NEAR Token Falls 7% After Governance Vote to Cut Annual Issuance

The vote is a clear signal that NEAR's governance is willing to tighten supply, but the market's negative reaction suggests holders are weighing the near-term loss of staking yield against the long-term benefit of lower inflation. The absence of a specified new issuance schedule leaves the actual inflation path uncertain, which likely adds to the selling pressure. What matters now is whether the protocol clarifies the schedule and whether the reduced issuance is enough to offset the yield impact for validators and delegators.