NEAR Protocol: House of Stake vote on cutting max issuance to 1.6% - By 11 Oct 2026

SVRN has put an issuance reduction proposal before a House of Stake vote, scheduled by 11 Oct 2026. The plan ramps NEAR's max issuance down from 2.5% to 1.6% per epoch over 24 months while keeping the 90/10 split between stakers and the protocol. Guardrails can pause the schedule but cannot reverse it, and a permanence covenant rules out reopening issuance debates afterward.If the vote passes, roughly 66M tokens will never be minted, tightening supply relative to the current emission schedule. The trade-off is staking yield, stated to fall from about 5.4% to about 3.4%, so holders face a direct scarcity-versus-return decision. That repricing is the immediate effect to watch once results are in.Sometime in the next few years most transactions on the internet will be initiated by software acting on someone's behalf. I've been thinking about what money looks like when the buyer is a machine. So, I wrote about why NEAR is the money agents will choose:…