NEAR Governance approves proposal to reduce the maximum annual issuance rate, pending review and protocol upgrade implementation
BIBIBI
AT A GLANCE
House of Stake has voted to approve a proposal to reduce the NEAR maximum annual issuance rate in stages, but the changes have not yet taken effect.
Article
⚡️NEAR The maximum annual issuance rate will be 2.5%reduced in stages to 1.6%BlockBeats reports that November 3，NEAR the decentralized on-chain governance body House of Stake has voted to approve a proposal to reduce the NEAR maximum annual issuance rate from 2.5%to 1.6%, to be implemented in stages over 24 months. According to the official statement, token holders can publicly vote on core parameters, and the new rates will be implemented every epoch in accordance with the announced schedule, thereby reducing long-term issuance in a verifiable manner.
The subsequent process is as follows: the House of Stake Security Committee will first review and then approve the result. Following approval, there will be a grace period of approximately 90 days, after which validators will adopt the changes through a protocol upgrade to bring them into effect. The issuance rate will then be reduced by epoch at a time, reaching 24 in month 1.6%, with quarterly reports tracking actual issuance against the schedule.
Original link https://m.theblockbeats.info/flash/375120
Key points
01
House of Stake has voted to approve a proposal to reduce the NEAR maximum annual issuance rate.
02
The proposal would reduce the NEAR maximum annual issuance rate from 2.5%to 1.6%, to be implemented in stages over 24 months.
03
The new rate is scheduled to be implemented every epoch in accordance with the announced timetable.
04
The voting result still requires review and approval by the House of Stake Security Committee.
05
Following approval, there will be a grace period of approximately 90 days, after which validators must adopt the changes through a protocol upgrade.
06
The issuance rate is scheduled to reach 24 in month 1.6%, with actual issuance tracked through quarterly reports.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The annual issuance rate represents the maximum percentage by which token supply can increase each year. The proposal plans to gradually reduce the NEAR maximum issuance increase, but passage of the vote does not mean it has already been implemented; it must still undergo Security Committee approval, a grace period, and a validator protocol upgrade.
Why it matters to readers
If all subsequent procedures are completed,NEAR the maximum proportion of future newly issued token supply will decline. Whether implementation proceeds as planned will require continued monitoring of approval, the protocol upgrade, and quarterly reports.
Beginners should distinguish between “a proposal vote has passed” and “the rules have already taken effect.” The current report describes interim progress in the governance process and does not mean that the issuance rate has already been reduced to 1.6%。
Risks and unknowns
It remains uncertain whether the House of Stake Security Committee will approve the voting result.
It remains uncertain whether validators will adopt the changes through a protocol upgrade.
Whether the actual issuance rate can be reduced to 24 within 1.6%months according to the timetable remains to be verified by quarterly reports.
The evidence is a BlockBeats report, with no on-chain voting record or original official announcement attached.
Related Developments
Loading event timeline…
Related concepts
Annual issuance rate
This term is not in the glossary yet. Browse related concepts in the glossary.
