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
5 Best Crypto to Buy Now: Pepeto Leads as ETH, SOL, and XRP Surge 8% on Easing War Fears and $700M Floods ETFs
Ether surged 7.5%, Solana added 5.3%, XRP jumped 8%, and Dogecoin popped 7.5% as global equities rebounded and $700 million flooded into US spot bitcoin ETFs since March began, and when the entire market moves this violently higher.
While the Fear and Greed Index still reads extreme fear it m
CaptainAltcoin20m ago
SOL Strategies Shares Soar 21% as February Update Highlights Validator Growth
SOL Strategies Inc. reported significant growth in February 2026, with its shares jumping 20.97% following its business update. The firm expanded its Solana validator network to over 33,500 wallets, generated 1,276 SOL in net revenue, and achieved a peak Annual Percentage Yield of 6.47%.
TheNewsCrypto3h ago
Western Union partners with Crossmint to launch the USD stablecoin USDPT on Solana
Odaily Planet Daily reports that Western Union and Crossmint have partnered to launch the USDPT stablecoin on the Solana blockchain. (Solid Intel)
GateNews7h ago
Solana and XRP prices stabilize, US employment report may trigger a new round of crypto market volatility
Solana and XRP prices are gradually stabilizing after market fluctuations, with traders focusing on the upcoming U.S. employment report. Solana is close to $90.9, and a breakthrough of $95 could push it toward $100; XRP is around $1.42, and increased buying pressure could push it up to $1.50. The movements of both are influenced by employment data, and analysts believe this will be a key catalyst.
GateNews7h ago
