NEAR governance approves cut to token issuance ceiling, lowering it from 2.5% to 1.6% over 24 months

NEAR's House of Stake passed HSP-029 with overwhelming support, but it still requires Security Council review, a 90-day grace period, and a validator protocol upgrade before becoming binding. Once live, the ceiling declines linearly by about 3.75 basis points per month, reaching 1.6% at month 24, while keeping the 90/10 split between stakers and treasury. The proposal aims to slow dilution and reduce sell pressure, since the validator set is oversubscribed. Estimates: ~11.8 million NEAR issuance avoided over two years, 66.1 million over six years, supply about 4.36% smaller; daily issuance falls from ~89,500 to 57,300 NEAR, with staking yield dropping from 5.268% to 3.372%.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Governance
• NEAR