[NEAR Initiates Vote to Reduce Maximum Annual Inflation Rate from 2.5% to 1.6%] According to The Defiant, NEAR's governance body, House of Stake, has initiated a vote on proposal HSP-029, which aims to linearly reduce the maximum annual inflation rate of the NEAR token from 2.5% to 1.6% over a 24-month period following an approximately 90-day grace period. According to the proposal, this adjustment would result in approximately 11.8 million fewer NEAR tokens being minted over the next two years and a total reduction of about 66.1 million NEAR tokens over six years, decreasing the supply by approximately 4.36% compared to the current policy. The total staking yield is expected to drop from 5.27% to 3.37%. The proposal requires supermajority support and must be adopted through a network upgrade approved by validators to take effect.