NEAR’s governance crew just gave the green light to a plan that’ll slowly dial down the max token issuance from 2.5% all the way to 1.6% across the next 24 months fr. 🖤 This move under HSP-029 is all about keeping supply growth in check and easing up on long-term dilution while the rewards stay exactly the same. Stakers still snag 90% of new tokens and the treasury grabs the other 10% like always.
HSP-029 Vibes Unlocked 💀
The tweak rolls out little by little through network epochs dropping the ceiling by around 3.75 basis points each month until it hits that 1.6% sweet spot. Estimates say this could keep 11.8 million NEAR from flooding out in the first two years with the total cut hitting 66.1 million over six years. That leaves the overall supply about 4.36% smaller than the old model would allow. Staking returns are gonna feel it too. With September numbers the gross yield might slide from 5.268% down to 3.372% once everything settles.
This whole thing avoids any messy new funding setups or validator shakeups. It’s just one clean parameter shift that needs zero admins or oracles to run. No immediate changes tho since it still has to clear Security Council checks ratification and a full 90-day wait before validators upgrade. After that the lower rate phases in over the full 24 months. 🔮
NEAR Price Taking Hits rn 📉
NEAR token stayed deep in the red dropping 7% in the last 24 hours to sit around $3.84. 😈 It underperformed a bunch of other mid and large cap coins yesterday making the slide stand out even more. The whole crypto scene feels kinda tense but this governance win might still bring some long-term stability vibes later. 🕸️💸🌑
Just another echo from the void by iconofsin.eth 💖
