NEAR Governance Votes To Scrap Developer Gas Rebates In Tokenomics Shift

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure NEAR governance has voted to remove the network’s 30% developer gas rebate program, redirecting all execution fees toward a protocol-level burn once the change is implemented through the nearcore v2.14 upgrade. The proposal, listed as HSP-027 on House of Stake, passed as part of a broader tokenomics adjustment. The change is expected to take effect with nearcore v2.14 in August 2026. That timing matters because the rebate is not gone from mainnet until the upgrade happens. Still, the decision is notable. NEAR’s gas rebate model was originally designed to reward developers when their applications generated activity. The logic was simple: if a contract brings users and transactions to the network, the developer receives a share of the fees. Now governance is moving toward a cleaner burn model. TL;DR NEAR governance passed HSP-027 to remove the 30% developer gas rebate. Execution fees will instead be directed to a protocol-level burn. The change is expected with nearcore v2.14 and is not active until implementation. Why Developer Gas Rebates Existed Developer gas rebates were one of NEA...