NEAR Proposal Targets a Sharp Cut in Token Issuance
NEARโs (@NEARProtocol) House of Stake is voting on a proposal to reduce annual token issuance from 2.5% to 1.6%.
HSP-029 would phase in the reduction over 24 months, following a 90-day grace period.
Under the proposalโs assumptions, projected staking yield would fall from 5.268% to 3.372%. The existing 90/10 staking and treasury split would remain unchanged.
HSP-029 also estimates 66.1 million fewer NEAR tokens would be issued over six years.
Validators must separately adopt a network upgrade.
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BREAKING: ๐บ๐ธ๐ฎ๐ท The US and Iran have reportedly agreed to a deal to end the war, per Al-Araby Al-Jadeed.
The deal was mediated by Qatar and Pakistan, and reportedly includes confidential IAEA inspections and a partial return of Iran's frozen funds.