NEAR proposal slashes yield by 36%, dividing network validators

The NEAR blockchain’s total supply grew by about 2.69 million tokens in the 30.62 days to Oct. 22, while a proposed 36% cut in the issuance cap would slow future dilution and reduce token income for stakers. The network’s supply rose from 1,306,946,399.1749655 NEAR at block 216701043 on Sept. 22 to 1,309,640,572.7751897 NEAR at block 221111299 on Oct. 22 , an increase of 2,694,173.6002242 NEAR (0.20614%) over 31 days. Net selling and liquid supply available to trade are separate measures. Purchases can support demand while acquired tokens remain part of total supply. HSP-029 , an Oct. 7 proposal in NEAR’s House of Stake governance system, would reduce maximum annual issuance from 2.5% to 1.6%.

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