Solana has passed a proposal known as SIMD-0096, allowing 100% of priority fees to be allocated to network validators. This decision marks a departure from the previous model, where fees were split 50/50 between being burned and rewarding validators.
Solana Approves 100% Priority Fee Allocation
The latest voting has ended with the result of 77% of votes for the proposal, which shows the support from the side of validators. This change is intended to increase the rewards for validators, which are the nodes responsible for the network’s reliability and performance.
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. pic.twitter.com/hTMKdA0p1p
— SolanaFloor (@SolanaFloor) May 27, 2024
In a statement made by Solana Labs Co-Founder, Anatoly Yakovenko, this update could enable stake pools with pr
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