Showing 1–3 of 3
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.
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,…
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
