Based on the information disclosed, NEAR’s governance body, House of Stake, has opened voting on proposal HSP-029. The proposal would linearly lower the maximum annual NEAR token issuance rate from 2.5% to 1.6% over 24 months, following a buffer period of about 90 days. Under the proposal, approximately 11.8 million fewer NEAR would be issued over the next two years, and about 66.1 million fewer over six years—reducing supply by approximately 4.36% compared with the current policy. The total staking yield is expected to fall from 5.27% to 3.37%.

I’ll start by distinguishing the plan from the actions that have already been completed. What’s worth watching next is the implementation timeline and actual progress—not treating the announcement as if it has already been carried out.

Which point in this news do you think is most worth following?