NEAR Protocol proposes 30M token fund to cut inflation

NEAR Protocol co-founder and NEAR Foundation CEO Illia Polosukhin proposed creating a protocol sovereign fund on Aug. 3, using roughly 30 million NEAR as its initial capital base. Summary 30 million NEAR would seed the sovereign fund, worth roughly $57 million at current prices. Fund yield would finance validators, MPC providers and other ecosystem public goods under governance oversight. Polosukhin wants protocol revenue converted into NEAR rather than burned for temporary supply reductions alone. House of Stake delegates would participate through existing mechanisms, but no formal vote is scheduled. Stakeholders have two weeks to comment before supporters consider formal governance steps or implementation details. At the token’s price of about $1.8 at press time, the proposed treasury would be worth approximately $57 million. The plan would direct current and future protocol revenue into a NEAR denominated fund. Part of the yield would pay for network security, validator support, multiparty computation providers and other public goods. Polosukhin described the forum post as a discussion proposal, not an approved mandate. NEAR sovereign fund would begin with 30 million tokens The ...