News · Altcoins
The governance measure passed with 99.9% approval to reduce annual emissions over 24 months, despite a 7% token drop.
Key point 1 of 3
01
Near Protocol approved proposal HSP-029 to reduce annual token issuance from 2.5% to 1.6% over 24 months.
Key point 2 of 3
02
The measure lowers projected gross staking yields from 5.2% to 3.3% and eliminates 11.8 million NEAR in new emissions over two years.
Key point 3 of 3
03
The implementation faces a 14-day Security Council veto window followed by a 90-day grace period and a validator client upgrade.
Context
Layer-1 protocols frequently seek to adjust emission rates to reduce circulating supply inflation, balancing long-term token value against staker incentives.
Why it matters
NEAR stakers will see gross staking yields drop from 5.2% to 3.3%, while network token dilution slows by 11.8 million NEAR over two years.
What to watch
The conclusion of the Security Council's 14-day veto window, followed by the 90-day grace period and subsequent validator software deployment.
Sources
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