Oh, honey, the Near Foundation is on a diet! 🥗 They’re proposing to halve NEAR’s inflation from a chunky 5% to a svelte 2.5%. 🍟→🥗 Voting kicked off on October 28, and guess what? 68.41% of the block-producing validators are already on board-just 12% more staking weight needed to make this official. Go big or go home, right? 🏠✨
According to Coinspeaker (yes, the same folks who told you Bitcoin was going to the moon 🚀), the nearcore v2.9.0 release dropped on October 21, suggesting this calorie-cutting plan. Validators who are here for it can upgrade to Protocol Version 81, while the rebels 🦹♂️ can stay cozy in Version 80. Stake delegators? Oh, you’ve got the power to redelegate and sway this vote like a reality TV finale. 📺
The clock’s ticking-23 days left for this drama to unfold. If the “NO” gang wins, NEAR’s inflation stays as is. But if 80% of the staking threshold says “YES,” it’s a done deal in the next epoch. (An epoch, by the way, is 43,200 blocks-basically a blockchain coffee break ☕.)
As of now, 67 block producers have upgraded to Version 81, waving their “YES” flags. 🎌 Meanwhile, 33 validators are still team “NO.” But hey, in crypto, 23 days is like a lifetime-validators can flip-flop faster than a reality star’s loyalty. 💃
NEAR’s stake distribution drama, as of October 28 | Source: NearSpace.info
The Plot Twist: Validators Voting Against Their Own Snack Bowl 🍿
Here’s the kicker: Validators are voting to halve their own rewards. 🤑→🤲 Like, who does that? It’s sparked more drama than a season finale of Succession. ChorusOne, the staking provider, is not having it, calling out the governance mechanism. But Illia Polosukhin, NEAR’s co-founder, is like, “This is how we’ve always done it, guys. Chill.” 🧊
Rules for upgrading NEAR Protocol have been the same since MainNet 5 years ago: 80% of block producing stake must adopt new version for protocol to upgrade.
See Protocol Specification:
As a validator you expect to evaluate the changes to protocol and…
– Illia (root.near) (🇺🇦, ⋈) (@ilblackdragon) October 24, 2025
Meanwhile, Andrei Gachev from DWF Labs is like, “If you cut inflation to 2.5%, I’ll buy another 10 million NEAR.” 💸 That’s on top of the 5 million liquid and 6 million staked NEAR they already have. Talk about putting your money where your mouth is! 💼
– Andrei Grachev 🦅🟠 $FF (@ag_dwf) June 11, 2025
With NEAR trading at $2.30, the next few days are basically a crypto soap opera. 🧼 Will the inflation diet work? Will tokenomics get a glow-up? Stay tuned, because this is the drama you didn’t know you needed. 🎭
Oh, and while we’re here, MultiversX just voted to remove their hard cap and add a theoretical 8.75% tail emission to EGLD. 🌌 Because why have one blockchain drama when you can have two? 🎉
MultiversX’s economic evolution-because why not? | Source: Governance.multiversx.co
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2025-10-29 01:18