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Proposal Aims to Reduce NEAR Inflation, Boost Sustainability

  • A proposal submitted on June 24 aims to enhance NEAR's long-term sustainability by realigning token incentives across the network.
  • The current 5% inflation rate of NEAR is considered misaligned with the network's growth and user activity, leading to concerns about excessive token issuance.
  • To address this, the proposal suggests decreasing the staking yield from 9% to 4.5% to better reflect current network activity and enhance NEAR's competitiveness in the DeFi space.
  • HOT Protocol views the inflation reduction as a strategic move to prioritize sustainability and boost NEAR's positioning in the wider cryptocurrency landscape, inviting community input and governance review.

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