Foresight News reports that Multicoin Capital Managing Partner Tushar Jain and Jito Governance Lead Nick Almond jointly released the “The Solana Constitution” proposal at the Solana Breakpoint conference, aiming to address the current ambiguity issues in Solana governance. The core of the proposal introduces the “Staker Override,” allowing stakers to overturn the voting decisions of delegated validators on specific proposals, thereby solving the agent problem in representative democracy and granting ultimate sovereignty to stakers. The proposal suggests a dual-track system: systemic changes require full network voting through SGP, while technical specifications under SIMD typically only require peer review. To define “systemic change,” the proposal introduces an upgrade mechanism: if a SIMD is controversial, only 15% of staking weight needs to mark it, and the SIMD will be upgraded to an SGP and forced to undergo full network voting. Additionally, the team plans to launch a new voting app based on Jito NCN technology in Q1 next year. At that time, SGP-1 will be a vote to approve the “Solana Constitution,” while SGP-2 may involve governance changes hinted at by community member Mert.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana staking business expansion drives SOL Strategies stock price up more than 20% in a single day, with nearly 700,000 SOL locked on the STKESOL platform
SOL Strategies Inc. stock price rose over 20% after the February business update, with validator network and staking services continuing to expand and user engagement increasing. The launched STKESOL liquidity staking platform attracted over 1,000 holders, improving capital efficiency. The company's total managed SOL is approximately 3.87 million tokens, maintaining a stable staking network and growing yields. It is expected that with the influx of institutional funds, the business will continue to grow. The company's governance structure will be adjusted on March 31, with Michael Hubbard officially becoming the CEO.
GateNews33m ago
BitMart "BM Discover" Section Launches Pigeon Doctor (PIGEON)
Odaily Planet Daily reports that BitMart's "BM Discover" section went live on March 5th at 11:30 (UTC+8) with Pigeon Doctor (PIGEON), launching the PIGEON/USDT trading pair.
Pigeon Doctor is a Meme project on Solana (DOCTOR PIGEON), currently mainly in
GateNews1h ago
Solana sets a record with $650 billion in stablecoin transactions in February
February saw record activity for stablecoins on the Solana blockchain, with a transaction volume of $650 billion, surpassing previous highs. Analysts from Grayscale noted Solana's strong position in retail stablecoin payments, amidst a shift from speculative trading to practical use cases.
TapChiBitcoin3h ago
Western Union Partners with Crossmint to Launch USDPT Stablecoin on Solana Blockchain
Western Union has entered into a partnership with blockchain infrastructure provider Crossmint to support the issuance and distribution of its USDPT stablecoin on the Solana network, targeting the first half of 2026 for launch.
CryptopulseElite3h ago
Western Union partners with Crossmint to launch, USDPT stablecoin challenges 6% cross-border remittance fees
Western Union will launch the USDPT stablecoin and integrate its wallet and payment API with Crossmint to support fund transfers on the Solana blockchain. This move aims to leverage 360,000 global payout points to improve remittance efficiency, targeting a market demand of $905 billion, and to address the challenges of traditional remittances with low-cost and instant settlement.
MarketWhisper4h ago
U.S. SOL spot ETF's total net inflow for the day is $19,063,700.
According to SoSoValue data, on March 4th, SOL spot ETF had a single-day net inflow of $19,063,700, with only Bitwise Solana Staking ETF(BSOL) contributing. The total net inflow in history reached $35,084,500. Currently, the total assets under management are valued at $900 million, with a cumulative net inflow of $971 million.
GateNews4h ago
