Solana Company (HSDT) shares surged 12.10% to $2.0850 after the company publicly outlined its positions on three Solana governance proposals. The firm said it will back Solana's proposed constitution but opposes two planned economic changes to the network. On-chain voting for the three Solana Governance Proposals is expected to open on August 22, 2026.

HSDT Backs the Solana Constitution Proposal

Solana Company said it supports SGP-0001, known as the Solana Constitution, ahead of the network's first governance voting cycle. The proposal establishes a formal governance framework that allows staking participants to vote according to their economic stake. Under the framework, underlying token holders can override voting decisions made by staking operators.

The company views the framework as important infrastructure for institutions seeking direct participation in Solana governance. Management believes transparent voting rules could improve confidence among organizations considering staking and validator operations. Solana Company plans to vote in favor of ratifying the proposed constitution.

The company also disclosed its planned vote before polling begins, giving delegators advance information about its governance position. Delegators can still exercise their voting rights independently under the proposed system. HSDT continues to operate institutional Solana validator infrastructure across the Asia-Pacific region. Under the stake-weighted rules, the outcome of each proposal will rest with the aggregate stake that participates, making pre-vote disclosures such as HSDT's one input into a network-wide decision.

Solana Company Rejects Faster Disinflation Plan

Solana Company plans to vote against SGP-0002, a proposal that would accelerate the network's existing disinflation schedule. The company said its disagreement concerns timing rather than the long-term goal of reducing SOL issuance. Solana currently has a fixed terminal inflation rate of 1.5% under its existing schedule. Under that schedule, annual SOL issuance began at 8% and steps down by 15% each year until reaching the 1.5% terminal rate — the glide path SGP-0002 would accelerate.

Management argued that institutions value predictable economic rules when building multi-year financial models around staking operations. Staking rewards can also represent operating income for companies holding SOL through structured treasury strategies, the company noted. Consequently, changing the issuance schedule could introduce uncertainty at a moment when institutional adoption remains an important priority for the network.

Solana Company said it could reconsider faster disinflation after Solana records sustained net capital inflows into SOL. Until then, the firm prefers to maintain the existing schedule and its defined path toward terminal inflation. The position is intended to preserve predictable staking economics during what the company describes as Solana's expanding institutional adoption phase.

HSDT Opposes Variable Resource Fee Proposal

Solana Company will also vote against SGP-0003, known as the Resource and Inclusion Fee proposal. The proposal seeks to replace aspects of Solana's flat transaction pricing with fees that reflect actual network resource usage. The company believes variable pricing could create additional cost uncertainty for institutional users.

Management acknowledged that flat fees do not always reflect the resources actually consumed by individual transactions. Even so, the company argued that known transaction costs allow financial institutions to forecast operating expenses more consistently. A variable model could transfer additional estimation risk to users before supporting systems fully adjust, it said.

Solana Company added that it could support another version of the proposal containing a predictable minimum fee structure. Such a model could address network resource costs while preserving greater cost certainty for businesses building on Solana, according to the company.