Crypto research firm Galaxy Research has proposed a revamp of Solana’s token inflation voting system, aiming to address the challenges faced in previous attempts to reach consensus on rate adjustments. Following a failed vote that aimed to reduce inflation, this new proposal presents an alternative approach: Multiple Election Stake-Weight Aggregation (MESA). 🎯 🔑
MESA departs from traditional binary voting methods by allowing validators to choose a range of deflation rates, including maintaining the current 15% rate or increasing it up to 20%. This market-driven system prioritizes diverse community preferences and aims to provide a more representative outcome than previous single-choice votes. 📈
The proposal further outlines a framework for implementation, incorporating clear voting options, quorum requirements, and supermajority thresholds. If implemented, this method is expected to streamline Solana’s governance process while promoting smoother decision-making.
Galaxy Research’s initiative represents an innovative solution for decentralized protocols facing similar challenges in terms of governance and inflation control.