PANews reported on April 18 that according to Cryptoslate, Galaxy Research submitted a new proposal to the Solana community, aiming to reform the network's inflation governance discussions through a method called Multi-Election Staking Weight Aggregation (MESA). The mechanism attempts to introduce a market-driven process to optimize the SOL emission curve without relying on a single result vote. The proposed method will not change Solana's ultimate goal of achieving a final inflation rate of 1.5%, but depending on the results of the community vote, it may significantly shorten the timeline for achieving that goal. According to Galaxy's forecast, if the current 15% deflation rate is maintained, the network will reach its final inflation rate at epoch 2,135. Increasing the deflation rate will bring this time point forward.
In the current Solana system, inflation follows a fixed, time-dependent curve with a goal of achieving a final inflation rate of 1.5%. However, Galaxy noted that previous votes showed that despite widespread consensus that inflation was higher than necessary, reaching consensus on adjusting parameters was challenging. Galaxy's new proposal offers an alternative, allowing validators to choose from multiple predetermined deflation rates, with the result determined by a weighted average of these votes. Instead of dynamically adjusting inflation based on real-time metrics, MESA votes will enforce a fixed anti-inflation trajectory, and once approved, deflation rates will adjust based on the collective opinion of validators.
