A NEAR community proposal by Svrn AI CEO Sal Ternullo seeks to reduce the NEAR token issuance rate from 2.5% to 1.6% over 24 months and move toward a fixed supply long-term. The proposal is under discussion by validators and the community. NEAR confirmed the recent Intents incident involved no protocol vulnerability and caused zero network downtime.
SVRN proposes reducing NEAR's token issuance from 2.5% to 1.6%, arguing that NEAR's cumulative fees only cover 2.1% of emitted tokens compared to competitors like HYPE that burn 97-99% of trading fees. The proposal will undergo forum review, committee screening, and onchain voting by veNEAR holders before potential security council veto.
SVRN proposes reducing NEAR's annual token issuance from 2.5% to 1.6%, citing that protocol revenue covers only ~2.1% of cumulative emissions. The proposal will go through forum review, committee screening, and onchain voting by veNEAR holders before potential security council veto. NEAR's fee coverage lags behind comparable tokens like HYPE and PUMP despite recent improvements from the Intents feature.