Crypto research firm Galaxy Research has made a proposal to adjust the voting system that decides the outcome of Solana’s future inflation following the failure to come up with a consensus on a previous vote.
On April 17, Galaxy introduced a Solana proposal called “Multiple Election Stake-Weight Aggregation” (MESA) to reduce the inflation rate of its folk token, Sol (Sol (Sol). The researchers described The proposal as a “more approach-based approach to the market to agree to the Rate of the Future Sol release.”
Instead of using traditional yes/no voting for inflation rates, the table allows validators to vote at many deflection rates and uses the weight average as outcome.
“Instead of cycling through inflation reduction measures until a person has passed, what if validators can put their votes into one or many changes, with the combined -with -the -one -‘ -yes’ outcomes that become the curve of emissions?” Galaxy explained.
Motivation for the concept is derived from a previous proposal (SIMD-228), which has shown a community agreement that SOL inflation should be reduced, but the binary voting system Unable to find consensus in specific parameters.
SIMD-228 suggested to change Solana’s inflation system from a fixed schedule to a dynamic, market-based model.
The new proposal suggests maintaining a fixed, inflation rate at 1.5% and sets many outcomes that create many ‘Yes’ voting options with different deflection rates at which an average is combined if a quorum is reached.
For example, if the 5% vote for the unchanged, remaining in 15% deflection, 50% vote for a 30% deflection rate, and 45% vote for 33%, the new deflection rate was calculated as combined with 30.6%. The target is to reach the terminal rate of 1.5% supply inflation.
Solving binary voting problems
Benefits are more Market -driven system Validators are allowed to express preferences in a spectrum rather than binary options, while maintaining unpredictable with a fixed inflation curve.
“Galaxy Research aims to suggest a real alternative process in achieving what we believe is the extensive purpose of the community, and it is not necessary to reproduce any specific inflation rate outcome,” the firm explained.
Related: Solana upgrades will strengthen the network but squeeze validators – Vaneck
Under the current mechanism, the supply inflation starts at 8% year -old, which decreases by 15% per year until it reaches 1.5%. Solana’s current inflation rate is 4.6%, and 64.7% of total supply, or 387 million solurs, are currently staked, According to In Solana compass.
The Galaxy Affiliate Galaxy Strategic Opportunity provides staking and validation services for Solana.
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