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

Solana Company (HSDT) has announced its voting positions for the first Solana governance cycle opening August 22, 2026. The Nasdaq-listed firm supports SGP-0001, the Solana Constitution, to establish transparent, stake-weighted voting. However, it opposes SGP-0002, which would accelerate SOL disinflation, and SGP-0003, which introduces variable resource fees. Chairman and CEO Joseph Chee emphasized that institutions require predictable economic structures to forecast revenue and costs, arguing that changing stable parameters now risks delaying institutional adoption.

Solana governance voting positions

• ▪Solana Company announced on August 21, 2026, that it will vote in favor of SGP-0001 while voting against SGP-0002 and SGP-0003 in the upcoming Solana governance cycle.
• ▪On-chain voting for the first three Solana Governance Proposals is scheduled to open on August 22, 2026.
• ▪Solana Company, which trades on Nasdaq under the ticker HSDT, operates institutional validator infrastructure across the Asia-Pacific region.

Solana Constitution proposal support

• ▪Under the proposed Solana Constitution, underlying token holders retain the power to override voting decisions made by their validator operators.
• ▪Solana Company supports SGP-0001, the Solana Constitution, because it establishes a transparent, stake-weighted voting framework for staking participants.

SOL inflation schedule opposition

• ▪Solana Company reported that staking generated $2.512 million of its $2.526 million total revenue in the second quarter of 2026.
• ▪Solana Company plans to vote against SGP-0002, which proposes doubling the annual disinflation rate from 15% to 30% to accelerate the disinflation schedule.
• ▪The SGP-0002 proposal is estimated to reduce projected SOL emissions by approximately 18.9 million tokens over a six-year period.

Transaction fee model opposition

• ▪Solana Company opposes SGP-0003, which seeks to replace Solana's flat transaction pricing with a variable resource-based fee model.
• ▪Solana Company stated it would consider supporting a revised transaction fee proposal that maintains a predictable minimum fee floor.

Institutional adoption concerns

• ▪Solana Company Chairman and CEO Joseph Chee stated that institutional adoption is a critical driver of Solana's growth and requires consistent, predictable structures.
• ▪Solana Company argues that changing stable economic parameters during the first live governance cycle introduces cost and revenue uncertainty for institutions.