Solana Token Inflation Reform Proposed by Galaxy Digital
Galaxy Digital has suggested a new way to adjust Solana’s token inflation rate. The plan includes a voting system called Multiple Election Stake-weight Aggregation (MESA).
MESA aims to let validators decide future deflation rates for Solana (SOL) more fairly. Rather of a simple “yes” or “no” vote,validators can choose from various preset deflation rates. This approach addresses concerns about the recent SIMD-228 vote, which was seen as too limited.
Under MESA, votes would be aggregated across a range, like 15%, 20%, or 25%. The weighted average would then become the new deflation rate.The current disinflationary curve, with a terminal inflation rate of 1.5%, would stay the same. What would change is the speed at which Solana reaches this endpoint.
Galaxy’s team believes this method better reflects the community’s preferences. It avoids repeated governance deadlocks by asking each person what they want and settling on the aggregate. A simulated example shows how a 30.6% annual deflation rate could result from vote aggregation.
The proposal dose not push for a specific deflation rate. it invites community feedback on details like vote distribution and quorum thresholds. Galaxy’s staking affiliate could benefit, but the proposal remains neutral about the chosen rate. Community discussions and a formal governance vote are expected soon.
