Solana validators and delegators started voting on Aug. 23 on three governance proposals that would shape how the network makes decisions, how quickly SOL inflation declines, and how transaction fees could be reworked.
The stake-weighted signaling votes will stay open until the end of epoch 1023, which developers currently expect around Thursday at approximately 15:30 UTC, though epoch timing on-chain can move. Passing any proposal would signal approval to proceed, but the inflation and fee changes would still need technical implementation before going live.
Three proposals on the table
The votes cover SGP-0001, SGP-0002 and SGP-0003. Together they ask the network to consider a formal constitution, a faster disinflation schedule for SOL, and a redesigned transaction fee model.
Under the proposed governance rules, participation must reach one-third of total network stake. A proposal also needs support from two-thirds of the participating stake to pass, with abstentions excluded from the approval calculation.
Validators vote with active stake, while delegators usually participate through their validator. Delegators would still be able to override that choice using their own stake account.
Constitution vote would formalize governance
SGP-0001 asks validators and delegators to ratify the Solana Constitution. If approved, the document would become the canonical framework for network-level decisions and would activate Solana’s on-chain governance system, svmgov.
The proposal is meant to define how directional network decisions are made. In Solana’s process, an SGP is not a full technical blueprint. Detailed protocol work is handled separately through Solana Improvement Documents, or SIMDs, which developers later review and implement.
Inflation proposal would speed the path to the existing floor
SGP-0002 seeks support for doubling Solana’s annual disinflation rate from 15% to 30%. The proposal would not instantly cut the current inflation rate in half. Instead, it would make the rate fall faster until it reaches the existing terminal floor of 1.5%.
According to the related SIMD-0550, that change would reduce the estimated time needed to reach the terminal rate from about 5.7 years to 2.8 years. The document also projects roughly 18.9 million fewer SOL emissions over six years compared with the current schedule.
Those figures are projections, not guaranteed supply outcomes. The eventual result would depend on factors including activation timing and network conditions. The article also notes that the change is consensus-sensitive because validator rewards affect capitalization and bank hashes.
Fee redesign would split payments and burn the resource portion
SGP-0003 would back a new structure for Solana’s base transaction charge. The proposal splits that charge into two parts: an inclusion fee paid to the block leader and a separate resource fee that would be burned entirely by the protocol.
The accompanying SIMD-0553 sets the proposed inclusion fee at a fixed 2,500 lamports per transaction. The resource fee would vary based on the computational resources each transaction asks the network to provide.
Supporters say that model would make heavier users of network capacity pay more directly, while also increasing the amount of SOL removed from circulation because the resource component would not be distributed to validators.
What a successful vote would and would not do
These are signaling votes rather than immediate protocol switches. If quorum and approval thresholds are met, the result becomes a network mandate to continue with the approved direction.
For SGP-0001, that would mean ratifying the governance framework. For SGP-0002 and SGP-0003, it would authorize further work on the related technical specifications, including implementation, testing and later feature activation before any live network change takes effect.
Until epoch 1023 ends, validators and delegators can still vote for, against or abstain, with voting power based on the active stake recorded in the governance snapshot.
Source: crypto.news