Galaxy proposes MESA consensus method to solve Solana inflation governance problem

Odaily Planet Daily News Recently, Galaxy Research submitted a new proposal to the Solana community, aiming to reform the network's inflation governance discussion through a method called Multi-Election Staking Weight Aggregation (MESA). The mechanism attempts to introduce a market-driven process to optimize the SOL emission curve without relying on a single result vote. The proposed method will not change Solana's ultimate goal of achieving a final inflation rate of 1.5%, but depending on the results of the community vote, it may significantly shorten the timeline for achieving that goal. According to Galaxy's forecast, if the current 15% deflation rate is maintained, the network will reach the final inflation rate at epoch 2,135. Increasing the deflation rate will bring this time point forward. In the current Solana system, inflation follows a fixed, time-dependent curve with the goal of achieving a final inflation rate of 1.5%. However, Galaxy pointed out that previous votes showed that although it was generally believed that the inflation rate was higher than necessary, it was challenging to reach a consensus on adjusting parameters. Galaxy's new proposal offers an alternative, letting validators choose from multiple pre-determined deflation rates, with the result determined by a weighted average of these votes. Instead of dynamically adjusting inflation based on real-time metrics, MESA voting will enforce a fixed anti-inflation trajectory, and once approved, the deflation rate will be adjusted based on the collective opinion of validators. It is reported that the mechanism was inspired by the previous proposal SIMD-228. Although the community generally supports reducing the SOL inflation rate, the proposal failed due to the difficulty of reaching consensus on specific parameters due to the binary voting mechanism.