Web3
NEAR governance approves proposal to cut token issuance ceiling to 1.6%
The Block·November 3, 2026·1 min read
NEAR's House of Stake governance passed HSP-029, lowering the network's maximum annual token issuance rate from 2.5% to 1.6% over 24 months. The proposal aims to reduce inflation and increase scarcity of NEAR tokens, potentially impacting supply dynamics and token value.
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