NEAR governance approves proposal to cut token issuance ceiling to 1.6%
NEAR's House of Stake passed HSP-029, which lowers the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months.
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What happened
NEAR’s House of Stake passed HSP-029, which lowers the network’s maximum annual issuance rate from 2.5% to 1.6% over 24 months.
Reported details
- The reduced issuance cap may enhance NEAR’s long-term value by mitigating token dilution, benefiting passive holders and stabilizing the network.
Why this matters
This reads as a change in infrastructure rather than a move in price, and that distinction decides what is worth verifying: whether the underlying record moved, or only the interface around it. If a ledger, custodian or settlement term is unchanged, then anything built on top of it behaves the same too, however the announcement is framed. Subject of the report: NEAR.
Evidence boundary
On NEAR, the scope is limited to what the linked 2 reports state, and where they diverge both positions are recorded without either being picked in advance; the headline figure is what to check first.
What to verify
If NEAR points at a contract or a chain, verify the deployed address and version there. If it describes an internal or corporate change with no on-chain component, the chain is the wrong place to look.
Sources and editorial check time
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The Block RSS: https://www.theblock.co/news/defi/2026-11-03-near-governance-approves-proposal-to-cut-token-issuance-432378
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Crypto Briefing RWA: https://cryptobriefing.com/near-protocol-cuts-max-issuance-1-6-percent/
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Editorial source check time: 2026-11-03T11:31:33.183Z
This information is educational and is not financial, legal, or tax advice.