NEAR cuts issuance to 1.6 percent: gross staking yield shrinks to 3.4 percent

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The House of Stake has approved HSP-029: over 24 months, NEAR is to mint at most 1.6 percent new tokens a year instead of 2.5 percent. The change only becomes binding with the validator upgrade and after a 90-day grace period, while the price falls to $3.87.Add as a preferred source on GoogleFollow on Google NewsThe NEAR blockchain is set to mint significantly fewer new tokens in future. Proposal HSP-029, which lowers maximum annual issuance from 2.5 to 1.6 percent, now carries the status "Succeeded", meaning approved, in the NEAR governance forum. Voting in the House of Stake ran from October 19 to November 2, 2026. For anyone staking NEAR, this means that according to the proposal's model calculations, the gross yield will fall from 5.27 to 3.37 percent over two years once the change takes effect technically. That is at least three months away. The news has not helped the price so far. NEAR Protocol traded at $3.87, or €3.46, on Tuesday afternoon, November 3, 2026, down 5.1 pe...