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NEAR Protocol approves cut to max annual issuance from 2.5% to 1.6%

NEAR Protocol's governance body approved a proposal to reduce its max annual issuance from 2.5% to 1.6% over 24 months. The change, authored by SVRN's CEO, passed with 3.29 million veNEAR votes. Daily minting will decrease from 89,500 to 57,300 NEAR, reducing staking yields from 5.27% to 3.37% and total issuance by 11.8 million NEAR in the first two years.

Original reporting
cryptobriefing.com
Published Nov 3, 2026, 4:34 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 5:20 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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NEAR Protocol approves cut to max annual issuance from 2.5% to 1.6% — source image
Source · cryptobriefing.com
Decision brief

The 30-second read

$NEAR-USDBullishMed
01

Why it matters

The cut reduces daily token minting from ~89,500 to ~57,300, decreasing inflation and potentially boosting price, while staking yields fall from ~5.27% to ~3.37%.

02

Market read

First‑report issuance reduction is a material supply change for NEAR, likely influencing price and staking dynamics.

03

What to watch

The phased 24‑month ramp means the impact will be gradual; short‑term price may remain muted until the first issuance drop is observed.

Relevance 8/10Novelty 8/10Timing: immediate

Background

NEAR Protocol's governance body, the House of Stake, voted to implement proposal HSP‑029, lowering the token issuance cap.

Company-level read

Ticker impact

$NEAR-USDBullishHigh confidence
Context

NEAR Protocol approved a governance proposal cutting the maximum annual token issuance from 2.5% to 1.6%, a first‑report change to the network's monetary policy.

Expected impact

likely upward pressure as the market prices in reduced token inflation

Evidence & confidence

The 36% cut in issuance ceiling is a material supply shock; historical crypto price reactions to supply tightening are generally bullish, though reduced staking yields could offset some demand.

Market effects

Sector

May influence other proof‑of‑stake networks as investors compare inflation rates and staking yields.

Regional

Primarily affects crypto markets globally; no specific regional bias.

Global

Supply‑side change could ripple through broader crypto sentiment and affect related DeFi protocols.

Counterpoint

What could challenge this read

Reduced staking yields could make NEAR less attractive to yield‑chasing investors, potentially offsetting supply‑side upside.

Key entities

  • Governance Body
    House of Stake

    NEAR's on‑chain governance council that approved the issuance cut.

  • Individual
    Sal Ternullo

    CEO of SVRN and author of the proposal.

Read at source← All news

StoryNEAR Protocol governance approves cut to max annual token issuance from 2.5% to 1.6%

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