Solana launches onchain governance and sets entry fee at 100,000 SOL staked
CoinDesk·
60-second summary
Solana is launching onchain governance, allowing validators and stakers to formally signal the network's direction through Solana Governance Proposals. Validators with 100,000 SOL staked can open proposals, and stakers can override their validator's vote. This system empowers stakeholders to influence Solana's development, potentially increasing decentralization and community involvement, which may positively impact the network's long-term growth and adoption.
Validators and the people who stake with them can now formally signal where the network should go through a new system called Solana Governance Proposals. Any validator with 100,000 SOL behind it can open one, and stakers can overrule how their validator votes.