Solana’s first onchain governance process has cleared quorum across three proposals, but its two SOL supply measures face sharply different levels of support. SGP-0002 remains narrowly above the required two-thirds threshold, while SGP-0003 still lacks enough backing. Voting remained open Friday during the final epoch.
Solana Governance Proposal SGP-0001 sets the rules for major network votes. These rules cover voter eligibility, vote weighting and the support each proposal needs to succeed. The constitution has 95.35% support, while only 0.22% of participating stake opposes it. All three governance proposals have already crossed the required participation threshold.
Each proposal needs one-third of network stake to participate. It also requires support from two-thirds of participating stake. Abstentions count toward quorum but do not increase approval support. Solana votes run for three epochs instead of ending at a fixed clock time. Epoch length depends on network block production, which caused voting to remain open into Friday.
SGP-0002 has 68.77% support with 47.72% participation, placing it only slightly above the two-thirds approval requirement. The measure targets the future creation of new SOL. The proposal would increase the annual reduction rate for new SOL issuance from 15% to 30%. As a result, issuance would reach its 1.5% minimum around 2029 instead of 2032.
That faster schedule would result in roughly 18.9 million fewer SOL entering supply over six years. Solana currently creates new SOL as rewards for operators securing the network. Can SGP-0002 keep its narrow lead above the approval threshold until voting ends?
Solana Company, the Nasdaq-listed SOL treasury firm trading as HSDT, opposed SGP-0002 and SGP-0003 on Aug. 21. It supported the constitution and cited institutions’ need for predictable economic rules.
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SGP-0003 would change transaction fees by charging transactions according to their computing requirements. The network would then destroy that portion of each fee instead of retaining it. The change could raise daily SOL burns from roughly 650 tokens to between 7,500 and 9,000 SOL. At this week’s prices, the upper estimate equals about $800,000 per day.
Even a 9,000 SOL daily burn would remain far below the roughly 60,000 new SOL that Solana currently creates each day. SGP-0003 has 62.72% support, while 16.52% opposes it and 20.75% abstains. Participation stands at 42.51%, putting the proposal below the required two-thirds approval level.
Its abstention rate also exceeds those of the other votes. Since abstentions count toward participation but not approval, they raise the amount of supporting stake needed. None of the three proposals changes Solana by itself. Approval only provides a mandate to proceed, while developers must still write and implement the detailed technical changes separately.
All three Solana governance proposals have cleared quorum, but their support levels differ sharply. SGP-0001 has broad backing, while SGP-0002 remains narrowly above approval. SGP-0003 still falls short despite proposing much larger SOL burns. Final outcomes depend on the remaining voting period.