The Crypto Galaxy Research research cabinet made an adjustment proposal for the voting system which decides on the outcome of Future Inflation from Solana after the failure of the incapacity to a consensus during a previous vote.
On April 17, Galaxy introduced a Solana proposal called “multiple electoral-point elections” (MESA) to reduce the inflation rate of his native token, soil (soil). Researchers have described the proposal as a “more -based approach to agree with the rate of future soil emissions”.
Rather than using the traditional voting yes / no for inflation rates, Mesa allows validators to vote on several deflation rates and uses the weighted average as a result.
“Instead of cycling through proposals to reduce inflation until you pass, what happens if the validators could allocate their votes to one or more changes, with the aggregate of” yes “results becoming the curve of the emissions adopted?” Explained Galaxy.
The motivation of the concept comes from a previous proposal (SIMD-228), which has shown a community agreement that resolution inflation should be reduced, but the binary voting system could not find consensus on specific parameters.
SIMD-228 proposed to change the Solana inflation system from a fixed schedule to a dynamic market-based model.
The new proposal suggests maintaining the fixed and terminal inflation rate at 1.5% and eliminating several results which create several “yes” voting options with different deflation rates from which an average is aggregated if a quorum is reached.
For example, if 5% vote without change, remaining at 15% deflation, 50% vote for a deflation rate of 30% and 45% vote for 33%, the new deflation rate would be calculated as the aggregate at 30.6%. The objective is to reach the terminal rate of 1.5% inflation of the offer.
Resolve binary voting problems
The advantages are that a more market -oriented system allows validators to express preferences along a spectrum rather than with binary choices, while maintaining predictability with a fixed inflation curve.
“Galaxy Research seeks to suggest a truly alternative process to achieve what we think is the general objective of the community, and not necessarily to proscribe a particular result on the inflation rate,” said the company.
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As part of the current mechanism, the inflation of the offer starts 8% per year, decreasing by 15% per year until it reaches 1.5%. The current inflation rate of Solana is 4.6%, and 64.7% of the total supply, or 387 million soil, is currently marked out, according to Solana Compass.
Galaxy Affiliate Galaxy Strategic Opportunities provides implementation and validation services for Solana.
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