According to Foresight News and The Block, Galaxy Research has proposed a new proposal called MESA (Multiple Election Stake-Weight Aggregation), aiming to determine Solana's future inflation/deflation curve in a more market-driven way, replacing the existing binary voting system. The proposal allows validators to express preferences across multiple options with weighted voting, ultimately determining the final deflation rate through a weighted average.
This is a response to the previous SIMD-228 proposal's failure. SIMD-228 had proposed dynamically adjusting SOL's inflation rate based on staking participation, but despite setting a voting participation record, it did not pass due to severe opinion fragmentation. Galaxy noted that the current "yes/no" binary mechanism struggles to accurately reflect the community's true preferences.
Currently, Solana's initial annual inflation rate is 8%, decreasing by 15% each year, with a target inflation rate of 1.5%. According to Solana Compass data, the current inflation rate is 4.6%, with 64.7% of the supply staked. However, Anza's chief economist Max Resnick expressed concerns that MESA might lead to extreme voting to manipulate average results, potentially introducing more operational complexity. He continues to support the dynamic issuance curve mechanism proposed by SIMD-228.
Solana Labs co-founder Anatoly Yakovenko suggested using the median of stake weight instead of the average as a calculation method, which might better prevent extreme manipulation.
