WiretechnologyDextape brief
NEAR Protocol Tokenomics Overhaul Catapults The Crypto Coin 10% Higher
NEAR Protocol jumps 10% as a tokenomics overhaul targets inflation. Can NEAR crypto extend its rally as Bitcoin Layer-2 approaches launch?
Dextape brief
NEAR Protocol's House of Stake backed a governance measure called HSP-029 by a wide margin, cutting the network's yearly cap on newly minted tokens from 2.5% to 1.6%. It phases in over two years. Under the proposal, this trimming could keep about 11.8 million NEAR out of circulation in the first two years and roughly 66.1 million across six years. Daily issuance would fall from around 89,500 NEAR to about 57,300 NEAR once complete. Newly created tokens would still be split, with 90% directed to stakers and 10% to the protocol treasury. Staking returns could drop from approximately 5.27% to 3.37% if participation holds steady. Before taking effect, it still needs a Security Council check, a 90-day waiting window, and uptake by validators.
Why it matters: It shows how adjusting issuance can address token supply, a factor that matters to holders weighing NEAR's tokenomics.
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Terms in this story
- Tokenomics
- How a token's supply works: how many exist, who holds them, how new ones are issued or burned, and when locked tokens unlock.
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