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Following
SOL Solana governance vote launches, three key reform proposals are under review
The Solana governance vote has now been officially launched and involves three proposals covering constitutional rules, token issuance, transaction fees, and the network's future operating framework. The validator will vote on these proposed changes.
Three proposals enter active voting stage
It is reported that voting has now begun. The proposal involves governance rules, accelerating deflation and transaction cost restructuring. Voting will continue until the end of the 1023rd epoch.
Solana's official developer account also confirmed that these three proposals have been activated. SGP-0001 covers Solana's Constitution and future governance procedures. SGP-0002 and SGP-0003 focus on money and transaction economic mechanisms.
SGP-0001 is intended to establish a formal framework for Solana's governance process. The framework will guide how future network changes are proposed and set rules for protocol decisions through governance.
The voting deadline is Thursday at 15:30 UTC. Verifiers can participate during the specified voting period. The final result will depend on the validator's voting and participation rate.
Deflation acceleration proposal targets future SOL release
SGP-0002 proposes to increase Solana's deflation rate from 15% to 30%. This change will accelerate the reduction of SOL issuance and directly affect the network's monetary policy.
A faster deflation process will change the speed at which the new SOL enters circulation, and is also related to the economics of online pledges. Verifiers and principals may face different release conditions in future stages.
As of writing, based on the latest market data, SOL was trading at approximately $94.65. The token has risen approximately 25.7% in the past seven days and has a current market value of nearly US$55.2 billion.
The proposal does not replace Solana's broader monetary framework, but rather adjusts the speed at which the deflation process progresses. Verifiers need to weigh the relationship between proposed release changes and the existing network economy.
Fee reform links online activity to token supply
SGP-0003 proposes splitting transaction fees into two separate components. One part includes fees as the basis for processing transactions, and the other part represents the amount of resources used in the network.
Under the proposal, resource costs would be completely eliminated, establishing a direct link between network activity and SOL supply. High resource consumption may result in higher cost destruction during periods of high demand.
This structure also separates verifier compensation from destruction mechanisms. Verifiers will receive a fee component that is included, while resource fees will affect supply through permanent token removal.
Taken together, these three proposals cover the governance, issuance and trading economies. SGP-0001 deals with decision-making rules for future network development, while SGP-0002 and SGP-0003 focus on how the Solana economic system may evolve.
Therefore, the current vote is not just a single protocol adjustment, but a simultaneous submission of multiple core network policies to the Solana Verifier community. The results will determine whether these proposed changes can be advanced under the governance process.
