According to Cryptoslate, Galaxy Research has submitted a new proposal to the Solana community aimed at reforming the network's inflation governance discussions through a method called Multi Electoral Stake Weight Aggregation (MESA). This 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 based on community voting results, it may significantly shorten the timeline for achieving this goal. According to Galaxy's prediction, if the current deflation rate of 15% is maintained, the network will reach its final inflation rate at epoch 2135. Raising the deflation rate will advance this point in time.
In the current Solana system, inflation follows a fixed, time-dependent curve, with the goal of achieving a final inflation rate of 1.5%. However, Galaxy pointed out that previous voting has shown that although people generally believe that the inflation rate is above the necessary level, reaching a consensus on adjusting parameters faces challenges. Galaxy's new proposal provides an alternative solution for validators to choose from multiple pre-determined deflation rates, with the results determined by the weighted average of these votes. MESA voting will not dynamically adjust inflation based on real-time indicators, but will enforce a fixed anti inflation trajectory. Once approved, deflation rates will be adjusted based on the collective opinion of validators.
