Executive Summary
- •Proposal HSP-027 passed with 4.66 million veNEAR voting in favor and 1,819 veNEAR against.
- •All network gas fees will now be burned instead of sending 30% to smart-contract owners.
- •Co-founder Illia Polosukhin noted the rebate created accounting issues and didn't match how dApps actually monetize.
Community Sentiment
Key Developments & Data
NEAR Protocol $NEAR votes to scrap its 30% developer gas rebate.
Proposal HSP-027 passed with 4.66 million veNEAR in favor and 1,819 veNEAR against.
All network gas fees will be burned instead of splitting revenue with smart-contract owners.
Co-founder Illia Polosukhin noted the rebate created accounting issues and didn't match how dApps actually monetize.
Implementation is expected around August 2026 with the nearcore v2.14 release.
"excited to have explicit governance for economics of $NEAR." — Illia Polosukhin
But turning a protocol fee into a token burn mechanism is just a quick way to rebrand a failed dev incentive as a deflationary narrative.
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