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Aug 21, 2026

Solana Company backs constitution proposal but rejects inflation and fee governance plans

Solana Company announced its voting positions ahead of the Aug. 22 Solana governance vote, supporting the proposed constitution while opposing economic plans that would reduce token issuance by 18.9 million SOL and implement variable resource fees. The company's stock surged 12% on the news.

Aug 21, 2026·3 sources
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Top claims

  • ▪Solana Company Chairman and CEO Joseph Chee stated that institutional adoption is a critical driver of Solana's growth and requires consistent, predictable structures.
  • ▪Under the proposed Solana Constitution, underlying token holders retain the power to override voting decisions made by their validator operators.
  • ▪Solana Company opposes SGP-0003, which seeks to replace Solana's flat transaction pricing with a variable resource-based fee model.

Topics

Blockchain governanceTokenomicsDAO governanceSolana