Solana's First Governance Votes: Issuance Changes Passed, Fee-Burning Plan Fell Short

Solana finished its first network-wide on-chain governance votes in late August 2026, with three proposals sharing the same voting window and three different outcomes.

The Solana Constitution passed. A plan to double the rate at which new SOL issuance declines also passed. A plan to split transaction fees into a leader inclusion fee and a burned resource fee met quorum but did not reach the two-thirds For share required by the Constitution. The on-chain pages still label all three votes Finalized. The proposal repository later marked the first two Accepted and the fee plan Rejected. None of these pages show the fee plan as activated.

Why this matters

These were the first votes under Solana's new on-chain governance system, called svmgov. They show how the network now records a stake-weighted signal on large economic and process questions, and how a proposal can be counted, labeled Finalized, and still fall short of the approval rule.

The results also separate a passed direction from a live protocol change. SGP-0002 still depends on a technical proposal, SIMD-0550, moving through the usual feature-gate process. SGP-0003 said a yes vote would have been a mandate to pursue a fee model, not an immediate switch.

Who voted, when, and how

Stake-weighted voting means voting power follows staked SOL. The Constitution says each staked SOL token carries proportional voting power. Validators can cast that stake. Stakers can override their validator. The ballot options are For, Against, and Abstain.

Two thresholds decide the result, according to Constitution Article IV and the governance repository README:

• Quorum: one-third of network stake must participate. Participating stake is For plus Against plus Abstain.
• Supermajority: For must be at least two-thirds of that same total. Abstain counts in the denominator and toward quorum. It does not count as a For vote.

The official proposal list shows the voting period as epochs 1021 through 1023. Individual proposal pages show vote dates in late August 2026 and a total SOL figure of 433.49 million. That figure is the total shown on those pages. It is not independently verified here as circulating supply.

Confirmed vote results

Percentages below are the official For, Against, and Abstain shares published on each proposal page. They use the participating-stake denominator described above.

A GitHub commit dated August 28, 2026, updated repository status to Accepted for SGP-0001 and SGP-0002, and Rejected for SGP-0003. The README says a vote that meets quorum but misses the supermajority is Rejected. The Constitution lists Activated as a later state, after an accepted change is live on Mainnet.

What each proposal would have done

SGP-0001, The Solana Constitution. A yes vote ratified the Constitution as the canonical document for network-level decision-making and treated the already deployed svmgov program as the on-chain voting machinery. The proposal said no new code was required to action it.

SGP-0002, Double Disinflation. A yes vote endorsed raising the annual disinflation rate from 15% to 30%. Disinflation, in this setting, is the pace at which the inflation rate declines each year toward a terminal rate. The proposal keeps the terminal rate at 1.5% and says the schedule remains deterministic. Implementation depends on SIMD-0550 being accepted and activated through the normal feature-gate process. SIMD-0550's document metadata still lists status as Review.

SGP-0002 and SIMD-0550 project that the steeper taper would reach the 1.5% terminal rate in about 2.8 years instead of about 5.7 years, and would reduce emissions by approximately 18.9 million SOL over the next six years, about 2.6% lower than the current schedule. The Solana Foundation's August 2026 roundup repeats the 18.9 million figure as the proposal's projection. That is an official projection of future issuance, not SOL already removed from supply, and not a market outcome.

SGP-0003, Resource and Inclusion Fee. A yes vote would have endorsed replacing today's flat per-signature base fee with a 2,500-lamport base inclusion fee paid entirely to the block leader, plus a separate resource fee that scales with requested transaction cost and is fully burned. The proposal text says a yes was a mandate to pursue that model through SIMD-0553. It does not itself activate a feature gate.

Context and timeline

SGP-0001 described itself as the first Solana Governance Proposal. Voting on all three proposals ran through epochs 1021 to 1023, with validator vote timestamps on the official pages falling between August 24 and August 28, 2026. The repository status update followed on August 28. The Foundation roundup published September 4 summarized the Constitution and Double Disinflation results and restated the issuance projection.

What remains unknown or disputed

SGP-0003's own Vote section said approval required two-thirds of For plus Against only, with Abstain not counted, and said there is no quorum. The Constitution ratified in SGP-0001, and the repository README, use For plus Against plus Abstain as the denominator and require one-third quorum. Under that Constitution rule, 53.90% For is below two-thirds. This article reports the conflict. It does not treat SGP-0003's own vote paragraph as overriding the Constitution. The repository later marked SGP-0003 Rejected. The on-chain page still says Finalized.

Also unknown:

• When, or whether, SIMD-0550 activates on Mainnet, and therefore when SGP-0002's issuance change would take effect.
• Whether a revised fee proposal returns.
• How future proposal pages will distinguish Finalized, Accepted, Rejected, Implemented, and Activated.
• The full calculation behind the 18.9 million SOL projection. SGP-0002 points to a forum post for a more detailed breakdown. That calculation is not reconstructed here.

What to watch next

Watch SIMD-0550's feature-gate status. Watch whether governance.solana.com adds Accepted, Rejected, Implemented, or Activated labels, or continues to show Finalized after the count. Watch whether a new SGP restates a fee-burning model with the Constitution's denominator stated clearly.

Sources and disclosures

• Solana governance proposal list
• SGP-0001 on-chain proposal page
• SGP-0002 on-chain proposal page
• SGP-0003 on-chain proposal page
• SGP-0001, The Solana Constitution (frozen text)
• SGP-0002, Double Disinflation Rate
• SGP-0003, Resource and Inclusion Fee
• Solana Governance Proposals README
• SIMD-0550, Double Disinflation Rate
• Solana Foundation, Ecosystem Roundup: August 2026

The facts in this story come from the linked official records. Other news coverage is not the evidence for these claims. This article is not financial advice and does not recommend buying, selling, or holding any asset. The featured image is a generated conceptual illustration, not a photograph of a real event.