NEAR governance approves proposal to reduce token issuance ceiling to 1.6%
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
NEAR's House of Stake approved proposal HSP-029 to cut the network's maximum annual issuance rate from 2.5% to 1.6% over a 24-month period, according to The Block.
NEAR's House of Stake has approved governance proposal HSP-029 to lower the network's maximum annual token issuance rate, The Block reported. The decision reduces the annual issuance ceiling from 2.5% to 1.6%. According to the report, the reduction is set to be implemented over a period of 24 months.
Key facts
- Ceiling cut from 2.5% to 1.6%
- Proposal HSP-029 passed
- 24-month implementation period
- NEAR House of Stake
Read the original at The Block