NEAR Protocol says its proposal to lower maximum annual NEAR issuance from 2.5% to 1.6% has passed. The change will be phased in over 24 months.
Why it matters
The approved proposal reduces the protocol's ceiling for annual token issuance. A lower ceiling can limit the pace at which new NEAR enters supply, though the change will take effect gradually rather than all at once.
Market impact
The decision is a tokenomics change, not an immediate reduction in circulating supply. The 24-month phase-in is the key detail for holders tracking how NEAR's issuance schedule evolves.
Frequently asked questions
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What change did NEAR Protocol approve to annual issuance?
The proposal lowers maximum annual NEAR issuance from 2.5% to 1.6%.
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How long will the NEAR issuance change take to phase in?
NEAR Protocol says the change will be phased in over 24 months.
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Does the approved proposal immediately reduce circulating NEAR?
No. The proposal lowers the maximum annual issuance ceiling, and the change will be phased in over 24 months.
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How many percentage points does the issuance ceiling fall?
The ceiling declines by 0.9 percentage points, from 2.5% to 1.6%.
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What is the significance of the 24-month phase-in?
It means the lower issuance ceiling takes effect gradually rather than all at once.
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