NEAR House of Stake Voters Back Proposed Issuance Cut to 1.6%

NEAR Protocol's governance body, House of Stake, approved a proposal to reduce the annual NEAR token issuance cap from 2.5% to 1.6% over 24 months. The change, backed by 99.96% of voting power, aims to slow supply dilution. However, it requires further review and a 90-day grace period before implementation. The reduction is projected to decrease staking yields and may impact smaller validators.

NEAR Protocol's token (NEAR) dropped 9.2% after holders approved a plan to reduce its maximum annual issuance rate from 2.5% to 1.6% over two years. The proposal, HSP-029, passed with 99.9% support and is expected to remove nearly 11.8 million NEAR from circulation. Bitcoin (BTC) and Ether (ETH) also fell 5.8% and 7.8%, respectively, over the same period.

NEAR Protocol's token price rose 10% after a governance-approved proposal to reduce annual issuance from 2.5% to 1.6% over two years, aiming to cut inflation and ease selling pressure. The change, if implemented, would prevent 11.8 million NEAR tokens from circulating in the first two years. NEAR is also developing cross-chain technology to expand its ecosystem. The token is trading near $3.80, with $4 as a key resistance level.

NEAR Protocol's governance approved a plan to reduce its maximum annual token issuance from 2.5% to 1.6% over 24 months. The measure aims to slow supply growth and limit dilution, with 90% of new tokens still going to stakers. The change is expected to reduce the circulating supply by 4.36% over six years and lower staking yields from 5.268% to 3.372%. Implementation requires Security Council review and a 90-day waiting period.

NEAR Protocol's governance body voted to reduce its yearly issuance ceiling from 2.5% to 1.6% over 24 months, pending validator adoption. The change requires Security Council review, a grace period, and a protocol upgrade. Proposal HSP-029, authored by SVRN's CEO, aims to reduce new NEAR issuance by about 32,200 tokens daily once fully implemented, according to NEAR.

NEAR Protocol's House of Stake approved a proposal to reduce its maximum annual token issuance from 2.5% to 1.6% over 24 months. The change, supported by 99.96% of voters, aims to reduce token inflation and was estimated to prevent 11.8 million NEAR tokens from circulating over two years. The reduction will gradually impact staking yields and dilution for non-staking holders. NEAR Intents' growing activity and fee generation supports the network's evolving tokenomics.