On April 18, according to Cryptoslate, Galaxy Research proposed a new method for the Solana community to reform inflation governance discussions through the Multi-Election Staking Weight Aggregation (MESA) method. This new mechanism proposes a market-driven process to optimize the SOL emission curve without relying on a single vote. The method does not change Solana's ultimate goal of reaching 1.5% inflation, however, the results from community voting could shorten the time to achieve this goal.
According to Galaxy's prediction, if the current 15% deflation rate is maintained, the network will reach the final inflation rate in epoch 2,135. Increasing the deflation rate will make this time arrive earlier. In the current Solana system, inflation follows a fixed time-dependent curve with the target of reaching 1.5% final inflation. However, Galaxy notes that previous votes showed difficulty in reaching consensus on parameter adjustments despite broad agreement that inflation is higher than necessary.
Galaxy's new proposal provides an alternative, allowing validators to choose from multiple predefined deflation rates, with the result determined by the Medium weighted vote. Instead of dynamically adjusting inflation based on real-time indicators, MESA votes will impose a fixed anti-inflation trajectory, and once approved, the deflation rate will be adjusted based on the collective opinion of validators.
