The NEAR community has approved Proposal HSP-029, reducing the maximum annual issuance rate to 1.6%. According to Jinse财经, on November 3, the NEAR Protocol community voted in favor of HSP-029, which lowers NEAR’s maximum annual issuance rate from 2.5% to 1.6% over a 24-month phased implementation. Following approval, a grace period of approximately 90 days will be observed, after which the rate will be smoothly reduced epoch by epoch over the next 24 months, while maintaining the existing allocation ratio of 90% to stakers and 10% to the treasury.
NEAR Community Approves HSP-029 Proposal to Reduce Maximum Annual Inflation to 1.6%
JinseShare
Summary
On November 3, 2026, the NEAR Protocol community approved Proposal HSP-029 to reduce the maximum annual inflation rate from 2.5% to 1.6%. The protocol update will be implemented gradually over 24 months following a 90-day grace period. Stakers will continue to receive 90% of newly issued tokens, with the remaining 10% allocated to the treasury.
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