Galaxy proposes MESA consensus method to solve Solana inflation governance problem

CoinRank News: Recently, Galaxy Research submitted a new proposal to the Solana community, aiming to reform the networks 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 outcome vote. The proposed method does not change Solanas ultimate goal of achieving a 1.5% final inflation rate, but may significantly shorten the timeline for achieving that goal depending on the results of the community vote. According to Galaxys 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 there was a general consensus that the inflation rate was higher than necessary, it was challenging to reach consensus on adjusting the parameters. Galaxys new proposal provides an alternative that allows validators to choose from multiple predetermined deflation rates, and the result is determined by the 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 the 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 by the binary voting mechanism.