Solana validators and delegators started voting on Aug. 23 on three governance proposals covering a network constitution, faster SOL disinflation, and a redesigned transaction fee model. Voting stays open until the end of epoch 1023, expected to close around 15:30 UTC on Thursday, Aug. 27.
Solana validators and delegators began voting on Aug. 23 on three separate governance proposals: SGP-0001, SGP-0002 and SGP-0003. The vote tests support for a formal constitution, a faster disinflation schedule and an overhauled fee structure at the same time.
The proposals are stake-weighted signaling votes, so approval sets a mandate to proceed rather than activating the changes immediately. Voting remains open until the end of epoch 1023, which Solana developers expect to conclude at approximately 15:30 UTC on Thursday, Aug. 27, though epoch timing can shift.
Constitution vote would activate on-chain governance
SGP-0001 asks validators and delegators 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. Validators vote with their active stake, and delegators can override their validator's vote using their own stake account.
Under the proposed rules, participation must reach one-third of network stake, with approval requiring support from two-thirds of participating stake, excluding abstentions from that calculation. An SGP marks a directional decision; the detailed protocol changes still need Solana Improvement Documents, or SIMDs, that developers review afterward.
Doubling disinflation could cut issuance faster
SGP-0002 asks the network to support doubling Solana's annual disinflation rate from 15% to 30%, which would speed up how quickly inflation falls toward the existing 1.5% terminal floor rather than cutting current inflation immediately. The associated SIMD-0550 estimates the change would shorten the time to reach the terminal rate from about 5.7 years to 2.8 years, projecting around 18.9 million fewer SOL in emissions over six years compared with the current schedule.
Those figures remain projections, and the actual outcome would depend on the activation date and network conditions. The vote follows an earlier debate over Solana's security budget: an 80% inflation reduction proposal failed in March 2025 despite support from 61.39% of participating stake.
Fee overhaul would expand burns
SGP-0003 asks voters to endorse splitting Solana's base transaction charge into an inclusion fee and a resource fee. The accompanying SIMD-0553 proposes a fixed inclusion fee of 2,500 lamports per transaction paid to the block leader, while the resource fee would vary with the computational resources a transaction requests and would be burned entirely rather than distributed to validators.
A successful vote would only authorize developers to pursue the model, not change fees immediately. Detailed implementation, testing and activation would still follow through the SIMD process.
SOL trades higher during the vote
SOL traded near $94.27 on Aug. 24, up about 1.8% over 24 hours and around 25% over seven days, with the broader cryptocurrency rally contributing to the weekly move. Available market data does not establish that the governance vote caused the increase.
Each proposal stands or falls on its own vote count, so validators could ratify the constitution while rejecting the disinflation or fee changes.
Source: crypto.news
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