Galaxy Proposes Voting System to Reduce Solana Inflation

Galaxy Research has proposed a new voting system to determine future Solana inflation rates after a previous vote failed to reach a consensus.

On April 17, Galaxy introduced the “Multiple Election Stake-Weight Aggregation” (MESA) proposal to reduce the inflation rate of Solana’s native token, SOL. The researchers described this as a “more market-based approach” to deciding on future SOL emissions.

Instead of relying on traditional yes/no voting for inflation rates, MESA allows validators to vote on various deflation rates, using the weighted average as the final decision.

Galaxy explained, “Rather than cycling through inflation reduction proposals until one passes, what if validators could allocate their votes to multiple choices, with the aggregated ‘yes’ outcomes forming the adopted emissions curve?”

This concept was motivated by a previous proposal (SIMD-228), which showed a community agreement on reducing SOL inflation. However, the binary voting system struggled to find a consensus on specific parameters.