in incentives would not necessarily be offset by higher currency prices.

The new version of the governance system allows a hostage holder to directly cover the vote choices of the certifying officer. Approximately 11.2 million SOLs, representing 4.25 per cent of the amount pledged for participation in voting, are dropped directly by the wallet rather than entirely following the certificationer ' s position. This mechanism has played a practical role in this ballot.

One adopted no

SGP-0001 or “Solana Charter” received 85.97 per cent of the support rate, which passed relatively smoothly. The proposal formally establishes a governance framework for subsequent SGP voting. The Technical Vice-President of the Solana Foundation, Jacob Creech, stated that over 61 per cent of the pledged votes in the entire governance process had created a new level of participation in the Solana chain.

By contrast, SGP-0003 failed. The support rate for the proposal was 53.9 per cent, clearly below the threshold of 66.67 per cent. It had planned to introduce resource-type costs linked to transaction complexity and calculation of consumption and to destroy them directly rather than to allocate them to the certifying officer.

Proponents argue that most of the current economic value of Solana remains at the application level, where income is underrepresented. The paper quotes Austin Federa, co-founder of Double Zero, that approximately 93 per cent of Solana ' s broader fee economy remains in the application level and only about 7 per cent goes to the network level.

Opponents are, however, concerned that such cost designs increase the cost of high-resource-consumption applications and weaken developers ' willingness to deploy products along complex chains. After the vote, the co-founder of Solana, Anatoly Yakovenko, proposed that in the future different targets of SGP-0003 could be removed from the table instead of being placed in the same proposal.

300 millisecond upgrades landed.

In addition to the governance vote, Solana has recently advanced another critical upgrade. Through SIMD-0525, the network target space has been reduced from 400 ms to 300 ms and has been reduced twice in 8 days. In accordance with the proposed path, there will be two subsequent downward revisions, with a target of 200 ms.

This adjustment is intended to reduce network delays and to reduce the time taken for single-out leader-controlled block production. In the case of networks, this would help to increase competitiveness and could also improve fairness between the certificationer and the user.