The Solana community has approved the SIMD-0096 proposal on May 27, which reallocates 100% of transaction priority fees to network validators. This marks a significant shift from the previous distribution model that split fees equally between burning and rewarding validators. The proposal received strong support, with 77% of votes in favor and 51.17% stake participation. Proponents argue that this change will enhance the efficiency of transaction fees, while opponents warn it could lead to inflation of the SOL token.
The @solana Improvement Document (SIMD)-0096 proposal (aims to improve how transaction priority fees are distributed) received strong support, with 77.77% of votes in favor and 51.17% stake participation. Let's understand how this proposal is designed to better align validator… https://t.co/IwVPN4bKPL
#Solana Passes Proposal to Assign 100% of Priority Fees to Validators #SOL https://t.co/tyQL1JLIqu
🔥 @solana's community voted to abandon its token-burning mechanism and divert 100% of priority fees to validators. The proposal's supporters say it will improve the efficiency of transaction fees, but opponents warn SOL will suffer inflation 👀 https://t.co/ChFionzceU
Solana validators voted to stop burning half the priority fee and will now keep 100% of it. But one validator told Decrypt the proposal only fixes half the problem and others say this could make SOL inflationary. Read more: https://t.co/ToOTubzhIT
Solana Validators Approve SIMD-0096, Allocating 100% of Priority Fees https://t.co/Og2U7TYl1x
Why One Solana Validator Voted Against Increasing Priority Fees ► https://t.co/i0J19qReQd https://t.co/i0J19qReQd
SOLANA COMMUNITY VOTES TO GIVE VALIDATORS 100% OF PRIORITY FEES The Solana community voted on May 27 to allocate 100% of priority fees to network validators, passing by a 77% margin. Previously, priority fees were split between rewarding validators and the network's… https://t.co/rPdPBrRYKx
A MASSIVE WIN FOR SOLANA VALIDATORS… BUT THERE’S A CATCH - @Solana network validators will likely be celebrating, due to the approval of the SIMD-0096 governance proposal. - The proposal itself causes 100% of priority network fees to $SOL’s validator set, and it passed with… https://t.co/7JcGzZiPMm https://t.co/XSqajhbXYH
UPDATE: #SOLANA GOVERNANCE PROPOSAL GRANTS VALIDATORS 100% OF PRIORITY FEES; VALIDATORS TO GET MORE $SOL TOKENS
ICYMI: Solana validators approve 100% allocation of priority fees, ending 50/50 burn split Read the full article 👇 https://t.co/ajBUNuaZWc https://t.co/6mqDR98fb5
Over 77% of Solana governance participants voted in favor of giving validators the full priority fee amount per transaction. By @shauryamalwa https://t.co/yKFZsp2a3g
— Solana validators voted in favor of the Solana Improvement Documents (SIMD)-0096 proposal, which suggests a change in the distribution of transaction priority fees to validators. — Validators will receive all transaction priority fees from the blocks they produce, contrasting… https://t.co/YtLrmk8bI8
— Solana validators voted in favor of the Solana Improvement Documents (SIMD)-0096 proposal, which suggests a change in the distribution of transaction priority fees to validators. — Under the new proposal, validators will receive all transaction priority fees from the blocks… https://t.co/7PqlHi0d6Q
Solana validators to receive full priority fees as SIMD-0096 proposal gains approval https://t.co/GbinxBwchJ
🚨 JUST IN: @Solana Vote Proposal, known as SIMD-0096, passed with 77% approval. Validators voted for 100% allocation of priority fees, ending 50/50 burn split. https://t.co/UV9qCeKZzz
🚨 JUST IN: @Solana vote proposal, known as SIMD-0096, passed with 77% approval. Validators voted for 100% allocation of priority fees, ending 50/50 burn split. https://t.co/HMWaUuukxO
Solana Community Votes to Allocate 100% Priority Fees to Validators with 77% in Favor https://t.co/r6DmV2e1R6
Solana validators approve 100% allocation of priority fees, ending 50/50 burn split https://t.co/R1Oh9z3mmI
[COINTELEGRAPH] #Solana community votes for giving validators all priority fees $SOL
NEWS: @solana Proposal to Allocate 100% of Priority Fees to Validators Passes: Here's What You Need to Know https://t.co/XLOXHx54SD
BREAKING: Voting has concluded for the @solana proposal to allocate 100% of priority fees to validators, with 77% of votes in favor, moving away from the previous 50/50 split between burning and rewarding. This change is now set to take effect. https://t.co/hTMKdA0p1p
REPORT: The @solana community is voting on whether to allocate 100% of priority fees to validators, moving away from the current split of 50% burning and 50% rewarding. Voting ends in two days With 77% voting in favor, the proposal is likely to pass. https://t.co/XRr1tDGj3l