A community proposal, HSP-029, passed with 99.9% support of participating voting power and would reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months. The change would keep 11.8 million NEAR from circulating over two years, worth about $45 million at today's price, and 66.1 million NEAR over six years, while projected gross staking yields fall from 5.2% to 3.3%. NEAR fell roughly 7% to $3.82 by 11:06 UTC, extending its weekly decline to about 13%. The proposal still faces a 14-day Security Council veto window, followed by a 90-day grace period, and validators must adopt the technical upgrade before the issuance reduction begins.
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Related tickers and likely impact
NEAR/USDT
▼ Likely negativeNEAR Protocol
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $5.7B |
| Close on 11/02/2026 | 3.8670 |
| Change that session | -9.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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