Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Solana Inflation Reform Gets Second Try From Galaxy Research

Share This Post

Galaxy Research has returned to the Solana governance arena with a fresh proposal that seeks to sidestep the deadlock that stymied last month’s SIMD‑228 vote on inflation. Published on GitHub on April 17 and titled “Multiple Election Stake‑Weight Aggregation (MESA) Vote for Reducing Inflation,” the document lays out a procedure that would let validators express a full spectrum of preferences instead of the blunt YES / NO / ABSTAIN triad that governs Solana referenda today.

New Solana Inflation Proposal Follows First Failure

Solana’s monetary schedule is presently hard‑coded: annual issuance starts at 8 %, declines by 15 % each year, and plateaus at a 1.5 % “terminal” inflation rate. According to dashboard provider Solana Compass, the network’s effective inflation stands at 4.591 %. While SIMD‑228 revealed broad agreement that those figures amount to “security overpayment,” the binary ballot failed to gather the two‑thirds super‑majority needed to tighten the curve.

Galaxy’s new plan keeps the familiar fixed, time‑dependent decline toward 1.5 % but replaces single‑outcome votes with what it calls a market‑driven aggregation. “Instead of throwing darts until the community is happy with an individual proposal,” the authors write, “it is more efficient to simply ask each person what they want and settle on the aggregate.”

Under MESA, validators would send stake to multiple YES accounts representing discrete disinflation rates—15 %, 17.5 %, 20 % and so on—while NO and ABSTAIN remain unchanged. The weighted average of those YES buckets would set the new curve. A worked example in the post shows how 5 % of YES stake for “unchanged,” 50 % for 30 % deflation and 45 % for 33 % would yield a composite 30.6 % rate.

Galaxy stresses that the scheme is “not to be confused with a market‑driven curve as detailed in SIMD‑228,” because the underlying schedule would still be deterministic once chosen. Yet, the firm argues, the method is “democratic and progressive” and could “eliminate the need to repeatedly take the idea to single‑outcome vote until a universally acceptable number is proposed.”

The pitch has already drawn scrutiny from core developers. Max Resnick of Anza responded on GitHub that the arithmetic of averaging creates a perverse incentive to vote tactically rather than truthfully: “Suppose I believe the best policy is 25 % a year. … With the average aggregation rule the best thing to do is try to forecast where the final outcome will be and set the most extreme policy in whichever direction you want to pull the policy from there.”

Resnick argues that selecting the median of submitted preferences would be “a truthful aggregation rule” and reiterates his preference for “a dynamic market‑based approach to issuance” over any static curve, adding, “I have faith that the Solana community is intelligent enough to understand a dynamic inflation policy.”

Galaxy’s authors acknowledge that critical implementation details remain open. They invite debate on how many YES buckets to include, whether SIMD‑228’s 33 % quorum and two‑thirds super‑majority thresholds should carry over, and whether a weighted average is in fact the fairest way to collapse the vote.

At press time, SOL traded at $133.83.

Solana price

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Price Hit An Early Bottom? Why $0.35 Is Still Possible

Dogecoin saw its price crash once again after a month of upward movement in April This downturn has affected sentiment once again, pushing investors back into the fear territory However, this might

$8.8 Billion Blockchain Hub: A Game-Changer for Maldives’ Economy?

MBS Global Investments, based in Dubai, plans to invest $88 billion over five years to establish a blockchain and digital asset hub in the Maldives This initiative aims to diversify the

Why Pi Network Listing on CEX Is Taking Time?

The post Why Pi Network Listing on CEX Is Taking Time appeared first on Coinpedia Fintech News If you’ve been wondering why Pi Network still isn’t listed on major centralized exchanges (CEXs)

Crypto Space to Get New ETF by May 5?

The post Crypto Space to Get New ETF by May 5 appeared first on Coinpedia Fintech News The crypto ETF space will see big developments in 2025 The US SEC is set to review over 70 crypto ETF

Crypto Market Live Today: BTC, ETH, BNB, XRP, Contract, While CORE, WAL, FLR Surge

The post Crypto Market Live Today: BTC, ETH, BNB, XRP, Contract, While CORE, WAL, FLR Surge appeared first on Coinpedia Fintech News The start of the fresh week trade remains sluggish after

XRP Price Rejection At This Supply Zone Triggers Crash, Here’s The Next Target

After a rejection from $22 at the start of the weekend, the XRP price is now struggling to regain its momentum This is especially hard given the fact that the altcoin saw the rejection from a major