Members of the NEAR Protocol community have formally proposed reducing the fixed annual inflation rate of the NEAR token from 5% to 2.5%, aiming to improve the blockchain’s long-term financial sustainability and value preservation.
The proposal includes provisions that would enable future flexible adjustments to the inflation rate based on evolving network needs. A critical governance vote on this change is now underway.
NEAR token holders staking their tokens can participate in the vote, which remains open until a deadline of August 1, 2025, or earlier if two-thirds of the staked tokens endorse the proposal before that date.
The outcome of this governance decision holds significant implications for NEAR’s token supply trajectory and is anticipated to influence its market valuation dynamics.