House of Stake votes to cut annual issuance cap from 2.5% to 1.6%, pending Security Council review

NEAR Protocol's on-chain governance body House of Stake has voted to approve a plan cutting the maximum annual NEAR issuance from 2.5% to 1.6%, phased in over 24 months after a roughly 90-day waiting period. The plan still requires review by the Security Council before taking effect.

Detected & updated continuously · Source: Nebula