#NEAROpensVoteToCutAnnualIssuanceTo1.6%
๐ณ๏ธ NEAR Holders Vote on Cutting Inflation to 1.6%
๐ House of Stake has opened voting on HSP-029, filed by SVRN on Oct 7.
๐ Max annual issuance would fall from 2.5% to 1.6%, on a smooth 24-month ramp (about 3.75 bps a month).
โณ A 90-day grace period comes first, so wallets and staking providers can update.
๐ Modeled impact: ~11.8M fewer NEAR minted in 2 years, 66.1M over 6 years, a supply ~4.36% smaller.
โ๏ธ Reward split stays 90% stakers / 10% treasury, but staking yields would drift lower.
โ ๏ธ It needs a supermajority, then a protocol upgrade by validators. Until then, 2.5% stays.
What it means for crypto: a simple, rule-based supply cut instead of a managed fund. Less dilution for holders, slightly lower rewards for stakers. $NEAR is near $5.01, up ~4.4% today.
Lower yield for less inflation: good trade? ๐
$NEAR
#CryptoNews #NEAR #Tokenomics #NEAROpensVoteToCutAnnualIssuanceTo1.6%
๐ณ๏ธ NEAR Holders Vote on Cutting Inflation to 1.6%
๐ House of Stake has opened voting on HSP-029, filed by SVRN on Oct 7.
๐ Max annual issuance would fall from 2.5% to 1.6%, on a smooth 24-month ramp (about 3.75 bps a month).
โณ A 90-day grace period comes first, so wallets and staking providers can update.
๐ Modeled impact: ~11.8M fewer NEAR minted in 2 years, 66.1M over 6 years, a supply ~4.36% smaller.
โ๏ธ Reward split stays 90% stakers / 10% treasury, but staking yields would drift lower.
โ ๏ธ It needs a supermajority, then a protocol upgrade by validators. Until then, 2.5% stays.
What it means for crypto: a simple, rule-based supply cut instead of a managed fund. Less dilution for holders, slightly lower rewards for stakers. $NEAR is near $5.01, up ~4.4% today.
Lower yield for less inflation: good trade? ๐
$NEAR
#CryptoNews #NEAR #Tokenomics #NEAROpensVoteToCutAnnualIssuanceTo1.6%