Key Points
Summary
Galaxy Research has introduced a new proposal named "Multiple Election Stake-Weight Aggregation" (MESA) to reform the voting system for adjusting Solana's inflation rate. This proposal comes after a previous attempt (SIMD-228) failed to achieve consensus on reducing SOL inflation due to the limitations of binary voting. MESA allows validators to vote on various deflation rates, with the outcome being a weighted average of these votes, aiming for a more market-driven approach. The system maintains a fixed terminal inflation rate of 1.5% but introduces multiple 'yes' voting options for different deflation rates. For instance, if validators vote for different deflation rates, the new rate would be an aggregate of these votes. This method is intended to reflect community preferences more accurately and provide a predictable inflation curve. Galaxy Research emphasizes that this proposal is not about prescribing a specific inflation rate but about improving the process to achieve community goals.
