The NEAR community proposed three economic model upgrades, including lowering the inflation rate to 2.5%.

NEAR announced its support for three economic model upgrade proposals put forward by the community, aiming to optimize the token inflation structure, strengthen network decentralization and incentivize governance participation. The core contents include: 1. Inflation halving upgrade: NEAR's maximum annual inflation rate will be reduced from 5% to 2.5% to build a more sustainable token economic system; if 80% of block validators support it, the upgrade will officially take effect; after the adjustment, when 50% of tokens are staked, the annualized staking reward will remain at approximately 4.75%. 2. HSP-002 Validator Support Program: Establish an annual budget of 100,000 NEAR to subsidize small validators to avoid the centralization risk caused by inflation cuts; the top 100 validators with the smallest stakes and stable operation are eligible to receive an additional 150 NEAR each quarter. 3. HSP-003 veNEAR Holder Reward Program: To promote participation in House of Stake governance