Solana Community Votes to Allocate 100% Priority Fees to Validators with 77% in Favor

May 27, 2024, 04:10 PM

The Solana community has voted to allocate 100% of priority fees to validators, moving away from the previous 50/50 split between burning and rewarding. With 77% of votes in favor, the proposal is set to take effect. This decision was finalized after the SIMD-0096 voting process concluded at the end of epoch 620 with 51.1% of stake participating and 77.7% of all votes in favor. The required rate to pass was 66.66%, with 140886160475599194 YES votes.