TREE NEWS update: Solana completed its first binding on-chain governance vote on Aug 27-28, passing SGP-0001 (Constitution) and SGP-0002 (double deflation) but rejecting SGP-0003, a fee reform to increase SOL burns. The deflation proposal passed narrowly at 67% support, while the burn proposal failed due to high abstention. The vote marked a shift to stake-weighted voting under the new SGP framework.
Solana’s first binding governance vote passes 2 of 3 proposals, burns proposal fails
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