$NEAR is entering a new era and preparing for its own "Halving"! The community is proposing a massive 3-part economic upgrade to strengthen the ecosystem.
These are the most important changes:
1️⃣ "HALVING" INFLATION: MAXIMUM SUPPLY REDUCTION!
The most shocking news: Proposal to reduce annual inflation maximum of NEAR from 5% down to only 2.5%!
• Why? The NEAR network has matured significantly (over 300 validators). The initial 5% rate is no longer necessary and causes unnecessary dilution.
• Benefits: A more sustainable token model, encouraging more on-chain activities and better for the long-term value of NEAR.
2️⃣ HSP-002: PROTECTING SMALL VALIDATORS! 🛡️
The reduction in inflation will affect the rewards of validators. To ensure decentralization, this proposal will:
• Create a fund of 100,000 NEAR annually.
• Financial support (150 NEAR/quarter) for the 100 smallest validators while maintaining high performance (>97% uptime).
• This helps prevent the concentration of power in the hands of large validators.
3️⃣ HSP-003: REWARDING PARTICIPANTS IN GOVERNANCE (veNEAR)! 🗳️
NEAR wants to reward those who commit for the long term!
• Launching a reward program of 280,682 NEAR over 3 months for holders of veNEAR (governance token).
• What is veNEAR? You can lock tokens like LINEAR, stNEAR, rNEAR to receive veNEAR. The longer you lock, the greater your voting power!
• Goal: Encourage everyone to participate in the House of Stake (the new governance platform).
WHY NOW? 🤔
The NEAR ecosystem is booming!
• Over $1 billion in transaction volume through NEAR Intents in the past 30 days.
• New AI products are about to be launched.
This is the perfect time to transition to a leaner and more sustainable economic model!
#NEARProtocol #Near #Tokenomics #Halving #Blockchain
