NEAR vote backs lowering issuance cap to 1.6%, pending council and validator sign-off

NEAR token holders have voted to approve a plan that would cut the network's issuance cap to 1.6% over a 24-month period, a move that would reduce staking rewards for validators and delegators. The change is not yet live: it still requires ratification by the Security Council and a protocol upgrade adopted by validators before activation. Traders holding NEAR for yield should watch the remaining approval steps, since lower issuance tightens supply but also cuts the return on staking.