Galaxy Digital Submits Proposal For New Solana Voting System To Reduce Inflation
Galaxy Research has put forward a proposal to adjust the voting system that determines the outcome of future Solana inflation with the aim of bringing down inflation rates. Galaxy introduced the proposal, titled, “Multiple Election Stake-Weight Aggregation (MESA)” yesterday. According to the researchers , this proposal is a “more market-based approach to agreeing on the rate of future SOL emissions.” Galaxy Digital Pushes For A Weighted Average Approach In Solana Voting Currently, the Solana network uses a traditional yes/no voting system to determine inflation rates. In Galaxy’s proposed voting mechanism, validators will be able to vote on multiple deflation rates. The weighted average of these votes is then used as the outcome. Galaxy’s proposal follows the SIMD-228 proposal, which pitched the idea of changing Solana’s inflation system from a fixed schedule to a more dynamic and market-based model. SIMD-228 also showed Solan...