NEAR Protocol is reviewing a governance proposal that would lower its maximum annual issuance rate from 2.5% to 1.6%, phased in over 24 months. This change could prevent approximately 66 million NEAR tokens from being created, worth about $329 million at current prices. Staking rewards are projected to decline from around 5.4% to 3.5%, with the existing 90/10 split maintained between stakers and the treasury. The plan includes a 90-day grace period and guardrails that allow pausing the reduction but prohibit reversing it. The final decision will rest with the House of Stake, NEAR’s governance body, with a vote tentatively scheduled for mid-October 2026.
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