NEAR Protocol Implements Token Inflation Cut Despite Governance Vote Failure

NEAR Protocol recently implemented a token inflation reduction, lowering it from 5% to 2.4% as part of a network upgrade. This move, however, sparked controversy as it defied community governance support. Validators criticized the decision for disregarding voting results and potentially undermining long-term tokenomics stability within the NEAR ecosystem. While the Foundation maintains this cut was necessary, market observers remain divided, raising questions about transparency and regulatory implications.