Key Notes

Validators directly vote against their financial interests as halving inflation reduces their yearly rewards by 50%.

The controversial governance mechanism has been NEAR's standard process since mainnet launch five years ago.

DWF Labs pledged to buy 10 million NEAR tokens if the 2.5% inflation reduction passes the community vote.

The Near Foundation is proposing an inflation halving for NEAR NEAR $2.24 24h volatility: 4.6% Market cap: $2.86 B Vol. 24h: $199.04 M , effectively reducing the token’s yearly tail emission from 5% to 2.5%. Voting started on October 28, with node-level governance, and 68.41% of all block-producing validators already signaled to favor the reduction—missing less than 12% staking weight for approval.

As reported by Coin

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