NEAR Foundation: Plans to halve the inflation rate to 2.5% and increase rewards for small validators and veNEAR holders.

ChainCatcher news, the NEAR Foundation announced support for three proposed economic model upgrades put forward by the community, aimed at optimizing the token inflation structure, strengthening network Decentralization, and incentivizing governance participation. The core contents include: 1: Inflation Halving upgrade: The maximum Annual Percentage Rate of NEAR will be reduced from 5% to 2.5% to build a more sustainable token economic system. If 80% of block producers support it, the upgrade will officially take effect. After the adjustment, with 50% of tokens staked, the staking annual rewards will maintain around 4.75%. 2: HSP-002 validator support program: Establish a budget of 100,000 NEAR per year to subsidize small validators, avoiding the centralization risks caused by inflation reduction. The top 100 validators with the smallest and most stable staking scale will be eligible to receive an additional 150 NEAR quarterly. 3: HSP-003 veNEAR holder reward program: To promote participation in House of Stake governance, a three-month reward mechanism with a total budget of 280,682 NEAR will be established, expected to provide an additional 4%-4.5% Annual Percentage Rate increase for veNEAR holders participating in governance. The NEAR Foundation stated that this proposal aims to ensure the long-term security and economic health of the network, promoting further expansion of NEAR in cross-chain Liquidity and AI-driven on-chain economy. Currently, the House of Stake governance platform is live on the Mainnet, and NEAR holders can participate in voting and governance discussions.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Related Topics
#
near
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)