NEAR Blockchain Holders Vote to Trim Max Issuance to 1.6%, Pending Validator Adoption
By Unchained
AI summary of the source article
NEAR Protocol's governance body voted to reduce the network's annual token issuance ceiling from 2.5% to 1.6% over 24 months. The proposal requires Security Council ratification, a roughly 90-day grace period, and validator adoption to become binding.
Key facts
- NEAR Protocol's House of Stake voted to trim the yearly token issuance cap from 2.5% to 1.6% over 24 months.
- The change takes effect only after Security Council ratification, a 90-day grace period, and validator approval via protocol upgrade.
- The model projects 11.8 million fewer NEAR issued over two years, lowering gross staking yield from about 5.27% to 3.37%.
Source excerpt · Unchained
The House of Stake result, announced by NEAR on Nov. 2, still faces a Security Council review, ratification, a grace period of about 90 days and a protocol upgrade before the 24-month ramp starts. The post NEAR Blockchain Holders Vote to Trim Max Issuance to 1.6%, Pending Validator Adoption appeared first on Unchained .