---
title: "NEAR governance approves proposal to cut token issuance ceiling to 1.6%"
url: https://thecoingazette.com/near-governance-approves-proposal-to-cut-token-issuance-ceiling-to-1-6/
date: 2026-11-03
modified: 2026-11-03
lang: en
author: "Coin Gazette Editorial"
description: "NEAR's House of Stake passed HSP-029, which lowers the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 21
---

# NEAR governance approves proposal to cut token issuance ceiling to 1.6%

NEAR's House of Stake passed HSP-029, which lowers the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months.