SOL Treasury Proposal: Support Solana Constitution, But Oppose Immediate Adjustments to Inflation and Fees

BlockBeats News, August 21st - The Solana Treasury Department (HSDT) announced its voting stance on the first three Solana Governance Proposals (SGP). The department supports SGP-0001 "Solana Constitution," opposes doubling the inflation reduction rate in SGP-0002, and also opposes changing the transaction fee from a fixed to a floating rate in SGP-0003. The on-chain voting is expected to commence on August 22nd.

The company stated that it supports the Solana Constitution because the new governance system allows every staker to vote directly, and token holders can always override the votes of the operators they delegate to, facilitating institutional participation in network decisions.

Regarding the other two proposals, the company emphasized that it is not against the direction itself but rather against the timing. Now is a critical stage for institutions to consider entering Solana. Institutions value rule stability and predictability the most, and at this moment, changing the inflation rate and transaction fees, two core economic parameters, may make hesitant institutions that are still observing the network more cautious. The company stated that once they see sustained net inflows of funds into SOL, they will support reconsidering the inflation reduction; they are also willing to reconsider the proposal to change the transaction fee to a floating rate after the ecosystem adapts.