Solana stakers get a new way to force the next SOL inflation fight
Solana’s new governance system could give stakers a way to challenge validator power in future votes over SOL inflation, reopening one of the network’s biggest tokenomics debates.Solana just gave delegators a new governance tool called Solana Governance Proposals (SGP), which hands them a lever for the next round of the inflation fight.
The proposing validator’s vote account must have at least 100,000 SOL staked, worth about $7.8 million at $77.97 per token. To advance from proposal to vote, validators representing 15% of Solana’s active stake must support it. Based on 428.1 million SOL in active stake, that threshold is roughly 64.2 million SOL, worth close to $5 billion.
By default, a validator votes with the SOL delegated to its vote account, but a delegator can deviate from that default and vote independently.Take a validator vote account with 1,000 SOL in stake, including 800 SOL delegated by a single staker. If that delegator submits an independent vote, the 800 SOL moves out of the validator’s tally and into whatever the delegator chose: For, Against, or Abstain, leaving the validator with just 200 SOL of effective weight.
Multiply that across custodians, stake pools, and exchanges holding SOL on behalf of thousands of depositors, and a validator's assumed voting bloc can end up far smaller than its delegated total.
A proposal passes only if ‘For' votes represent at least two-thirds of the stake that votes either ‘For' or ‘Against.' Abstentions are excluded from that calculation, and there is no separate quorum requirement.
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