{"id":23159,"date":"2025-04-18T10:20:14","date_gmt":"2025-04-18T07:20:14","guid":{"rendered":"https:\/\/forklog.com\/en\/galaxy-research-proposes-new-voting-system-to-curb-solana-inflation\/"},"modified":"2025-04-18T10:20:14","modified_gmt":"2025-04-18T07:20:14","slug":"galaxy-research-proposes-new-voting-system-to-curb-solana-inflation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/galaxy-research-proposes-new-voting-system-to-curb-solana-inflation\/","title":{"rendered":"Galaxy Research Proposes New Voting System to Curb Solana Inflation"},"content":{"rendered":"<p>Galaxy Research has proposed an adjustment to the voting system that determines the future inflation rate of Solana.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We just introduced a new Solana proposal called Multiple Election Stake-Weight Aggregation (MESA) to reduce SOL inflation: a more market-based approach to agreeing on the rate of future SOL emissions.<a href=\"https:\/\/t.co\/mcVdkRiM8y\">https:\/\/t.co\/mcVdkRiM8y<\/a><\/p>\n<p>\u2014 Galaxy Research (@glxyresearch) <a href=\"https:\/\/twitter.com\/glxyresearch\/status\/1912928613525053876?ref_src=twsrc%5Etfw\">April 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The initiative is named MESA (Multiple Election Stake-Weight Aggregation).<\/p>\n<p>Instead of the traditional yes\/no responses to determine the inflation level, the system will allow validators to vote on multiple deflation metrics and calculate a weighted average of the received options as the result.<\/p>\n<p>The firm proposed MESA after the previous proposal, <span data-descr=\"Solana IMprovement Document \u2014 document for Solana improvement\" class=\"old_tooltip\">SIMD<\/span>-228<a href=\"https:\/\/dune.com\/kagren0\/simd-0228-voting-status\"> failed to reach consensus<\/a> on specific parameters. However, it did demonstrate unanimity regarding the need to reduce inflation.<\/p>\n<p>SIMD-228 <a href=\"https:\/\/forklog.com\/en\/news\/solana-community-to-vote-on-new-inflation-model\">suggested<\/a> a shift from a fixed schedule to a dynamic model: if the percentage of tokens in staking falls below the 33% threshold, SOL emissions would increase to incentivize participants. With a high volume of locked tokens, the metric would decrease, reflecting a reduced need to &#8220;overpay&#8221; for network security.<\/p>\n<p>MESA maintains a fixed inflation rate of 1.5%, offering several deflation options for voting.<\/p>\n<p>For example, if 5% voted for 15% deflation, 50% for 30%, and 45% for 33%, the new level would be 30.6%. The goal is to achieve a terminal inflation rate of 1.5%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1523.webp\" alt=\"1-1523\" class=\"wp-image-256936\"\/><figcaption class=\"wp-element-caption\">Projected inflation curves under the new voting option. Data: Galaxy Research.<\/figcaption><\/figure>\n<p>The aim of MESA is to offer a more market-driven approach, allowing validators to express preferences across a spectrum of deflation, while maintaining emission predictability.<\/p>\n<p>Under the current mechanism, inflation starts at 8% per year and decreases by 15% annually until it reaches 1.5%. The current level is 4.6%.<\/p>\n<p>According to <a href=\"https:\/\/solanacompass.com\/tokenomics\">Solana Compass<\/a>, 64.7% of the total supply (387 million SOL) is locked in staking.<\/p>\n<p>Back in February 19, Blockworks researcher Carlos Gonzalez Campo reported that annual SOL inflation <a href=\"https:\/\/forklog.com\/en\/news\/solana-inflation-jumps-by-30-after-simd%e2%80%910096-rollout\">rose by 30.5%<\/a> following the implementation of a new fee distribution model on the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Research has proposed an adjustment to the voting system that determines the future inflation rate of Solana. We just introduced a new Solana proposal called Multiple Election Stake-Weight Aggregation (MESA) to reduce SOL inflation: a more market-based approach to agreeing on the rate of future SOL emissions.https:\/\/t.co\/mcVdkRiM8y \u2014 Galaxy Research (@glxyresearch) April 17, 2025 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[770,1159,1134],"class_list":["post-23159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-galaxy-digital","tag-solana-sol","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23159"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23158"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}