Solana’s Inflation Dilemma: A New Proposal That Might Actually Work! 😲

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So, Galaxy Research, in their infinite wisdom, has decided to throw a new proposal into the mix for Solana’s governance. You know, the one that’s been a total headache for everyone trying to figure out how to lower inflation. They call it “Multiple Election Stake-Weight Aggregation” (MESA). Sounds fancy, right? Like something you’d order at a hipster café. “I’ll have a MESA with a side of avocado toast, please!” 🥑

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.

— Galaxy Research (@glxyresearch) April 17, 2025

Here’s the kicker: the old system was like trying to get a group of friends to agree on a restaurant. Everyone’s nodding along, “Yeah, let’s lower inflation!” But when it comes to how much, suddenly it’s like, “I don’t know, I like it just the way it is!” It’s like the SIMD-228 proposal — everyone was on board until it came to the numbers. Classic! 🙄

Now, MESA is shaking things up by letting validators pick from multiple deflation rate options. No more yes or no nonsense! It’s like a buffet of choices. The weight of each vote is based on how much SOL they’ve staked. So, if you’ve got skin in the game, your vote counts more. After the votes are in, they do some math magic to find the average deflation rate. It’s like a group project where one person actually does the work! 🎉

Let’s break it down: if 5% of validators want to keep things as is, 50% want a 30% cut, and 45% are all about that 33% life, the final rate is a nice average of 30.6%. No more endless rounds of voting — just a clear picture of what everyone really wants. It’s like finally agreeing on a movie to watch without a three-hour debate! 🍿

Currently, Solana’s inflation starts at 8% and drops by 15% each year until it hits a cozy 1.5%. Right now, it’s lounging around 4.6%. Galaxy’s proposal doesn’t change the end goal; it just makes the journey a bit less painful. Kind of like taking the scenic route instead of the highway — you still get there, but with fewer potholes! 🚗💨

With about 64.7% of the total SOL supply staked, the validators’ decisions really matter. Galaxy Research isn’t pushing for a specific deflation rate; they just want to make the process less of a circus. You know, so it actually reflects what validators want instead of forcing them into a binary vote like it’s some kind of game show. “Will you take the deal or walk away?” 🎤

If this proposal gets the green light, it could stabilize SOL’s supply, make emissions more predictable, and smooth out the governance process. With a simpler, weighted voting system, we might just restore some confidence among investors and the Solana community. Fingers crossed! 🤞

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2025-04-18 10:13