Galaxy Digital’s Wacky New Plan to Tame Solana’s Inflation Monster!

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Gather ’round, dear readers, for a tale of numbers and tokens that will tickle your fancy! Galaxy Digital’s clever little research team has whipped up a proposal that’s as zany as a cat in a hat! They want to reform the way Solana adjusts its token inflation rate. Yes, you heard that right! 🎩🐱

Now, hold onto your hats because part of this proposal introduces a brand-spanking-new voting mechanism called Multiple Election Stake-Weight Aggregation. Sounds fancy, doesn’t it? The goal is to let validators come together like a jolly band of pirates to decide on future deflation rates for Solana (SOL) in a way that’s as efficient as a well-oiled machine! ⚓️

Picture this: instead of a boring old “yes” or “no” vote, validators will get to choose from a delightful buffet of preset deflation rates! It’s like a candy store for grown-ups, where you can pick 15%, 20%, 25%, and so on! 🍬

This clever contraption addresses the grumbling that Solana’s recent SIMD-228 vote on inflation was as exciting as watching paint dry. Instead of forcing everyone to squish together around one stiff outcome, MESA lets votes float around like balloons at a birthday party! 🎈

Under the MESA approach, the current disinflationary curve with a terminal inflation rate of 1.5% will stay put, like a stubborn old mule. But what will change is how quickly Solana gallops to that endpoint! 🐴💨

Imagine a world where a 30.6% annual deflation rate could pop up from vote aggregation like a jack-in-the-box! Surprise! 🎉

Predictability is accounted for

Galaxy’s team argues that this method keeps things predictable while reflecting the market’s whims—avoiding those pesky governance deadlocks that make everyone grumpy! 😠

“Instead of throwing darts until the community is happy with an individual proposal,” the proposal says, “it is more efficient to simply ask each person what they want and settle on the aggregate.”

Now, don’t get too excited! The proposal doesn’t pick a specific deflation rate and is throwing the doors wide open for community feedback on how to implement this delightful scheme, including vote distribution and quorum thresholds. 🎊

Galaxy’s staking affiliate might just find a pot of gold at the end of this rainbow, but they’re quick to emphasize that the proposal is as neutral as a referee at a pie-eating contest! 🥧 Community discussions and a formal governance vote are expected to pop up in the coming weeks, so keep your eyes peeled! 👀

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2025-04-17 19:24