Galaxy Launches MESA Mechanism to Solve Solana's Inflation Control Puzzle

Gate.io News bot, recently, Galaxy Research submitted a new proposal to the Solana community, proposing to reform the governance of online inflation through the Multiple Election Staking Weight Aggregation (MESA) method. This mechanism introduces a market-driven process to optimize the SOL emissions curve without relying on a single outcome vote. The scenario keeps the 1.5% final inflation target unchanged, but may shorten the time to achieve it based on community voting.

Galaxy predicts that if the 15% deflation rate is maintained, the network will reach its final inflation rate at epoch 2,135. Inflation in the current Solana system follows a fixed curve. Galaxy noted that previous votes had shown that while inflation was generally considered too high, it was difficult to reach consensus on the adjustment parameters. The new proposal lets validators choose from a number of preset deflation rates, with a weighted average determining the outcome. The MESA vote will follow a fixed disinflationary trajectory, and the deflation rate will be adjusted based on the collective opinion of validators.

The mechanism was inspired by the previous SIMD-228 proposal. The proposal was not adopted due to the difficulty of reaching consensus on specific parameters through the binary voting mechanism.