NEAR Governance Votes to Cut Token Issuance Ceiling to 1.6%
By Tobi Opeyemi Amure
AI summary of the source article
NEAR's House of Stake has voted to reduce the network's maximum annual token issuance from 2.5% to 1.6% over 24 months. The change still requires Security Council review, ratification, and a validator protocol upgrade to take effect.
Why it matters
NEAR Protocol says the proposal delivers lower long-term issuance and "a supply schedule anyone can verify."
Key facts
- NEAR's House of Stake voted to lower maximum annual token issuance from 2.5% to 1.6% phased over 24 months under proposal HSP-029.
- The cut takes effect only after Security Council review, ratification, a roughly 90-day grace period, and a validator upgrade.
- The first US spot ETF providing direct exposure to NEAR launched on September 29.
Source excerpt · FinanceFeeds
NEAR's House of Stake, the network's decentralized onchain governance body, has voted to lower NEAR's maximum annual token issuance from 2.5% to 1.6%, phased in over 24 months. The proposal , HSP-029, sets a 24-month ramp to a 1.6% target rate for NEAR token emissions, which NEAR Protocol says delivers lower long-term issuance and "a supply schedule anyone can verify." NEAR Protocol announced the…