Galaxy Research has proposed a new governance model for Solana’s inflation policy using a system called Multiple Election Stake-Weight Aggregation (MESA). This approach allows validators to vote on multiple deflation rate options instead of a simple yes/no choice, with the final rate determined by a stake-weighted average if quorum is met.
The proposal aims to address rising concerns over Solana’s inflation, especially after a May 2024 change (SIMD-96) that redirected priority fees to validators, slashing SOL burn rates and increasing inflation by 30.5%.
MESA wouldn’t change Solana’s long-term goal of a 1.5% terminal inflation rate, but could speed up the timeline to get there. It also responds to the failure of a previous proposal, SIMD-228, which revealed challenges in reaching consensus through traditional voting.
Galaxy’s proposal seeks to make governance more flexible and efficient while keeping inflation management predictable and community-driven.
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