NEAR Protocol price in focus after phased issuance cut approved
Published on 11/10/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNEAR tokenomics enter implementation phase
- NEAR's House of Stake approved HSP-029 to reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months.
- The proposal still requires Security Council review, a 90-day grace period and validator adoption before becoming binding.
- TokenPost recorded NEAR at 3.59 US dollars at 10:20 UTC on November 10, up 2.47% over 24 hours.
- Kinzan reported a November 9 UTC daily close of 3.604 US dollars.
The NEAR Protocol price is being assessed after NEAR's House of Stake approved HSP-029, a proposal to lower the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months. The vote advances the reform, but it does not activate the new ceiling immediately.
At 10:20 UTC on November 10, TokenPost recorded NEAR at 3.59 US dollars, up 2.47% over the preceding 24 hours. That is a rolling comparison and should not be treated as the UTC daily move. Kinzan reported a November 9 UTC daily close of 3.604 US dollars. Against that basis, the 10:20 UTC price was 0.39% lower.
What HSP-029 changes
According to The Block, HSP-029 preserves the existing allocation of newly issued tokens, with 90% going to staking participants and 10% to the protocol treasury. The proposal changes the maximum issuance parameter rather than the emissions mechanism itself.
If implemented, the ceiling would decline each epoch by roughly 3.75 basis points per month and reach 1.6% in the 24th month. The proposal estimates that 11.8 million fewer NEAR would be issued during the first two years and 66.1 million fewer over six years compared with maintaining the 2.5% ceiling. The projected supply would be 4.36% lower than under the existing path.
Investors face a two-sided effect
Slower issuance could reduce dilution for holders over time, but the adjustment also implies lower staking rewards. The Block reported projected gross staking yield of 5.268% under the existing assumptions versus 3.372% at the target rate, assuming the September staking participation level remains unchanged. That makes the reform relevant to both liquid holders and participants securing the network.
HSP-029 still requires review by the House of Stake Security Council. A 90-day grace period would follow, after which validators would need to adopt a protocol upgrade for the change to become binding. The governance approval is therefore a completed decision stage, not the final implementation of the 1.6% ceiling.
For additional coverage, visit the NEAR Protocol topic page.
