A new governance proposal on the NEAR forum seeks to reduce the protocol's token issuance rate from 2.5% to 1.6% within 24 months while pursuing a fixed total supply long-term. Submitted by Svrn AI CEO Sal Ternullo, the initiative is currently open for discussion among validators, House of Stake representatives, and the broader community.
Separately, NEAR confirmed that the recent NEAR Intents incident did not involve any vulnerability in the protocol or native token. The network maintained full operational stability with zero downtime, continuing to produce blocks and process transactions without interruption throughout the event.
NEAR Proposal Targets Token Issuance Cut to 1.6% Over 24 Months
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