Galaxy Digital’s research team has unveiled a proposal to reform how Solana adjusts its token inflation rate.
Part of the proposal introduces a new voting mechanism called Multiple Election Stake-Weight Aggregation. The goal is to allow validators to collectively determine future deflation rates for Solana (SOL) more efficiently and inclusively, according to a note shared with crypto.news.
The proposal outlines a system where validators vote across a range of preset deflation rates rather than on a single “yes” or “no” proposal, according to a note shared with crypto.news.
This addresses criticism that Solana’s recent SIMD-228 vote on inflation was too binary to capture the community’s varied preferences.
Instead of forcing participants to coalesce around one rigid outcome, MESA would aggregate votes on a spectrum, like 15%, 20%, 25%, etc., and apply the weighted average as the new deflation rate.
Under the MESA approach, the current disinflationary curve with a terminal inflation rate of 1.5% would remain intact. What would change is the rate at which Solana reaches that endpoint.
A simulated example illustrates how a 30.6% annual deflation rate could emerge from vote aggregation.
Predictability is accounted for
Galaxy’s team argues that the method preserves predictability while more accurately reflecting collective market preferences—avoiding repeated governance deadlocks.
“Instead of throwing darts until the community is happy with an individual proposal,” the proposal says, “it is more efficient to simply ask each person what they want and settle on the aggregate.”
The proposal does not advocate for any specific deflation rate and invites community feedback on implementation details, including vote distribution and quorum thresholds.
Galaxy’s staking affiliate could potentially benefit from the outcome but emphasizes the proposal’s neutrality regarding the actual rate chosen. Community discussions and a formal governance vote are expected in the coming weeks.
