Solana Community Weighs In on New Proposal for Inflation Governance Reform

Galaxy Research has proposed a new method for reforming Solana’s inflation governance structure, aiming to optimize emission curves without relying on single-result voting. The proposal, called Multi-Election Staking Weight Aggregation (MESA), seeks to introduce a market-driven process that will potentially expedite the achievement of Solana’s 1.5% target inflation rate. Unlike the current system, where inflation follows a fixed curve with a predetermined time frame for achieving a final 1.5% inflation rate, MESA allows validators to choose from multiple deflation rates and submit their vote based on weighted averages. This approach removes the dependency on real-time adjustments and enforces a pre-defined anti-inflation trajectory once implemented. The proposal presents an alternative method of adjusting inflation for greater efficiency, potentially leading to a quicker transition towards the 1.5% target.