Galaxy Research Proposes MESA Voting System to Tackle Solana Inflation Challenges

April 17, 2025
Galaxy Research Proposes MESA Voting System to Tackle Solana Inflation Challenges
  • Galaxy Research has introduced a new voting system called Multiple Election Stake-Weight Aggregation (MESA) to modify how future Solana inflation rates are determined.

  • This fee distribution change redirected all priority fees to validators instead of burning half, significantly decreasing the daily burn of SOL.

  • A formal governance vote regarding the proposal is expected in the coming weeks, indicating a significant step towards addressing inflation concerns.

  • Under MESA, the terminal inflation rate will remain at 1.5%, while validators can vote on various deflation options, with the network adopting the weighted average as the new rate if a quorum is achieved.

  • Galaxy Research is still discussing critical implementation details, including the number of YES buckets and quorum thresholds.

  • The proposal reflects ongoing debates within the Solana community regarding the best methods for adjusting token emissions and governance.

  • Concerns about Solana's inflation have intensified as the annualized inflation rate surged by 30.5% due to changes in the priority fee distribution mechanism implemented in May 2024.

  • The proposal aims to enhance the governance process without changing the final target inflation rate, making it more practical and effective.

  • Previous attempts to reform the inflation model, such as SIMD-228, faced challenges in achieving consensus due to the binary voting method.

  • This proposal allows validators to express a range of preferences for disinflation rates, moving away from the current binary voting system of YES/NO/ABSTAIN.

  • If adopted, MESA could stabilize SOL's supply and enhance predictability in emissions, potentially restoring confidence among investors.

  • Some developers, like Max Resnick, have expressed concerns that the averaging method could lead to tactical voting rather than honest preferences.

Summary based on 10 sources


Get a daily email with more Crypto stories

More Stories