NEAR Protocol Drafts Plan to Cut Maximum Annual Issuance to 1.6% From 2.5%

This is a supply-side pivot dressed up as monetary policy: trimming maximum issuance cuts dilution but also mechanically reduces the yield that secures the network, so the real test is whether staking participation holds. The timing is notable — floating a tighter supply cap after an 83% four-week run suggests the proposal is partly a narrative play to sustain momentum rather than a purely technical fix. The absence of a vote timeline leaves the whole thing in signalling territory, and whether validators accept lower rewards without a migration away from staking is the open question.