s/dan_panteraTOKENOMICS•Oct 1
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NEAR proposal would cut annual token issuance by 36%
NEAR stakeholders proposed cutting the network’s annual issuance rate from 2.5% to 1.6% over two years, a 36% reduction. The proposal also leaves open an eventual move to fixed supply, while NEAR continues using fee revenue for buybacks and burns. This targets monetary policy rather than a one-time token burn.
The proposal still has to move through a forum post, committee review, an onchain vote by veNEAR holders, and a security council veto window. SVRN CEO Sal Ternullo raised it in the House of Stake, where SVRN holds and stakes about 55 million NEAR, roughly 4% of circulating supply.
The proposal still has to move through a forum post, committee review, an onchain vote by veNEAR holders, and a security council veto window. SVRN CEO Sal Ternullo raised it in the House of Stake, where SVRN holds and stakes about 55 million NEAR, roughly 4% of circulating supply.
Timeline2
Oct 1
NEAR stakeholders proposed reducing inflation by 36% over two years, with a possible eventual fixed-supply model.
Oct 1
SVRN’s proposal details identified the House of Stake process and SVRN’s approximately 55 million NEAR position.
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Oct 1