According to official news from Odaily Planet Daily, the NEAR Foundation announced its support for three community-proposed economic model upgrade proposals aimed at optimizing token inflation structure, strengthening network decentralization, and incentivizing governance participation. The core content includes:
1. Inflation Halving Upgrade: NEAR's maximum annualized inflation rate will be reduced from 5% to 2.5% to build a more sustainable token economy. This upgrade will take effect upon approval by 80% of validators. After this adjustment, assuming 50% of tokens are staked, the annualized staking rewards will remain at approximately 4.75%.
2: HSP-002 Validator Support Program: Establishes an annual budget of 100,000 NEAR to subsidize small validators and mitigate the centralization risk caused by inflation cuts. The top 100 validators with the smallest stakes and stable operations are eligible to receive an additional 150 NEAR per quarter.
3: HSP-003 veNEAR Holder Reward Program: To promote participation in House of Stake governance, a three-month reward mechanism with a total budget of 280,682 NEAR will be established. It is expected to increase the annualized rate of return of veNEAR holders participating in governance by an additional 4%-4.5%.
The NEAR Foundation stated that this proposal aims to ensure the long-term security and economic health of the network and further expand NEAR's capabilities in cross-chain liquidity and AI-driven on-chain economies. The House of Stake governance platform is now live on mainnet, allowing NEAR holders to participate in voting and governance discussions.
