Well now, Galaxy Research—those sharp fellers pokin’ ’round the crypto campfire—have dreamt up a newfangled way to wrangle the wild beast known as Solana inflation after the last vote turned into a regular ol’ Mexican standoff.
Back on April 17, these here intellectual prospectors rolled out a plan they christened “Multiple Election Stake-Weight Aggregation,” or MESA if you want to sound fancy at your next poker game. The idea? To slap a market-driven saddle on the runaway horse of SOL emissions, and maybe, just maybe, keep inflation from spooking the herd.
Instead of the usual “yes” or “no” vote—about as nuanced as deciding whether to eat beans or not—they figured why not let folks vote for a whole mess of deflation rates? Then they take the weighted average, like some kind of number wrangling rodeo, and that’s the new inflation rate.
“Instead of going ’round the barn in circles with proposals till someone throws their hands up,” Galaxy says, “why not let these validators spread their votes like butter on hot cornbread, and let the sum of all those yeses write the script?”
This whole hullabaloo started with a proposal named SIMD-228, which everybody kinda agreed to in principle: “Yes, let’s cut this inflation nonsense.” But when it came to specifics, well, that’s where the trail went cold. Turns out, binary voting on numbers is about as effective as trying to herd cats.
SIMD-228 aimed to swap the boring fixed schedule for something that danced more with the market’s tune. Now, Galaxy says let’s keep the final inflation rate at a modest 1.5%—like a slow simmer—and offer a buffet of deflation options to choose from.
Here’s a little math lesson from the frontier: if 5% say “leave it be” at 15% deflation, half holler for a 30% cut, and 45% holler for 33%, you’re left with a classy average of 30.6%. That’s their target to mosey on down to the promised land of 1.5% inflation.
Taming the binary beast with a little market magic
The bright side? This approach lets folks vote along a whole spectrum instead of just a stubborn “aye” or “nay.” It’s like letting a fiddle player add a little twang instead of banging just one note over and over. All while keeping that inflation curve predictable enough so nobody’s scrambling for their boots.
Galaxy goes on to say they ain’t trying to ride herd on what the perfect inflation rate looks like, just offering a new trail to follow that the whole community can mosey along together.
Right now, Solana’s inflation starts out high at 8% a year, then trails off by 15% each year until it hits that sweet 1.5%. At present, it’s moseying down at 4.6%, with nearly two-thirds of all SOL tokens—about 387 million—already staked and lounging like cowboys ’round the campfire, according to Solana Compass.
And, by the by, Galaxy’s own affiliate Galaxy Strategic Opportunities is right there in the thick of the action, wrangling staking and validation duties on Solana’s frontier.
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2025-04-18 06:26