Summary
- NEAR Protocol announced that it has started a governance vote to lower the annual inflation rate from 5% to 2.5%.
- The proposal will pass if more than two-thirds of the staking shares approve, and the vote will run until August 1.
- Hot Protocol explained that this proposal could contribute to NEAR’s sustainable long-term growth.
NEAR Protocol has initiated a governance vote to reduce its annual inflation rate from the current 5% to 2.5%.
On the 25th (local time), NEAR Protocol announced through its official X (formerly Twitter) account, "We have started a governance vote to lower the annual inflation rate from the current 5% to 2.5%." The proposal will be passed if more than two-thirds of the staking shares vote in favor. The vote will run until 9:00 a.m. (KST) on August 1.
It was revealed that this proposal was made by Hot Protocol. Hot Protocol stated, "We believe that this proposal will enable NEAR's sustainable long-term growth."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
