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Nov 2, 2026

NEAR Protocol approves reduction of maximum annual token issuance from 2.5% to 1.6%

NEAR's governance body House of Stake passed proposal HSP-029 to phase in a 36% lower issuance cap over 24 months following a 90-day grace period, pending Security Council ratification and protocol upgrade.

Nov 2, 2026·2 sources

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Top claims

▪The implementation of NEAR Protocol's lower issuance cap begins with a roughly 90-day grace period following ratification by NEAR Protocol's Security Council and validator protocol upgrade adoption
▪NEAR Protocol's House of Stake voted to approve proposal HSP-029, lowering the network's maximum annual token issuance from 2.5% to 1.6%
▪Under proposal HSP-029, daily token issuance on NEAR Protocol is projected to decrease from approximately 89,500 NEAR per day to around 57,300 NEAR at full implementation

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