The Solana Foundation said on Wednesday that onchain governance is now live, introducing a proposal and voting process tied to stake-weighted participation.
According to NS3.AI, proposals must first receive support from at least 15% of cluster stake before they can proceed to a vote.
Under the new system, validators with at least 100,000 SOL delegated to them can open Solana Governance Proposals. Delegators are also able to override a validator’s vote, or a validator’s decision not to vote, using their own stake weight.
The governance mechanism uses Merkle proof to verify stake-weighted votes.