Galaxy Proposes New Voting System to Fix Solana Inflation Debate
Galaxy Research has unveiled a new proposal to overhaul how Solana decides future inflation rates, aiming to end the deadlock caused by binary voting.
On April 17, the firm introduced the “Multiple Election Stake-Weight Aggregation” (MESA) framework as a more dynamic, market-based approach to adjusting SOL token emissions.
Rather than forcing validators to vote yes or no on a single proposal, MESA lets them vote across multiple deflation options, calculating the weighted average to determine the final outcome.
Why the Change Is Needed
The idea stems from the failure of SIMD-228, a previous proposal that sought to move Solana from a fixed inflation schedule to a market-responsive system. Although the community agreed that inflation should be reduced, the rigid voting structure couldn’t reach a majority on how much to reduce it.
Galaxy’s MESA aims to solve that. “Instead of cycling through proposals until one passes,” Galaxy said, “validators could allocate votes to many options, and the average would shape the new emissions curve.”
Example: Voting in Action
Under MESA, if:
- 5% vote to keep inflation unchanged,
- 50% vote for a 30% deflation rate, and
- 45% vote for 33% deflation,
…the new policy would reflect a 30.6% deflation rate. The long-term target remains reaching 1.5% terminal inflation.
A Smarter, Smoother Consensus
Galaxy argues this system gives validators more freedom to express preferences without losing clarity or predictability. The final inflation curve remains fixed, but how the rate adjusts becomes more flexible and representative.
“We’re not pushing for a specific inflation rate,” Galaxy clarified. “We’re proposing a better way to reach the decision.”
If accepted, MESA could set a new standard for decentralized governance, offering a way for communities to find consensus on complex economic models without relying on outdated voting structures.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
