A crypto research organisation, Galaxy Research has introduced a new process to vote on inflation of Solana. The new system is named MESA. It is developed to assist validators of the platform, agree on how much to decrease the rate of inflation of SOL, the native token of the network.
This idea comes after a previous proposal, SIMD-228, failed to find agreement in the community. That earlier proposal suggested changing Solana’s fixed inflation model into a flexible one that adjusts based on market demand. Most people agreed that inflation should be reduced, but they couldn’t decide on how much. The main problem was the simple “yes or no” voting format. It didn’t let validators choose from multiple options.
Galaxy believes MESA “Multiple Election Stake-Weight Aggregation” solves this issue. Validators can now vote for different alternatives instead of selecting “yes” or “no” on a single option. The choices provide several rates of deflation. The ultimate answer will be a weighted average of all the votes. It allows validators to distribute their votes in different ideas from which the most supported alternative will have influence on the final result.
With MESA, validators won’t have to keep voting on new proposals until one gets enough support. Instead, they can vote for more than one option at the same time. If enough validators take part and a quorum is reached, the system will calculate an average deflation rate and apply that to SOL’s emissions curve.
The concept is to keep the rate of terminal inflation fixed at 1.5%, but offer flexibility in how the network gets there. Galaxy named this as a market-based approach, here the preferences of the community will result in the final outcome rather than the rigid yes or no format.
SOL has been getting more attention recently, especially from traditional finance. On April 16, Canada approved the world’s first spot Solana ETFs that include staking rewards. Asset managers like Purpose, Evolve, CI Global, and 3iQ are behind these ETFs. This is a big step that brings Solana closer to mainstream investment options.
Also, the Helium Network is now collaborating with Solana. Helium operates a Decentralized Physical Infrastructure Network (DePIN) for telecommunication. It shifted to SOL to speed up its system, reduce costs, and secure it. Because the altcoin is famous for being fast and low-cost, the collaboration is supposed to enhance worldwide telecommunication services through blockchain. The Solana has experienced fluctuations in the past 24 hours, it increased to 0.82% and the current price is $135.20.
Galaxy's new plan is timely for SOL. The network is expanding rapidly, and with new software such as MESA, it might be able to regulate its token economy better. By allowing flexible, average-based voting, the Solana community might finally reach agreement on how to keep inflation under control—without the endless cycle of voting that has slowed things down in the past.
If MESA works, it could become a model for other blockchains facing similar challenges.
Also read: Balance Airdrop Listing on Binance Alpha and Futures on April 21Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.