NEAR governance approves cutting maximum token inflation to 1.6%
NEAR's House of Stake passed proposal HSP-029 on Monday, lowering the maximum annual issuance rate from 2.5% to 1.6% over 24 months, with the 90/10 split between stakers and the treasury unchanged. The change still needs Security Council review, a 90-day grace period and a validator-adopted protocol upgrade before it takes effect. Estimates in the proposal put daily issuance falling from about 89,500 to 57,300 NEAR and gross staking yield from roughly 5.3% to 3.4%; the previous cut, from 5% to 2.5%, came in October 2025.