NEAR Founder Proposes 30M Token Fund to Slash Inflation

NEAR Protocol could soon see a big change in how it manages its supply. Co founder Illia Polosukhin has put forward a proposal to create a 30 million NEAR sovereign fund. This new initiative aims to support ecosystem validators and fund public goods across the network.

The main goal behind this proposal is to cut down on NEAR token inflation while keeping the network secure. By using the fund to directly finance validator rewards and core development, the team hopes to reduce the reliance on issuing brand new tokens. This shift could help stabilize the token supply over the long run.

Community members and token holders are now reviewing the proposal. If approved, the fund could set a new standard for how layer 1 networks manage their treasury reserves and reward key infrastructure partners.