NEAR HSP-029 Proposal opens for voting, proposing to 24 months to reduce the annual issuance rate to 1.6%
BIBIBI
AT A GLANCE
NEAR The governance platform has opened HSP-029 voting. The proposal seeks to 24 months to reduce the annual issuance rate from 2.5%to 1.6%。
Article
NEAR A new community proposal has opened for voting, proposing to 24 months to reduce the token’s annual issuance rate to 1.6%BlockBeats News:October 21，NEAR The governance platform House of Stake has opened voting on the HSP-029 proposal, which proposes to gradually 24 over the next months, gradually reduce the NEAR token’s annual issuance rate from its current 2.5%to 1.6%to reduce token dilution and improve the long-term tokenomics model. Voting closes at November 2, 2026.
Original link https://m.theblockbeats.info/flash/372914
Key points
01
October 21，NEAR The governance platform House of Stake has opened voting on the HSP-029 proposal.
02
The proposal seeks to 24 over the next months, gradually reduce the NEAR token’s annual issuance rate from its current 2.5%to 1.6%。
03
The proposal aims to reduce token dilution and improve the long-term tokenomics model.
04
Voting closes at November 2, 2026。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a proposal to adjust token issuance rules that is currently being voted on. If implemented as proposed,NEAR the proportion of newly issued tokens each year will gradually decline, but the original text does not state the voting outcome, so it cannot currently be regarded as having been implemented.
Why it matters to readers
The issuance rate affects the number of newly issued tokens and the dilution experienced by holders; however, the actual impact depends on whether and how the proposal is approved and implemented.
Beginners should view this as governance news pending a vote, rather than a rule already in effect; they may follow the voting outcome and subsequent implementation arrangements.
Risks and unknowns
The original text does not provide the current voting result or confirm that the proposal will pass.
The original text does not specify the concrete implementation milestones should the proposal pass.
The original text does not state whether the issuance-rate adjustment would be accompanied by changes to staking yields or other token release arrangements.
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Related concepts
Annual Issuance Rate
This term is not in the glossary yet. Browse related concepts in the glossary.
