$NEAR
holders are voting to cut max issuance from 2.5% to 1.6%. the vote alone changes nothing
HSP-029 admits it: a House of Stake yes doesn't flip the parameter
validators still have to ship it in an upgrade, like the 2025 cut from 5% to 2.5%
slow, too: 90 days of grace, then a 24-month ramp
who pays: stakers. gross staking yield 5.268% now, 3.372% at the target
who gains: everyone else. daily issuance drops from 89,517 to 57,291 NEAR, far less fresh supply daily
who votes yes: SVRN, the author's company, with about 55M NEAR, 8+% of staked supply
fair trade to me. less dilution beats the fatter yield, and a staker voting for its own pay cut agrees
no NEAR in my wallet, nothing of mine moves here
watching the validator upgrade. without it, 2.5% stays the cap
#NEAROpensVoteToCutAnnualIssuanceTo1.6%
holders are voting to cut max issuance from 2.5% to 1.6%. the vote alone changes nothing
HSP-029 admits it: a House of Stake yes doesn't flip the parameter
validators still have to ship it in an upgrade, like the 2025 cut from 5% to 2.5%
slow, too: 90 days of grace, then a 24-month ramp
who pays: stakers. gross staking yield 5.268% now, 3.372% at the target
who gains: everyone else. daily issuance drops from 89,517 to 57,291 NEAR, far less fresh supply daily
who votes yes: SVRN, the author's company, with about 55M NEAR, 8+% of staked supply
fair trade to me. less dilution beats the fatter yield, and a staker voting for its own pay cut agrees
no NEAR in my wallet, nothing of mine moves here
watching the validator upgrade. without it, 2.5% stays the cap
#NEAROpensVoteToCutAnnualIssuanceTo1.6%