NEAR Stakeholders Back Lower Token Issuance Under HSP-029
NEAR’s House of Stake approved a two-year plan to lower the protocol’s maximum annual token issuance from 2.5% to 1.6%.
NEAR’s House of Stake approved a two-year plan to lower the protocol’s maximum annual token issuance from 2.5% to 1.6%. NEAR Protocol (NEAR) is trading at $4.04, up 1.0% since this brief published. This is an original TLT brief based on reporting by Bitcoin Sistemi, with live market data added, as of Thu, 05 Nov 2026 07:00:04 UTC.
The proposal would reduce NEAR’s maximum annual supply growth and changes how future token issuance is governed. Its implementation remains subject to final approval.
- NEAR’s House of Stake approved HSP-029, according to all three outlets.
- Maximum annual issuance would fall from 2.5% to 1.6% over 24 months.
- TronWeekly says the proposal still requires final approval.
- NEAR trades at $4, up 2.73% over 24 hours but down 9.89% over seven days.
- NEAR Protocol's Token Issuance Set to Decrease by 36% After Critical Vote
- NEAR Protocol Price Drops 9% Amid AI Crypto Sell-Off and Token Issuance Concerns
- NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over Two Years
- NEAR Stakeholders Back Lower Token Issuance Under HSP-029 — this brief
NEAR’s House of Stake has approved proposal HSP-029, which would lower the protocol’s maximum annual token issuance from 2.5% to 1.6%. The change would be phased in over 24 months, making the proposal a reduction in the protocol’s future supply-growth ceiling rather than an immediate cut to token creation. 
Bitcoin Sistemi, TronWeekly, and CoinCodex all identify the same proposal and the same two percentage figures.
The approval places the proposal at a late stage in the governance process, although TronWeekly notes that it remains pending final approval. That procedural distinction matters because the summaries consistently describe 1.6% as the intended maximum annual issuance rate rather than an already implemented setting. The House of Stake, identified by TronWeekly and CoinCodex as the approving body, is therefore central to the decision that would shape NEAR’s supply schedule.
Cross-outlet reporting provides unusually consistent figures: Bitcoin Sistemi, TronWeekly, and CoinCodex all cite a move from 2.5% to 1.6%, and each describes an implementation window of two years or 24 months. No outlet supplies a conflicting estimate. Their main difference is procedural and editorial, with TronWeekly explicitly flagging the need for final approval, while Bitcoin Sistemi describes approval by NEAR management and CoinCodex presents the outcome using conditional language.
DeFiLlama’s live figures show $134.66 million in stake TVL, down 4.3% over seven days, alongside $120.19 million in NEAR TVL, down 5.4% over the same period. These figures describe the protocol’s current staking and broader DeFi footprint as the issuance proposal moves forward. The proposal itself concerns maximum annual token production, so the live TVL readings provide surrounding ecosystem context rather than a direct measure of the issuance change.
NEAR Protocol was trading at $4, up 2.73% over 24 hours but down 9.89% over seven days, with a market capitalization of $5.25 billion. The broader crypto market capitalization stood at $2.75 trillion and was broadly higher, while Bitcoin gained 3.32% over 24 hours; the Fear & Greed index registered 50, or Neutral. The next concrete checkpoints for the proposal are final approval and completion of its phased 24-month implementation.
Since this brief published about 23 hours ago, NEAR Protocol (NEAR) has moved from $4.00 to $4.04 — +1.00%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₦5,583.18 (about $4.04), up 2.4% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
2 key figures independently matched across 3 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 5, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Stakeholders Back Lower Token Issuance Under HSP-029 — questions & answers
What does NEAR proposal HSP-029 change?
It would reduce NEAR’s maximum annual token issuance from 2.5% to 1.6% over 24 months.
Has HSP-029 received final approval?
All three outlets report House of Stake approval, but TronWeekly says final approval is still pending.
How is NEAR performing in the market?
NEAR trades at $4, up 2.73% over 24 hours and down 9.89% over seven days, with a $5.25 billion market capitalization.
How much is 1 NEAR Protocol worth in naira today?
About ₦5,583.18 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $4.04. The naira price moves with both NEAR's US-dollar price and the USDT/NGN rate; use our NEAR Protocol in naira page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is up 1.00% since this brief first published — trading at $4.04 now versus $4.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin Sistemi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.