NEW PROPOSAL PASSED House of Stake, NEAR’s decentralized onchain governance body, has voted to lower NEAR’s maximum annual issuance from 2.5% to 1.6%, phased in over 24 months.…
Original source excerpt
NEW PROPOSAL PASSED House of Stake, NEAR’s decentralized onchain governance body, has voted to lower NEAR’s maximum annual issuance from 2.5% to 1.6%, phased in over 24 months. This is how NEAR’s ec…
NEW PROPOSAL PASSED House of Stake, NEAR’s decentralized onchain governance body, has voted to lower NEAR’s maximum annual issuance from 2.5% to 1.6%, phased in over 24 months. This is how NEAR’s economics evolve transparently and programmatically: token holders put a core parameter to a public vote, and the new rate rolls out epoch by epoch on a published schedule. For NEAR’s tokenomics, that means lower long-term issuance and a supply schedule anyone can verify. What happens next: ✦ The House of Stake Security Council reviews the result before ratification ✦ A ~90-day grace period follows ratification ✦ Validators adopt the change through a protocol upgrade, which makes it binding ✦ Token issuance then steps down every epoch, reaching 1.6% at month 24 ✦ Quarterly reports track realized issuance against the schedule Full proposal: https://t.co/qRFaLqqx4x
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