#near投票通过将最高年发行率降至1.6%
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November 3 — NEAR Protocol’s on-chain governance body, House of Stake, has passed proposal HSP-029, which plans to gradually lower NEAR’s maximum annual issuance rate from the current 2.5% to 1.6%. The adjustment is expected to take 24 months.
📊 What could this mean for the market?
$NEAR : This is a fairly clear long-term positive for tokenomics. A slower issuance rate may help ease supply dilution, but it doesn’t mean the token price is bound to rise. The key is still whether ecosystem demand, on-chain activity, and capital inflows can grow in tandem.
NEAR staking ecosystem: Staking yields may decline, so validators and delegators will need to reassess the balance between returns and operating costs.
📌 Three details about this vote are worth noting:
1️⃣ Maximum issuance rate cut by 36%
The adjustment lowers the rate from 2.5% to 1.6%, a decrease of 0.9 percentage points, equivalent to a roughly 36% reduction in the maximum annual issuance rate. This won’t happen all at once; the rate will be adjusted gradually with each network epoch, reaching 1.6% in an estimated 24 months.
The proposal’s model estimates that, if implemented as planned, NEAR issuance will be reduced by about 11.8 million tokens over the next two years and by a cumulative total of about 66.1 million over six years.
2️⃣ Staking rewards will also decline
The proposal does not change how newly issued tokens are allocated: 90% goes to staking participants;
10% goes to the protocol treasury. A lower issuance rate means fewer new tokens will be allocated to stakers.
According to the proposal’s estimates, assuming the staking participation rate remains unchanged, NEAR’s gross annualized staking yield may gradually fall from about 5.268% to 3.372%.
3️⃣ Approval in the vote does not mean immediate implementation
Although HSP-029 has received overwhelming support, it still needs to be reviewed and approved by the House of Stake Security Council. This will be followed by a grace period of about 90 days, after which validators will formally implement it through a protocol upgrade.
Therefore, 1.6% is a target to be reached gradually in the future; NEAR has not already started issuing tokens at a 1.6% rate.
【Follow Laojiu and build your wealth】
November 3 — NEAR Protocol’s on-chain governance body, House of Stake, has passed proposal HSP-029, which plans to gradually lower NEAR’s maximum annual issuance rate from the current 2.5% to 1.6%. The adjustment is expected to take 24 months.
📊 What could this mean for the market?
$NEAR : This is a fairly clear long-term positive for tokenomics. A slower issuance rate may help ease supply dilution, but it doesn’t mean the token price is bound to rise. The key is still whether ecosystem demand, on-chain activity, and capital inflows can grow in tandem.
NEAR staking ecosystem: Staking yields may decline, so validators and delegators will need to reassess the balance between returns and operating costs.
📌 Three details about this vote are worth noting:
1️⃣ Maximum issuance rate cut by 36%
The adjustment lowers the rate from 2.5% to 1.6%, a decrease of 0.9 percentage points, equivalent to a roughly 36% reduction in the maximum annual issuance rate. This won’t happen all at once; the rate will be adjusted gradually with each network epoch, reaching 1.6% in an estimated 24 months.
The proposal’s model estimates that, if implemented as planned, NEAR issuance will be reduced by about 11.8 million tokens over the next two years and by a cumulative total of about 66.1 million over six years.
2️⃣ Staking rewards will also decline
The proposal does not change how newly issued tokens are allocated: 90% goes to staking participants;
10% goes to the protocol treasury. A lower issuance rate means fewer new tokens will be allocated to stakers.
According to the proposal’s estimates, assuming the staking participation rate remains unchanged, NEAR’s gross annualized staking yield may gradually fall from about 5.268% to 3.372%.
3️⃣ Approval in the vote does not mean immediate implementation
Although HSP-029 has received overwhelming support, it still needs to be reviewed and approved by the House of Stake Security Council. This will be followed by a grace period of about 90 days, after which validators will formally implement it through a protocol upgrade.
Therefore, 1.6% is a target to be reached gradually in the future; NEAR has not already started issuing tokens at a 1.6% rate.
