Galaxy Proposes New Consensus Method to Address Solana Inflation Debate
PANews April 18, according to Cryptoslate, Galaxy Research has submitted a new proposal to the Solana community aimed at reforming the network's inflation governance discussion through a method called Multiple Elections Staking Aggregation (MESA). This mechanism attempts to introduce a market-driven process to optimize the SOL emission curve without relying on a single outcome vote. The proposed method doesn't change Solana's ultimate target of achieving a 1.5% final inflation rate but may significantly shorten the timeline to reach this target based on community voting results. According to Galaxy's predictions, if the current deflation rate of 15% is maintained, the network will reach the final inflation rate at epoch 2,135. Increasing the deflation rate could advance this timeline.
In the current Solana system, inflation follows a fixed, time-related curve aimed at achieving a final inflation rate of 1.5%. However, Galaxy notes that previous voting indicated challenges in reaching consensus on parameter adjustments, despite a general belief that the inflation rate is higher than necessary. Galaxy's new proposal offers an alternative that allows validators to choose from several predetermined deflation rates, with results determined by a weighted average of these votes. MESA voting will not dynamically adjust inflation based on real-time metrics but will enforce a fixed anti-inflation trajectory; once approved, the deflation rate will be adjusted according to the collective opinion of the validators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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