A new proposal has been posted on the NEAR governance forum calling for a reduction in the NEAR token issuance rate from 2.5% to 1.6% over a 24-month period. The proposal was put forward by Sal Ternullo, CEO of Svrn AI, and also points to a longer-term direction of moving toward a fixed total supply. It is now open for discussion among validators, House of Stake representatives, and the broader NEAR community. Separately, NEAR said the recent NEAR Intents incident did not involve any vulnerability in NEAR Protocol or the native NEAR token. According to the official statement, the network kept producing blocks and processing transactions throughout the period, with zero downtime.
On Oct. 2, a new proposal appeared on the NEAR governance forum. It was submitted by Sal Ternullo, CEO of Svrn AI, and calls for lowering the NEAR token issuance rate from 2.5% to 1.6% over 24 months, while setting a longer-term direction toward a fixed total supply.
The proposal is currently open for discussion by validators, House of Stake representatives, and the broader NEAR community.
NEAR also said the NEAR Intents incident did not involve any vulnerability in NEAR Protocol or the native NEAR token. The network continued producing blocks and processing transactions during the period, with zero downtime.
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