NEAR Governance Approves Plan to Cut Token Issuance Cap to 1.6%
Updated — view changes (3)
· body · New information from a source
NEAR's House of Stake passed proposal HSP-029, lowering the network's maximum annual issuance rate from 2.5% to 1.6% over a 24-month period, according to The Block.The reduction would lower staking rewards.Security Council ratification and a validator-adopted protocol upgrade remain required before activation, The Defiant reports.- NEAR's House of Stake governance body approved HSP-029, a proposal that would lower the network's maximum annual token issuance rate from 2.5% to 1.6%, according to The Block.
- The reduction would be phased in over 24 months, The Block reported.
- The Defiant noted that the change would lower staking rewards for NEAR token holders once implemented.
- The vote is not the final step.
- According to The Defiant, the proposal still needs ratification from NEAR's Security Council and must be incorporated into a protocol upgrade that validators adopt before the new issuance cap can take effect.
· summary · New information from a source
NEAR's House of Stake voted to reduce the network's maximum annual issuance rate from 2.5% to 1.6%.- NEAR's House of Stake approved a proposal to cut the network's maximum annual token issuance from 2.5% to 1.6% over 24 months, pending further approval.
· headline · New information from a source
NEAR governance approves plan to lower token issuance cap to 1.6% over 24 months- NEAR Governance Approves Plan to Cut Token Issuance Cap to 1.6%
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NEAR’s House of Stake governance body approved HSP-029, a proposal that would lower the network’s maximum annual token issuance rate from NEAR's House of Stake passed HSP-029, which lowers the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months.
to NEAR Governance Approves Plan to Lower Issuance Cap to 1.6%.
, according to The Block.
The reduction would be phased in over 24 months, The Block reported. The Defiant noted that the change would lower staking rewards for NEAR token holders once implemented.
The vote is not the final step. According to The Defiant, the proposal still needs ratification from NEAR’s Security Council and must be incorporated into a protocol upgrade that validators adopt before the new issuance cap can take effect.
Sources: The Defiant, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashNEAR governance approves plan to lower token issuance cap to 1.6% over 24 monthsfirst reported · 2 sourcesthedefiant.io · theblock.co
- storyNEAR Governance Approves Plan to Cut Token Issuance Cap to 1.6%update · 2 sourcesthedefiant.io · theblock.co
