NEW PROPOSAL PASSED House of Stake, NEAR’s decentralized onchain governance body, has voted to lower NEAR’s maximum annual issuance from 2.5% to 1.6%, phased in over 24 months. This is how NEAR’s economics evolve transparently and programmatically: token holders put a core parameter to a public vote, and the new rate rolls out epoch by epoch on a published schedule. For NEAR’s tokenomics, that means lower long-term issuance and a supply schedule anyone can verify. What happens next: ✦ The House of Stake Security Council reviews the result before ratification ✦ A ~90-day grace period follows ratification ✦ Validators adopt the change through a protocol upgrade, which makes it binding ✦ Token issuance then steps down every epoch, reaching 1.6% at month 24 ✦ Quarterly reports track realized issuance against the schedule Full proposal: https://t.co/qRFaLqqx4x