The reduction to NEAR’s annualized issuance cap has not taken effect yet: HSP-029 holders have voted in favor, but the House of Stake page shows the Security Council veto window remains open until November 16; validators still need to adopt it through a protocol upgrade.
If it ultimately takes effect, the cap will gradually decrease from 2.5% to 1.6% per epoch over 24 months—not change immediately after the vote. NEAR says there will first be a grace period of about 90 days after approval, and the 90/10 allocation ratio will remain unchanged. Next, watch the veto period, upgrade schedule, and quarterly issuance reports. Which do you think would make progress easiest to verify?
Source: NEAR official statement https://x.com/NEARProtocol/status/2117338455189385533 ｜HSP-029 proposal page https://houseofstake.org/proposals/29
Disclosure: Participating in Binance Square Write to Earn; I may receive content rewards. Eligibility and amount are subject to platform rules and are not guaranteed. Not investment advice.
$NEAR #NEARProtocol
If it ultimately takes effect, the cap will gradually decrease from 2.5% to 1.6% per epoch over 24 months—not change immediately after the vote. NEAR says there will first be a grace period of about 90 days after approval, and the 90/10 allocation ratio will remain unchanged. Next, watch the veto period, upgrade schedule, and quarterly issuance reports. Which do you think would make progress easiest to verify?
Source: NEAR official statement https://x.com/NEARProtocol/status/2117338455189385533 ｜HSP-029 proposal page https://houseofstake.org/proposals/29
Disclosure: Participating in Binance Square Write to Earn; I may receive content rewards. Eligibility and amount are subject to platform rules and are not guaranteed. Not investment advice.
$NEAR #NEARProtocol
