NEAR Protocol governance approves cut to max annual token issuance from 2.5% to 1.6%
+11 new sources since this summary was written
The House of Stake voted on 2 November 2026 to lower NEAR's maximum annual token issuance from 2.5% to 1.6%, a 36% reduction. The change will phase in over a 24‑month period after a 90‑day grace period following Security Council ratification. The proposal, authored by SVRN CEO Sal Ternullo, received about 3.29 million veNEAR votes in favor.
Why it matters
The lower issuance will reduce daily minting from roughly 89,500 NEAR to 57,300 NEAR, cutting staking yields from about 5.27% to 3.37% and decreasing dilution for token holders. The supply contraction may support the token’s market price and alter staking economics, according to the protocol’s own modeling.
Key facts
- 1Maximum annual issuance will be reduced from 2.5% to 1.6%, a 36% decrease in the issuance ceiling. cryptonews.net
- 2The reduction will be phased in over 24 months after a roughly 90‑day grace period. cryptobriefing.com
- 3The proposal received approximately 3.29 million veNEAR votes in favor. cryptobriefing.com
- 4Daily minting is expected to fall from about 89,500 NEAR to around 57,300 NEAR at full implementation. cryptobriefing.com
- 5Staking yields are projected to drop from about 5.27% gross to 3.37% gross. cryptobriefing.com
- 6The proposal was authored by Sal Ternullo, CEO of SVRN. cryptobriefing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.