NEAR weighs sovereign wealth fund to cut reliance on token inflation

NEAR co-founder Illia Polosukhin has encouraged stakeholders of the network to consider a protocol fund for investment. It would hold NEAR tokens, earn yield, and spend some of that yield on security and other public goods.

He posted the idea to the NEAR governance forum Monday with a timeline of two weeks for community members to share their input.

Polosukhin calls for the community’s input

“This is very much a proposal and not a mandate,” he wrote. “I believe our ecosystem belongs to all of us and is not truly resilient or decentralized if the founder is calling all the shots,” he continued.

He wants to hear from validators and token holders voting through House of Stake and the community before anything moves forward.

NEAR is getting ready to begin its sixth year of Mainnet. Polosukhin called the first five years a bootstrapping phase. Recent groundwork, he says, includes inflation falling by half in late 2025, a fee switch that directs revenue from NEAR Intents to token buybacks, and NEAR charging for AI inference.

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