NEAR Blockchain Holders Vote to Trim Max Issuance to 1.6%, Pending Validator Adoption

NEAR token holders passed a House of Stake vote announced Nov. 2 to cut the blockchain’s maximum issuance to 1.6%, with the change still requiring Security Council review, ratification, a roughly 90-day grace period and a protocol upgrade before a 24-month ramp begins. The vote signals holder support for reducing NEAR’s inflation profile, though validator adoption remains the key hurdle before implementation. Watch for Security Council action, ratification timing and validator uptake that would set the start of the issuance reduction schedule.