NEAR Governance Votes to Scrap Developer Gas Rebate

The elimination of the developer gas rebate on NEAR Protocol could enhance token scarcity, potentially boosting long-term value for investors. The post NEAR Protocol governance votes to eliminate developer gas rebate appeared first on Crypto Briefing.

The post NEAR Governance Votes to Scrap Developer Gas Rebate appeared on BitcoinEthereumNews.com. NEAR’s on-chain governance body, House of Stake, passed proposal HSP-027 to eliminate the protocol’s developer gas rebate, a change that will send all network gas fees to be burned rather than partly rebated to smart-contract owners. NEAR co-founder Illia Polosukhin confirmed the outcome Monday,… NEAR’s on-chain governance body, House of Stake, passed proposal HSP-027 to eliminate the protocol’s developer gas rebate, a change that will send all network gas fees to be burned rather than partly rebated to smart-contract owners. NEAR co-founder Illia Polosukhin confirmed the outcome Monday, calling it a step “to keep NAER Protocol simpler and cleaner going forward.” Under the current design, 30% of gas fees generated by calls to a smart contract go to that contract’s owner, with the remaining 70% burned. Once implemented, expected around August 2026 with the nearcore v2.14 release, the rebate

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