BIT:SOLChemicals
Why SOL (BIT:SOL) Is Up 5.7% After Launching On-Chain Governance With Staker Sovereignty
Solana recently activated a formal on-chain governance system, allowing validators with at least 100,000 SOL staked to propose Solana Governance Proposals that require 15% stake support and a two-thirds supermajority to pass.
A key innovation is "staker sovereignty," which lets delegators override their validator’s vote with their own stake-weighted choices, reshaping how power is distributed across the network.
We’ll now examine how this new on-chain governance, particularly the...